Defi
Connext rebrands to Everclear, the first clearing layer to solve liquidity fragmentation and power chain abstraction
IOTA L1 launches RWA L2
Starknet has a new vision to scale Bitcoin with ZK-STARK, they aim to have full functionality over both Ethereum and Bitcoin.
Polygon acquires yet another zk research firm who helped build Polygon’s Type-1 prover— Toposware; raising Polygon’s investment on zk acquisition to $1B
Astar Foundation proposes to burn 350M ASTR from their parachain reserve
Privacy focused ETH L2— Fhenix raises $15M in Series A funding led by Hack VC
Avail raise $43M in Series A funding led by Founders Fund, Dragonfly and Cyber Fund
Nillion incentivized testnet went live
AI and Depin protocol— Glacier Network announce $8M raise in Angel and seed round at $100M val, with 10x oversubscribed open interest.
Deutsche Bank partners with Bitpanda to process fiat txns in Germany 🇩🇪
BTC DA layer Nubit raises $12M led by Polychain
DWF LABS to purchase $12M in Floki to support Floki eco
Kraken lists TREMP and BODEN making it the first major US exchange to list PoliFi tokens
Expect Azur in June
Solv BTCfi will integrate Ethena to launch a yield vault. Earn Solv Points, sUSDe yields and Ethena SATS
zk processor, Lagrange has launched on EigenLayer
Ankr raas will soon support Fluent
Taiko has enabled permissionless sequencing and proving
Entangle e-bridge now supports Solana
Paxos has issued yield bearing stable coin USDL regulated in UAE
Permissionless Modular security layer— GoPlus, raises $10M backed by OKX Ventures, HashKey Capital and Animoca Brands
Hyperlane is scaling Zetachain’s interoperability
Mountain Protocol announce $8M Series A led by multicoincap
SushiSwap is now live on Bitcoin sidechain Rootstock
June airdrop summer
State of the Market
$517B in unrealized losses hits US Banking System as FDIC warns 63 Banks on Brink of Insolvency
Binance said it’ll soon restrict unregulated stable coins in the European Union
BNB broke $700, new ATH
On Wednesday, Bitcoin ETF sees its highest inflow since March at +$880M
According to The Block, Moonpay has laid off 10% of its staff.
Rumors of Bybit opening up registration and authentication to Chinese users. They have long prohibited the registration and use of all Chinese users
Coinbase launches browser based ‘smart wallet’ infra, it’ll allow devs to provide users with passkey-based logins, easy access to Coinbase balances & gasless txns
BlackRock, and Citadel Securities fund plans to start a new national stock exchange in Texas to compete with NYSE
BlackRock bought $350M in Bitcoin
Robinhood to pay $200M in cash to acquire Bitstamp to expand outside US
Ze end 🐍