The Crypto Council for Innovation, a coalition of digital assets organizations and companies, including Coinbase and Kraken, has written a letter to the Speaker of the House and Minority Leader advocating for the passage of the Financial Innovation and Technology for the 21st Century Act (FIT21). The bill would set the Commodity Futures Trading Commission (CFTC) as the leading regulator of digital assets and establish clear divisions for what the CFTC and the Securities and Exchange Commission (SEC) would handle. The letter argues that passing the legislation would accelerate the growth of blockchain technology and digital assets, fostering financial inclusion and protecting national security. The House of Representatives is expected to vote on the bill next week.
#opbnb

Scopescan monitoring shows that an address related to Cumberland DRW received 65 million USDT from Tether Treasury and deposited it into OKX (30 million USD), Coinbase (20 million USD), Binance (10 million USD), and Kraken (5 million USD).
#opbnb

Do you know about one of the strong #Thena partner?

This is #VenusProtocol😍

Let's figure out together what it is❗

Venus Protocol is an algorithm-based money market system on #BNBChain⚡️ ,
ethereum and #opbnb .

It aims to allow users to lend and borrow cryptocurrency in a decentralized and secure way.

Anyone can use it by connecting crypto wallets.
Community controls the protocol by its native governance token $XVS ,
which can be staked in the Venus Protocol Vault to earn token rewards.

What is possible on VenusProtocol?
⚡Lending
⚡Borrowing
⚡Minting stablecoins
⚡Governance

LANDING: Users can lend and earn changing yield on the assets they supply by Venus Protocol.

BORROWING: Venus Protocol utilizes an over-collateralized loan system that requires borrowers to pledge collateral before borrowing.

MINTING STABLECOINS: Venus Protocol users can mint the stablecoin using remaining collateral from previous vToken deposits.

GOVERNANCE: Users can also influence the future of the Venus Protocol (adding new tokens, interest rates etc.) by voting with own governance token $XVS .

Advantages of VenusProtocol over others protocols:

❇️use of supplied collateral for minting stablecoins

❇️users can earn yield from minted tokens

❇️Venus Protocol’s synthetic stablecoins are backed by the basket of cryptocurrencies

❇️low-cost and fast transactions on BNBchain

Nyan Heroes, a cat-themed shooter game, will launch its NYAN token on the Solana blockchain next week. The NYAN token will be launched on the centralized exchange Bybit and details regarding the long-awaited NYAN airdrop will be announced soon. Players who participated in the game's play-to-airdrop campaigns will receive NYAN tokens through earning MEOW and CATNIP points. The game has no NFT integration and can be played without touching crypto or having a wallet, but there will be an in-game premium currency for purchasing "Web2" items.
#opbnb

Saudi Arabia has launched Throughput, a new technology that aims to transform the web3 and gaming industries. Throughput has been specifically designed to meet the needs of game developers and players, offering a secure and scalable infrastructure. The platform includes features such as blockchain simplification, enhanced validation services, scalable resources, and future-proof security. Throughput's founders have expressed their vision to redefine the gaming experience globally and establish a dedicated hub in Saudi Arabia to attract top talent from around the world.
#opbnb

Arkham announced on X platform that it has tagged over 100 celebrities with over 1 million followers on the platform. According to the top 5 rankings by followers: Justin Bieber has approximately 110 million followers and currently holds $450,000 worth of cryptocurrency; Donald Trump has 87.2 million followers and currently holds $6.4 million worth of cryptocurrency; soccer star Neymar Jr. has 63.4 million followers and currently holds $56,000 worth of cryptocurrency; American TV host Jimmy Fallon has 49.8 million followers and currently holds $113,000 worth of cryptocurrency; and American comedian Kevin Hart has 36.7 million followers and currently holds $40,000 worth of cryptocurrency.
#opbnb

According to Spot On Chain monitoring, TRB prices have surged more than 100% in the past week. Eight whales have made profits of $3.56 million from TRB. From early March to May, these whales extracted a total of 82,849 TRB from Coinbase at a price of $80.2 and then deposited them at a price of $123 (+53.6%) after holding them for about two months. Note that more whales may deposit TRB into Coinbase to make profits.
#opbnb

According to Web3 asset data platform RootData monitoring, at 21:05 today Beijing time, 43,770 LDO (approximately 769,800 US dollars) were transferred from Binance to an unknown wallet.
#opbnb

According to CertiK Alert monitoring, the Poloniex hacker marked address has been depositing 4,800 ETH, equivalent to approximately $14 million, into Tornado Cash since 15 hours ago starting from the address beginning with 0x6Ce8. This is the latest news from DeepTech TechFlow.
#opbnb

STEPN developer FSL announced a partnership with the metaverse project TOPGOAL to bring Web3 soccer experiences into the FSL ecosystem. It is reported that TOPGOAL is an AI-driven Web3 sports game and ecosystem, dedicated to building a parallel autonomous world of sports.
#opbnb

It was a great BlockBeatsAsia interview with the CMO and co-founder of the BNB Chain Ve(3.3) project #Thena Apollo during the Wanxiang Hong Kong Web3 Carnival in early April.😍

For those who are too lazy to read, I made a short digest. 🔥

But first, a few interesting facts about the project:

⚡THENA is the Ultimate Decentralized Exchange on #BNB⁩ and #opbnb chains

⚡raised $1 million in financing from the community without VC participation

⚡In 2023, THENA created a total of $11.4 million in revenue for $veTHE and $theNFT holders

⚡now THENA's total is over $18 million

⚡project building with a relatively low market value is still in progress

⚡nothing can't stop THENA

Let's go to the digest❗

❇️Apollo first learned about bitcoin 10 years ago on a Finnish online forum Muropaketti

❇️his senior brother helped with a lot of crypto knowledge

❇️had an experience in LiquidDriver company as a head of marketing two and a half years

❇️inspired by successes of SolidIy (Fantom) and Velodrome (Optimism) but knew that THENA could do better

❇️BNBchain was chosen because it has the largest active user base, big market space and hasn't outstanding #DEFİ projects

❇️THENA was launched with the support of 20 top protocols
❇️in the spring of 2023 with #CryptoAlgebra and #GammaStrategies made centralized liquidity solution for regular users to generating more fees with less TVL

❇️summer 2023 with new partner #orbsnetwork launched decentralized limit order function and time-weighted average price algorithm to use DCA by users

❇️$600k strategic investment was obtained from Orbs at the end of 2023

❇️in cooperation with #SYMMIO launched a new perpetual contract trading platform (beta version) namely "ALPHA"

❇️than launched the liquidity aggregator "Liquidity Hub" with #orbsnetwork

❇️at the end of last year, THENA also added support for opBNB chain

❇️preparing for release the social trading center "ARENA" and the Launchpad Accelerator "WARP"

❇️the next step is to launch the Web3 debit card "THE Card"

❇️more than 40 top DEFI protocols are using THENA platform services, including well-known projects such as Frax Finance, Ankr Staking, ListaDao etc.

❇️Ve(3.3) model will become one of the mainstream trends in the future

❇️this year, THENA will introduce some VCs

❇️THENA is about to launch own crypto #wallet🔥
❇️THENA has partnered with industry-leading Particle Network to integrate the account abstraction wallet directly into the THENA official website

❇️ $THE listing on some Tier 1 #CEXs will be this year

❇️With #Algebra Integral, we can easily build a KYC fund pool for institutions or #RWAs (a very popular narrative at the moment)

❇️you can participate in the THENA ecosystem in a variety of ways to obtain passive income: holding veTHE tokens, providing liquidity, Zealy events etc

❇️Of course, the best way to learn about these opportunities is to follow THENA twitter account
❇️You are also welcome to join THENA’s Discord community to view the various strategies shared by Thenians, and the team will answer your questions as soon as possible

FTX, the cryptocurrency exchange that filed for bankruptcy in November 2022, has submitted an updated reorganization plan that estimates between $14.5 billion to $16.3 billion available for distribution to creditors. The plan offers hope for the estimated 9 million customers and investors who experienced substantial losses when FTX collapsed, with some creditors potentially receiving payouts exceeding their initial claims by up to 142%. The plan prioritizes smaller creditors by creating a "convenience class" for those with claims of $50,000 or less, with the exchange expecting most of these creditors to receive around 118% of their claims within two months of court approval. FTX plans to generate the distribution pool by selling various assets, including investments held by Alameda Research and FTX Ventures businesses, and possible settlements from ongoing legal cases.
#opbnb

Yearn announced that it will launch a new YBS staking system called yPRISMA in accordance with YIP-77 proposal on Thursday (May 9th) at 00:00 UTC. All yPRISMA stakers need to migrate their assets to continue receiving staking rewards. The best migration period is within one week after the new system goes live. Users can choose to deposit into the new yPRISMA Yearn machine gun pool, yvyPRISMA, or directly stake into the new Yearn BoostedS taker (YBS).
#opbnb

Contango Digital Assets, a portfolio under Orthogonal Global Group, announced that its blockchain and AI seed fund, Contango Blockchain x AI Fund, has completed a fundraising of $5 million. Investors include the CEO of Quantstamp, the CFO of SingularityNet, the CEO of WonderFi, a general partner of X Ventures, early limited partners of Digital Money Group and Polychain Capital, as well as investors of VANTA DAO. It is reported that the fundraising goal of the fund is $10 million, and it will focus on supporting projects in the decentralized artificial intelligence field in the future. Currently, it has purchased tokens of the telecommunications sharing economy project Minutes Network.
#opbnb

Bondex, a Web3 social network, has announced that it has received strategic investment from the investment division of the DEXTools.io ecosystem, DEXT Force Ventures. DEXT Force Ventures will provide marketing and business development guidance to Bondex, as well as access support to its DEXTools platform.
#opbnb