Uniswap founder: Founders and VCs need to stop valuing early-stage, pre-launch crypto projects at over $1 billion.

Hayden Adams, the founder of Uniswap, urges cryptocurrency founders and venture capitalists to refrain from valuing projects at over $1 billion during their early stages, especially before token release, unless they genuinely warrant such valuations. He emphasizes that achieving a valuation of 7-9 figures is remarkable, and not every project needs to be a unicorn from the start. Adams suggests that adhering to fair valuations for both fundraising founders and investing venture capitalists can potentially yield greater returns, despite being more challenging.


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The Morpheus token (MOR) is now available for claiming and trading, becoming an on-chain OFT token on platforms such as Ethereum and Arbitrum ✅

LayerZero Labs announced on the X platform that the native token of the Morpheus ecosystem, MOR, is now available on Ethereum, Arbitrum, and other Layer 2 solutions that comply with the OFT standards. According to its tokenomics model, MOR has a total supply of 42 million tokens, with 24% allocated to code providers, capital providers, compute providers, and the community. Additionally, 4% is reserved as a "protection fund" for expenses such as bug bounties and audits.

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Thruster: 2.7 million Blast gold points will be given to Thruster users✅

According to financial reports, Thruster, the Blast ecological DEX project, posted on the platform that it is honored to once again become the protocol that has received the most Blast gold points. In this distribution, 2.7 million gold points will be given to Thruster users and will be distributed in stages.

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Jack Dorsey: Bitcoin price could reach at least $1 million by 2030

According to financial reports, Twitter co-founder Jack Dorsey said that the price of Bitcoin may reach at least $1 million by 2030, adding that its value may grow further from then on. Dorsey pointed out that the price of Bitcoin is not actually the most interesting aspect of Bitcoin, but the collaborative nature of the ecosystem and the way it incentivizes collective efforts to strengthen the network.

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Web3 Foundation: Supported a total of 30 projects in Phase 21

According to financial reports, the Web3 Foundation, the Polkadot development agency, announced support for a series of diverse and innovative projects through the classic W3F funding program and the recently launched Decentralized Future (DF) program. In Phase 21, we supported a total of 30 projects through the combined efforts of the W3F Grants Program and the DF Program. The Grants program will continue to focus on projects with broad open source advantages, promoting tools and technologies that can be widely reused within the community. In contrast, the DF program supports a wider range of projects that hope to be financially self-sustaining in the long term, including those outside of open source implementation.

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Cardano founder: A vote for Biden is a vote against the US cryptocurrency industry 🤑

According to financial reports, Cardano founder Charles Hoskinson said in a video that a vote for Biden is a vote against the U.S. cryptocurrency industry, and that the Biden administration is doing its best to "destroy the U.S. cryptocurrency industry." Over the past few years, the U.S. government has “hurt the cryptocurrency industry in every possible way,” citing restrictions on access to bank accounts, the SEC’s enforcement regulatory policies, and most recently, the White House’s “obstruction” of the legislative process.


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Notional $1.2 billion in BTC options and $800 million in ETH options set to expire soon ✅

According to financial reports, Greeks .live data shows that options delivery data on May 10: 18,000 BTC options are about to expire, the Put Call Ratio is 0.64, the biggest pain point is US$62,000, and the nominal value is US$1.2 billion.

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Amber Group once again deposited 500,000 LDO to Coinbase. This address holds a total of 5.5 million LDO.

According to financial reports, according to monitoring by on-chain analyst @ ai_9684xtpa, five minutes ago, Amber Group recharged 500,000 LDOs to Coinbase, worth US$950,000. Currently, LDO is still the top 2 token held by this address (GRT ranks top 1), holding 5.5 million tokens with a total value of $10.51 million.

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Geth developers: Network vulnerabilities in Geth v1.13.14 and earlier will be released soon

Financial reports, Geth developer Péter Szilágyi stated on the platform that network vulnerabilities in previous versions of Geth (v1.13.14 and earlier) will be released as soon as possible, so before we provide details to reproduce the attack, please make sure you use is a patched version.

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The trading volume of 6 Hong Kong virtual asset ETFs today was HK$11.3092 million😘

According to financial reports, Hong Kong stock market data showed that as of the close of trading, the trading volume of six Hong Kong virtual asset ETFs today was HK$11.3092 million, a decrease of 40.87% from yesterday. in:
The trading volume of ChinaAMC Bitcoin ETF (3042. HK) was HK$4.29 million, and the trading volume of ChinaAMC Ethereum ETF (3046 .HK) was HK$1.07 million.

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Fed's Bostic: Expected the Fed may only cut interest rates once later this year

According to financial reports, Fed Bostic said that even if the timing and extent of easing policy are uncertain and inflation is slow to fall further, the Fed may still cut interest rates this year. However, Bostic said he still expects the Fed may cut interest rates only once, by 25 basis points, later this year, and his focus now is not on how much the policy rate might fall in 2024, but on determining the right time to cut rates.

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Merlin Chain: All assets in Merlin's Seal can be unpledged

According to news on May 10, Merlin Chain posted on the platform that all assets of Merlin's Seal can be unpledged, including BTC, Bitmap, BRC-20, BRC-420, ORDI-NFT, USDT, USDC, and ETH.

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The number of ENA tokens claimed exceeded 300 million, exceeding 40% of the total airdrop amount

According to financial reports, according to the latest data from Dune Analytics, the number of ENA tokens claimed has exceeded 300 million. At the time of writing this article, it reached 307,540,765, accounting for 41% of the total airdrop. The number of unclaimed tokens is 442,459,235, and the number of ENA tokens that have been claimed is 442,459,235. The number of independent wallets of the currency reached 29,572. In other news, Ethena, a synthetic USD protocol built on Ethereum, announced that it will use 5% of its total token supply for airdrops, totaling 750 million ENA.


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IMF recommends Nigeria license global cryptocurrency exchanges

According to financial reports, the International Monetary Fund (IMF) has recommended that Nigeria issue licenses to global cryptocurrency exchanges as part of its economic reform measures in its efforts to integrate cryptocurrencies into its financial system, according to a recent IMF report. Aiming to secure Nigeria’s place in the African cryptocurrency market. The report recommends that “global cryptocurrency trading platforms should be registered or licensed in Nigeria and subject to the same regulatory requirements that apply to financial intermediaries.


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