Author: Tony Pearce
Chainalysis: There is a High Degree of Concentration of Ownership of DAO Tokens
Reading Time: < 1 minuteIn the ten largest DAOs in the industry, 90% of the votes come from less than 1% of governance token holders.
XT.com Lists Tales of Xtalnia (XTAL) With USDT Trading Pair
Reading Time: 3 minutesThe XTAL token has been listed on XT.com and the users can access the XTAL/USDT trading pair on the Main Zone (Metaverse).
The Co-founder of Chinese Blockchain BSN Says Bitcoin is a Ponzi Scheme
Reading Time: < 1 minuteHe Yifan, CEO of Red Date Technology and co-founder of BSN, has said that unregulated cryptocurrencies, including Bitcoin, are “the biggest Ponzi scheme in human history.”
Yuga Labs Files Lawsuit Against Creator of Fake BAYC Tokens
Reading Time: < 1 minuteThe creators of the NFT collection Bored Ape Yacht Club (BAYC) have filed a lawsuit against artist Ryder Ripps.
Schnoodle ĐAO’s Fully Autonomous Bridge to Polygon launches in July
Reading Time: 2 minutesA reliable, functional, and above all else, secure token bridge has long topped blockchain’s wishlist.
Price of Polygon Token (MATIC) Jumps by 25% in a Day
Reading Time: < 1 minuteThe price of MATIC, the native token of the second level Ethereum solution Polygon, has increased by 24.9% in 24 hours.
Crypto Custodian Prime Trust Attracts $107M
Reading Time: < 1 minuteDigital asset infrastructure provider Prime Trust has recently raised $107 million in a Series B funding round.
P2E Game Cantina Royale Announces First IDO and NFT Drop on The Maiar Launchpad
Reading Time: < 1 minuteCantina Royale has announced its upcoming Initial DEX Offering (IDO) and NFT drop.
FTX Will Provide a $250 Million Loan to BlockFi
Reading Time: < 1 minuteBlockFi has signed a letter of intent with crypto exchange FTX for a $250 million revolving credit facility.
Elliptic Says Scammers and Criminals Use Dogecoin
Reading Time: < 1 minuteThe experts of analytical company Elliptic have discovered millions of dollars worth of illegal transactions with Dogecoin.
Bitflex Commences BETA Testing With Zero-Trading Fees
Reading Time: 2 minutesBitflex Inc has announced that the Company will commence BETA testing of its cryptocurrency exchange and plans to officially launch the exchange by October this year.
Ethereum Startup Immutable Launches $500M Fund Focused on Web3 Games
Reading Time: < 1 minuteEthereum-based NFT scaling solution developer Immutable has announced the $500M Ecosystem Fund launch.
US Investor Jeffrey Gundlach Says Bitcoin Will Fall to $10,000
Reading Time: < 1 minuteDoubleLine Capital CEO Jeffrey Gundlach has said that he would not be surprised by the fall of Bitcoin to the level of $10,000.
Kevin O’Leary: A Serious Negative Event Will Determine Crypto Market Bottom
Reading Time: < 1 minuteKevin O’Leary has said it is possible to determine whether the cryptocurrency market has reached the bottom only if there is a serious negative event.
Tokenized Ethereum of the Lido Platform Falls by 5% Compared to Original Ethereum
Reading Time: < 1 minuteThe discount for Ethereum-based Lido Finance tokens, stETH, has exceeded 5% amid the sale of the asset by large holders.
Tether Says Celsius Incident Has Not Affected USDT Reserves
Reading Time: < 1 minuteUSDT issuer Tether has said the negative events surrounding the project has not affected the financial stability of the USDT.
Bank of Sweden Calls for a Ban on Bitcoin to Protect the Environment
Reading Time: < 1 minuteThe Riksbank has published a report “Cryptocurrencies and their impact on financial stability,” in which it has shared the results of its own research on mining on the Proof-of-Work consensus algorithm.
Felix Capital Raises $600M to Invest in Web3 Projects
Reading Time: < 1 minuteUK-based venture capital company Felix Capital has raised $600 million for a Web 3.0-focused investment fund.
Tether is Launching USDT on Tezos Blockchain
Reading Time: < 1 minuteTether, the issuer of the stablecoin USDT, has announced it will launch Tether tokens (“USDt”) on the Tezos blockchain.
Yuga Labs Removes Unlimited Release of BAYC Collection NFTs
Reading Time: < 1 minuteThe Yuga Labs team has withdrawn the smart contract that allowed it to release an unlimited number of NFTs from the Bored Ape Yacht Club (BAYC) collection.
Telegram Denies the Leak of More Than 137 GB of Messages from Crypto-related Chats
Reading Time: < 1 minuteTwitter user adyingnobody has claimed he was able to access 137.21GB of messages from Telegram users.
SEC Opens Investigation into Binance’s BNB Token
Reading Time: < 1 minuteThe Securities and Exchange Commission (SEC) has recently started investigating whether Binance’s native token BNB was a security when the company held its ICO in 2017.
Gala Games Will Launch First NFT Game on Epic Games Store
Reading Time: < 1 minuteEpic Games Store users will have access to the first NFT game GRIT on the platform before the end of 2022.
The Volume of Blocked Funds in DeFi Ecosystem Crashed by 43% Last Month
Reading Time: < 1 minuteBitcoin and Ethereum fell by 15.6% and 28.8% at the end of May, respectively, and the total value of assets in the DeFi segment fell by 43%.
Manta Network and Acala Launch a Bridge Between Parachains
Reading Time: < 1 minuteThe Acala and Manta Network projects have recently opened an HRMP channel between the Karura and Calamari parachains.
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Lido Staked Ether 
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