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GM Defiers! |
✍️ In today's newsletter: |
Ethereum Soars As Analysts Increase Odds for ETF Approval To 75% Web3 Gaming Token GALA Crashes After $240M Exploit LayerZero Labs Identifies 800,000 Potential Sybil Addresses in Public List Solana Surges While Rest of Crypto Majors Start Week Flat Institutions Ramp Up Crypto Exposure: CoinShares
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📈 Markets in the last 24 hrs: |
| TICKER | VALUE | 24 H |
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| Bitcoin | $66,151 | 7.44 % | | Ethereum | $3,017 | 4.68 % | | Gold 1st Future | $2,389 | 1.50 % | | S&P 500 | 5308.15 | 1.17 % | | Arch Web3 | 2.09 | 7.62 % | | Learn more about Arch Indices here. | |
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🎬WATCH |
Check out our latest interviews from the recent ETHDenver Buildathon. And watch our in-depth explainer on DeFi derivatives. |
 | What Are DeFi Derivatives? | Crypto101 |
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| NEWSLETTER CONTINUES BELOW | |
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Stellar empowers builders to unlock human and economic potential. Explore the new Stellar smart contract platform, Soroban, designed for scale and sensibility. |
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Safe{Wallet} is considered the most secure wallet in the web3 space, trusted by Vitalik Buterin and leading projects to safeguard over $100 billion in assets. The smart wallet is widely known for its multisig functionality, offering robust security measures, convenient account recovery, and access to a thriving ecosystem of over 200 integrated apps. |
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Win from $12,000,000 in NEXO Tokens! Get rewards when you buy crypto, swap, top up, and more. Download the Nexo app, collect points, and win big! |
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Two of the industry's top ETF analysts have increased the likelihood of a spot Ethereum ETF approval to 75% from 25% as the SEC approaches its May 23 deadline to respond to the first applications. |
Ether soared by more than 20% to $3,800. |
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Gala Games, a popular web3 gaming network, is reeling after a hacker exploited the smart contract for the GALA token and minted tokens worth $240 million. |
While the attacker was able to sell tokens worth $21 million via the decentralized exchange Uniswap, Gala Games moved quickly to freeze the remaining 4.4 billion GALA. |
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| | | | | The Guru Network aims to integrate AI and blockchain technologies to enhance real-world business applications across multiple chains. This multi-chain AI compute layer utilizes the CCIP protocol for secure messaging and value transfer, positioning itself as a "Layer 3" solution. Key features include reliable off-chain data integration and automated business process management, which aims to reduce user error and streamline operations. The network facilitates an environment where developers, known as 'Gurus', can deploy AI-driven applications and workflows, enhancing both scalability and efficiency across supported blockchains. Incentives are offered for contributions to the network's growth and functionality, with a focus on fostering a collaborative ecosystem for both individual and enterprise-level participants. | READ MORE: Guru Network: Multi Chain AI Compute Layer |
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LayerZero Labs has made public a list of 800,000 addresses flagged as created solely for the purpose of farming the project's airdrop. |
On May 18, LayerZero concluded its Sybil self-reporting phase. During this period, users had the opportunity to report their wallet addresses as Sybils and receive 15% of their planned token allocation if they did so within a 14-day window. |
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Crypto markets traded flat on Monday morning, following a strong performance last week driven by positive Exchange Traded Fund (ETF) inflows and macroeconomic indicators. |
Solana popped as network metrics continued to climb. SOL is up 23% in the past week. |
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Major institutions added $932 million in cryptocurrency to their portfolios last week. The seven days ended on May 19 mark the second weekly inflow in a row after four weeks of outflows. |
The additional $932 million brings the yearly total for institutions to a whopping $13.8 billion. |
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🌍 ELSEWHERE |
Uniswap Labs Denies Crypto Tokens Are Securities in SEC Response (Bloomberg) Ethereum rises 18% and Sen. Elizabeth Warren sinks in latest D.C. crypto drama (Fortune) Meta, Match, Coinbase and others team up to fight online fraud and crypto scams (TechCrunch)
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🔥 TRENDING |
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