Trading
Adoption
FTX and Goldman Sachs reportedly in talks over derivatives trading
FTX.US president Brett Harrison says major futures commission merchants are open to the exchange’s proposal.
Legal
Ex-OpenSea exec faces up to 20 years in prison over NFT insider trading
This is the first time that authorities in the US would be making an arrest over insider trading allegations in the crypto space.
Crypto
Optimism airdrops token amid high demand and drama
Some users claimed that they had been interacting with the smart contract before it went live, while some are saying they suddenly became ineligible for the airdrop.
DeFi
Singapore to target DeFi potentials with new JPMorgan partnership
Project Guardian is a collaboration between the regulator and several key financial players who will serve as trust anchors.
Analysis
Crypto investment sees $87M inflow despite bearish market sentiment
Investors have now spent over $500 million on digital assets investment products this year.
Merge
Ethereum’s Ropsten testnet beacon chain goes live, set for June 8 merge
A successful merge of the Ropsten testnet and its beacon chain would be a good indication of what would happen with the mainnet transition.
DeFi
Ethereum’s merge could help save DeFi TVL, Bloomberg reports
Data from DeFiLlama shows the total value of assets locked in DeFi is less than $110 billion, the lowest since October 2021.
CBDCs
China to gift citizens 90M digital yuan via lottery to restart economy
Shenzhen, Guangzhou, and Xiong'an New Area are reportedly gifting citizens roughly 90 million digital yuan in red packets to citizens in a bid to restart the economy following Covid-19.
Exchanges
Coinbase top executives reportedly made over $1B via stock sales
One of Coinbase co-founders has sold close to $500 million of his shares of the company.
Scams
Scammers looking to take advantage of LUNA 2.0 airdrop
Malicious actors have sent wrapped LUNA to public addresses of crypto influencers and industry leaders like Justin Sun and Vitalik Buterin.
DAOs
Avalanche’s new proposal wants ApeCoin on its subnet
Ava Labs says it would provide support for ApeCoin integration into its subnet through various initiatives.
Politics
FTX CEO Sam Bankman-Fried reveals willingness to spend $1 billion to keep Trump away from White House
A $1 billion donation from SBF would place him on-par with mega-donors like the Adelsons, Michael Bloomberg, and the Koch brothers.
