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Huobi Global Weekly News(05.23-05.29)

1. Terra 2.0 was launched last week and completed its first airdrop. The Terra governance system voted to approve the plan to destroy 1.37 billion UST tokens; 2. Tether's USDT stablecoin launches on Polygon; 3. E-commerce giant eBay issued NFT for the first time. #LUNA 1. Terra released LUNA airdrop computing logic announcement, users can check number of their LUNA airdrops on new chain; 2. Terra to re-enable IBC channel as Proposition 1299 passes; 3. TNS plans to migrate the. Ust domain name to Terra 2.0; 4. Users Should Be Wary of Fake $LUNA Burning Addresses. 5. There are 280,000 South Korean Luna investors, holding 80.9 billion Luna; 6. Korea's Financial Regulatory Authority is investigating Terra related financial services companies; 7. Lido Finance Community Proposal to Relaunch its Protocol on the New Terra Chain Has Failed. 8. Terra governance system passes plan to burn 1.3 billion UST tokens; 9. Do Kwon: Terra 2.0 mainnet Pheonix-1 is now live; 10. Terraswap: Swap feature will be enabled after Terra 2.0 goes stable. #STABLECOIN 1. Tether's USDT stablecoin launches on Polygon; 2. Fed’s Brainard to Tell Panel Digital Dollar Could Coexist With Stablecoins; 3. Tether launches new stablecoin pegged to Mexican peso; 4. Kusama 197 referendum officially executed, USDT can circulate freely in the Kusama ecosystem. #POLICY 1. Russian Finance Ministry calls on crypto for international settlements; 2. FSC plans to develop regulations related to stablecoins and DeFi; 3. The Central African Republic unveils plans for an encryption center and World Bank won’t support it; 4. Turkey to discuss crypto market regulation legislation; 5. Russian Court recognizes cryptocurrency as means of payment, prosecutors see precedent; 6. Terra analyst FatMan: US crypto exchange may face arbitration over sale of USDT and LUNA; 7. Korean Government Consiers Imposing Unified Listing Standard on Crypto Exchanges; 8. Brazilian investors in the crypto-asset market must pay income tax on crypto transactions; 9. Fed minutes point to more rate hikes that go further than the market anticipates; 10. Paraguayan bill regulating crypto mining and trading moves closer to law; 11. Sweden’s Central Bank doesn’t believe that bitcoin is a currency. #CRYPTOCURRENCY 1. Elon Musk tweeted that Tesla merch can be bought with Doge; 2. Optimism removes 17K sybil addresses; 3. Ethereum consensus layer technical specification update v1.2.0 first candidate version; 4. Ripple CEO says Ripple will explore IPO after SEC lawsuit ends; 5. MicroStrategy CEO says Bitcoin mining is world's most lucrative use of energy; 6. YFII core developer: YFII has not been issued or attacked; 7. SkyBridge Capital founder buys massive ALGO; 8. Mastercard exec is bullish on crypto, sees mass adoption ‘sooner rather than later’; 9. Ethereum client OpenEthereum is officially deprecated; 10. IMF chief begs investors not to shun all crypto after the collapse of LUNA, UST; 11. Vitalik Buterin is no longer a billionaire, according to Vitalik Buterin; 12. NVIDIA’s latest graphics driver re-enables Lite Hash Rate; 13. Bitcoin mining difficulty decreased by 4.33% to 29.90T; 14. Number of DOGE-made millionaires drop 43% in 2022; 15. Crypto industry executives say the recent crash in the market should help get rid of “bad actors” in the space; 16. Billionaire Bill Miller calls Bitcoin ‘insurance’ against financial catastrophe; 17. ECB's Lagarde says her son invested in crypto; 18. MicroStrategy CEO: I’ll Be Buying Bitcoin at the Top Forever. #NFT 1. GameStop shares jump 3% premarket after company launches wallet for cryptocurrencies and NFTs; 2. eBay Launches First Collection of NFTs in Partnership with Green Web3 Company OneOf; 3. TAG Heuer CEO tweets BAYC #4215; 4. Mirror launches new function "Writing NFTs"; 5. Report: India is the most popular country for NFT games; 6. CPFB of Singapore recommended to include NFT in a diversified investment portfolio; 7. Sotheby’s CEO Charles Stewart on NFT market: There’s still a lot of enthusiasm. #METAVERSE 1. Microsoft to provide “industrial metaverse” business to Kawasaki; 2. World Economic Forum partners with Accenture, Microsoft to build Global Collaborative Village and metaverse; 3. Blockchain firm CBI launches the LGBTQ-focused metaverse Qtopia; 4. Zuckerberg’s metaverse to lose ‘significant’ money in near term. #DEFI 1. Goldman Sachs Says DeFi’s Interconnections Can Increase Systemic Risk; 2. Chorus One will be shutting down Terra infrastructure and won't be participating in the new chain for now; 3. Polygon Studios CEO says 50-60 Terra projects will be migrated by the end of the year; 4. Curve Gauges removes UST pool and stops providing liquidity incentives; 5. STEPN founder: The proportion of shared energy may be changed in the future; 6. Thailand's Siam Commercial Bank invests in Compound Treasury; 7. Terra lending protocol Mars announces that it will build a new chain in Cosmos. #FUNDING 1. Metaverse app BUD raises another $37M, plans to launch NFTs; 2. GameFi platform GEMS has secured a $50 million commitment; 3. eToro Is Reportedly Raising Up to $1B in Private Funding; 4. Digital securities platform ADDX raises $58M; 5. a16z launches fourth crypto fund with $4.5 billion Crypto Fund 4; 6. Volt Debuts $50M Crypto Fund Backed by Marc Andreessen, Chris Dixon; 7. Crypto asset manager Babel Finance raises $80 million at a $2 billion valuation; 8. Singapore crypto VC NGC Ventures raises $100m for third fund; 9. Standard Crypto raises new $500M fund; 10. Fidelity's bitcoin index fund surpasses $125 million in investments; 11. ARK Invest files application for physical bitcoin ETF to SEC; 12. Jadu raises $36M to build an augmented reality web3 gaming platform. #WEB3 1. Google seeks fresh talent to lead global Web3 team; 2. Atari announces new web3 initiative and reaffirms commitment to blockchain business; 3. OpenSea drops new web3 marketplace protocol for NFTs; 4. Paradigm launches scholarship program, applicants must be under 23 years old and familiar with Web3; 5. Inventus India launches fourth fund to raise $120 million to invest in Web3.

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