Bitwise Asset Management's General Counsel and Chief Compliance Officer, Katherine Dowling, talks about the progress made on digital asset legislation and crypto ETFs at Consensus 2024.
#BinancePizzaDay

According to on-chain analyst Ali's data, over the past 72 hours, more than 37,000 BTC has been withdrawn from exchanges, worth approximately $2.53 billion.
#zachxbt

According to CoinDesk, "Notcoin's delayed entry event caused a big shake-up in the Bybit management team." The Bybit cryptocurrency exchange confirmed the report, stating that several executives have been "reassigned" after the failed issuance of Notcoin (NOT) resulted in 3.2 million users receiving $23 million in compensation. A Bybit spokesperson said, "We are aware of recent news regarding changes in our management team. Bybit regularly updates its organizational structure to align with our strategic goals. We are committed to placing the right people in the right positions with our team." The spokesperson added, "We prioritize customer interests and have conducted a thorough internal review to enhance future customer experiences. This improvement has led to changes in some leadership roles, which we believe are essential." On May 16th, users experienced delays when depositing newly issued Notcoin into Bybit, causing them to be unable to immediately sell their assets and resulting in losses. The exchange received 370,000 on-chain transactions, with 70% of deposits credited before market opening.
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NFT data platform shows that the sales of NFT in May was 624 million US dollars, a decrease of 54% compared to April (1 billion US dollars).
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According to the EthVol (Bitcoin Volatility) index launched by financial index company T3 Index in conjunction with options trading platform LedgerX, it fell to 55.59 yesterday, a daily decline of 2.18%, approaching the lowest level since the end of February. The EthVol index measures the 30-day expected implied volatility derived from tradable Bitcoin option prices. Implied volatility refers to the volatility implied by the actual option price. It is the volatility derived by using the B-S option pricing formula and substituting the actual option price and other parameters except for the volatility σ into the formula. The actual price of the option is formed by competition among many option traders, so the implied volatility represents the market participants' views and expectations of the future market, and is therefore regarded as the closest to the real volatility at that time.
#zachxbt

On May 31st, according to the Snapshot governance page, the Aave community initiated a vote on the ARFC proposal "to increase the bridged USDC reserve factor in all deployments," proposing to gradually increase the bridged USDC (USDC.e and USDbC) reserve factor (RF) in the Arbitrum, Optimism, Polygon, and Base Aave deployments.
#BinanceRiskSniper

Reports from Wu Shuo, Bybit has experienced a major upheaval in its management team following the delayed deposit incident with Notcoin. Multiple executives have "voluntarily resigned" and the company has publicly recruited new technical and spot managers. Bybit allowed the Notcoin project to airdrop tokens directly to user addresses instead of distributing them to a centralized exchange address for further distribution. This caused a delay in users receiving their tokens and prevented them from selling them immediately. The number of affected users reached 320,000 and Bybit claims to have provided $23 million in compensation.
#BTC☀

According to on-chain analyst @ai_9684xtpa, two hours ago, Grayscale allegedly entrusted Flow Traders to sell 5,812 ETH (worth $21.75 million), which may be management fees for the Ethereum Trust Fund. Grayscale charges a management fee of 2.5% per year for ETHE, and based on the current holdings of 2.97 million ETH, it generates an annual income of 74,000 ETH (approximately $280 million). Since July 2023, Grayscale has transferred 34,270 ETH worth $88.22 million to Flow Traders. Based on past operations, the transferred ETH will be gradually recharged into various exchanges in the next few days.
#PEPE市值超越LTC

Andrew, a founding member of the Ton network, posted on X platform, citing a tweet from the TonKeeper ecosystem wallet, stating that all TON wallets will support sending USDT and paying gas fees in USDT in the future.
#SEC败诉

According to BSCN Headlines' article on X platform, states that Bitcoin financial services company UNCHAINED has partnered with the University of Austin to establish a $5 million donation fund, which will be used to invest in Bitcoin.
#SEC败诉

Ripple CEO Brad Garlinghouse predicts that XRP, Solana, and Cardano ETFs will be launched soon, following the approval of the Ethereum exchange-traded fund (ETF) by the US Securities and Exchange Commission. He believes it's only a matter of time.
#crypto2023A

SSV Network stated that the proposal to expand the Simple DVT module of Lido Finance is now online. In addition to other optimizations, the proposal aims to increase the total pledge allocated from Lido's pledge router to the Simple DVT module. The increase is huge, from the current 0.5% to the proposed 4%.
#ETH🔥🔥🔥🔥

According to Whale Insider's article on X platform, the Bitcoin runic project DOG•GO•TO•THE•MOON initiated by @LeonidasNFT has a 24-hour trading volume of 93 million US dollars and the price is gradually rising.
#opbnb

On May 31, Singapore-based payment company Triple-A released the "2024 Global Cryptocurrency Ownership Status" report, which showed that the global digital currency user group will reach 562 million people (6.8% of the global population) in 2024, a 34% increase from 420 million people in 2023. 34% of cryptocurrency holders are between the ages of 24 and 35, the largest proportion among all age groups. The United Arab Emirates, Singapore, and Turkey are among the top 30 economies with the highest cryptocurrency ownership rates. Asia maintains its lead in cryptocurrency holdings, increasing from 268.2 million to 326.8 million, followed by North America with a holding of 72.2 million.
#crypto2023A

According to the Polygon Q1 2024 report by Messari, Polygon's gaming activities surged in Q1 2024, with daily active gaming addresses increasing by 1615% to reach 207,000 and daily gaming transactions growing by 469% to reach 734,000.
The market value of Polygon's stablecoin increased to $1.5 billion, a YoY growth of 19%. USDT consolidated its position as the leading stablecoin, with a YoY growth of 29% to reach a market value of $792 million, accounting for 53% of the total stablecoin market value.
Polygon Labs launched AggLayer, aimed at unifying the liquidity and state of any chain connected to AggLayer. AggLayer aggregates proofs of chain state to ensure the cryptographic security and unified liquidity of cross-chain transactions. Polygon Labs announced the development of a Type 1 ZKEVM prover. Type 1 provers are equivalent to Ethereum, allowing any existing EVM chain to become a ZK chain and directly use existing EVM clients. Astar launched Astar zkEVM on the mainnet, built using the Polygon Chain Development Kit and connected to AggLayer.
Astar is one of the many Polygon CDK chains in development, including Immutable, Manta, OKX, Hypr Network, Moonveil, FlipKart, OEV Network, Libre, Arianee, and more.
#Bitcoin❗

Polygon released its Q1 2024 report, which showed a significant increase in gaming activity on the platform. Daily gaming addresses increased by 1,615% to 207,000, while daily gaming transactions increased by 469% to 734,000.
The growth in activity was mainly driven by the MATR1X FIRE game developed by MATR1X. The market value of Polygon's stablecoins increased to $1.5 billion, a 19% increase compared to the previous period. USDT strengthened its position as the leading stablecoin, with a 29% increase in market value to $792 million, accounting for 53% of the total stablecoin market value.
Astar launched Astarzk EVM on the mainnet, built using the Polygon Chain development kit and connected to AggLayer. Astar is one of many Polygon CDK chains currently under development, including Immutable, Manta, OKX, Hypr Network, Moonveil, FlipKart, OEV Network, Libre, and Arianee.
#BinanceRiskSniper

According to data monitoring by Arkham, an address marked as Luna Foundation Guard transferred 1.974 million AVAX (approximately $71.19 million) to an address starting with 0x134 15 minutes ago.
#opbnb

On May 31st, Plural Energy, an RWA project, completed a pre-seed round of financing of $2.3 million, led by CompoundVC and Necessary Ventures, with participation from Volt Capital and Maven 11. The new funding will be used to connect solar and wind energy developers with investors through blockchain technology. Plural Energy allows people to invest in solar power plants, wind farms, and battery storage projects for as low as $10, with the usual minimum investment amount being $BTC #PEPE市值超越LTC

Blast ecosystem Meme project Pacmoon has announced the launch of version 2 with the concept of Social Validator. The V2 "Social Validator" model mainly includes:
Creator's tweets about Pacmoon;2. Validators liking the creator's tweets;3. Creators earning points based on how many validators like their posts (and how much they hold);4. Validators being able to allocate daily points based on the number of posts they liked by creators.It is reported that the qualification for participating validators is limited to holding 10,000 PAC tokens. Pacmoon stated that it will airdrop tokens worth $1 million every month, of which 70% will be allocated to creators and the remaining 25% will be allocated to validators. #crypto2023A

As bankruptcy costs continue to rise, FTX lawyers and advisors have approved over $500 million in fees from bankruptcy assets. It is reported that the institution responsible for overseeing the bankruptcy process has requested payment of over $700 million in fees and expenses, although many requests have been reduced by 20% and some requests have not yet been approved. According to court documents, Sullivan and Cromwell, FTX's special advisor in the bankruptcy case, topped the list with approved fees of $254 million (although their bill amount was $360 million), followed closely by financial advisor Alvarez and Marsal with approved fees of $133 million. Other law firms and advisors include legal investigation advisor AlixPartners, special advisor Quinn Emanuel Urquhart & Sullivan, investment banker Perella Weinberg Partners, and joint advisor Landis Rath & Cobb, who together charged $57 million in fees.
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