The total circulating supply of LUNA increased by 15.91 billion today; Three urgent measures are being taken to clear UST bad debts; Elon Musk's belated disclosure of Twitter stake triggers regulators' probes; MicroStrategy's Bitcoin bet turns negative, triggering $330 million paper loss. #STABLECOIN 1. BlackRock and Citadel deny trading cratering stablecoin; 2. Tether CTO said Tether is honouring USDT redemptions at $1; 3. Tether CTO said algorithm stablecoin must have at least 3 times reserve pool of crypto assets; 4. Terraform Labs: Three urgent measures are being taken to clear UST bad debts; 5. Terra plans to burn $1.4 billion UST and stake 240 million LUNA. #LUNA 1. The total circulating supply of LUNA increased by 15.91 billion today; 2. Larry Cermak: I think the only way out of this mess is to give up on UST. #POLICY 1. Korean Court gains support from exchanges in bid to include crypto in bankruptcy cases; 2. El Salvador's President shows plans of proposed ambitious Bitcoin city; 3. Chile puts CBDC plans on hold until end of 2022 to undertake more analysis; 4. Putin obliges election candidates to report crypto holdings outside Russia; 5. Elon Musk's belated disclosure of Twitter stake triggers regulators' probes. #CRYPTOCURRENCY 1. BTC miners' balance reaches a 4-month low; 2. Bitcoin spot trading into USD dropped 25.5% in April; 3. Doge gets more love on Twitter and Ethereum gets more hate; 4. The average gas fee of Ethereum surged in a short time, reaching 886 Gwei; 5. MicroStrategy's Bitcoin bet turns negative, triggering $330 million paper loss. #NFT 1. OpenSea roll out changes aim at improving authenticity and reducing copymints; 2. Terra NFT market sees trading spike amid UST collapse; 3. Rarible NFT trading platform Discord was attacked; 4. BAYC floor price fell below 90 ETH; 5. KFC launches Original Moments NFT in Malaysia. #METAVERSE 1. Facebook-owner Meta prepare cutbacks in its metaverse core unit Reality Labs division. #DEFI 1. Sushi 2.0 community proposal passed the vote with 91.78% support; 2. Proportion of assets in the Curve 3 Pools is seriously skewed, liquidity of USDT accounts for 84.78%; 3. PancakeSwap governance proposal set to cap CAKE supply at 750M. #FUNDING 1. BVNK grabs $40 million for its crypto banking services; 2. Oasis Pro Inc. announces its oversubscribed $27+ million strategic financing round; 3. Token.io raises $40M to expand open banking-based account-to-account payments in Europe; 4. 6th Man Ventures is raising $145 million for a second crypto fund.