headlines
Binance NFT Marketplace Will Support Bitcoin NFT Protocol Ordinals (BitcoinNFT)
According to official news, Binance announced that its NFT market will support the Bitcoin NFT protocol Ordinals in late May. According to an official statement, Binance customers will be able to buy and sell Ordinals without using a “separate Bitcoin wallet.” Binance NFT is actively seeking to collaborate with related NFT projects focused on Bitcoin Ordinals to further strengthen the community and ecosystem.
Bitcoin Devs Launch Discussion on "Rejecting Non-Standard Taproot Transactions to Solve Bitcoin Network Congestion"
Odaily News Bitcoin developer Erik Aronesty launched a discussion entitled "As a developer, should we reject non-standard Taproot transactions from full nodes".
Odaily News Inscription and the popularity of BRC-20 have caused high fees for Bitcoin network congestion, which has been discussed in the Bitcoin developer community. On May 8, Bitcoin core developer Ali Sherief initiated a discussion on the Bitcoin development mailing list, expressing whether Bitcoin developers should take action in the face of such "valueless" transactions, and gave a possible option, namely "introduce a runtime option to drop all non-standard Taproot transactions immediately". There are currently 5 developers participating in the discussion, but most developers do not agree with this "censorship" behavior.
Industry news
Nearly 400 Estonian Crypto Firms Voluntarily Closed or Deauthorized After New Law
Odaily News Nearly 400 Virtual Asset Service Providers (VASPs) in Estonia have voluntarily shut down or had their authorization revoked.
According to a May 8 statement from the Estonian Financial Intelligence Unit (FIU), nearly 200 domestic crypto service providers have voluntarily closed down since the March 15 amendments to the anti-money laundering law, in addition to approximately 189 crypto services. The company's authorization was also revoked for "not meeting the requirements".
Estonian regulator cuts number of cryptocurrency licenses to 100. (Cointelegraph)
Insiders: Jane Street Group, Jump Crypto are exiting U.S. markets amid regulatory uncertainty
Jane Street is further scaling back its global crypto ambitions as regulatory uncertainty makes it difficult for the company to operate in a manner that meets internal standards, according to a person familiar with the matter. (Bloomberg)
Project News
German financial technology company Unstoppable Finance will launch Europe's first compliant "DeFi-Native Bank"
DCG Releases Genesis Mediation Statement: Parties Enter into 30-Day Mediation Period, Discuss Development Capital with Capital Provider
Clairvoyant Labs raised 1.86 million BLUR from OKX today
Odaily News According to the monitoring of the chain analyst Ember, about an hour ago, Clairvoyant Labs proposed 1.86 million BLUR (about 880,000 US dollars) from OKX, and the current price of BLUR is 0.47 US dollars. Ember analysis said that the institution seemed to sell on the cost line and re-buy after the decline.
People familiar with the matter: private equity giant Apollo Global Management is in the bid for Celsius
According to people familiar with the matter, private equity giant Apollo Global Management is participating in the bid for the bankrupt encrypted lending platform Celsius.
According to an investor note, once NovaWulf wins the takeover, its investors will receive a management fee as well as an incentive fee tied to the restructured Celsius net asset value (NAV). The filing did not mention Apollo by name or the terms of its deal with NovaWulf.
Investment and Financing
Sui's decentralized trading platform Turbos Finance to launch IDO on May 12
Odaily News Encrypted media company Blockworks completed a $12 million financing at a post-money valuation of $135 million, led by 10 T Holdings, with participation from Framework Ventures and Santiago Santos. The funding will be used to accelerate Blockworks Research, Blockworks’ research and data analytics product, which provides subscription-based research, data and analytics, governance, and real-time news. Blockworks also launched GovHub, a platform for tracking and analyzing crypto protocol proposals, last week. (AXIOS)
Odaily News The company behind NFT project Pudgy Penguins has raised $9 million in a funding round led by early investor 1kx, which also included the founders of Big Brain Holdings, Kronos Research and LayerZero Labs.
NFT project Pudgy Penguins completes $9 million in financing led by 1kx
Odaily News The company behind NFT project Pudgy Penguins has raised $9 million in a funding round led by early investor 1kx, which also included the founders of Big Brain Holdings, Kronos Research and LayerZero Labs.
Web3 Startup Blocktorch Closes $4.2M Seed Round Led by IDEO CoLab Ventures
Odaily news Web3 start-up Blocktorch completes USD 4.2 million seed round financing led by IDEO CoLab Ventures, other investors include Speedinvest, RockawayX, Alchemy Ventures, Remote First Ventures, Bryce Ferguson, Charlie Songhurst, Simon Jones (CEO of Voltz Labs) , Andreas Klinger, Max Stoeckl (CEO of Dogami), Henry Chen (GP WAGMI Ventures), Felix Wolf and Entrepreneur First, among others.
Founded in 2022 by Gerald Pollak and Amine Afia at the Berlin-based Entrepreneur First incubation program, Blocktorch's end-to-end observability platform helps DApps scale by enabling engineers to understand the behavior of DApps and apply technology to deliver scalable functionality. (Tech Funding News)
Decentralized stablecoin protocol TiTi Protocol will launch an IDO on May 10 and plans to launch the Ethereum mainnet in the next few weeks
Odaily News The decentralized stablecoin protocol TiTi Protocol will officially open its IDO on May 10, and plans to launch the Ethereum mainnet in the next few weeks. This IDO provides a total of 10,000,000 TiTi tokens (TiTi Protocol governance tokens).
