Binance Labs raised a $500M fund, first time with outside capital

The fund is supported by DST Global Partners, Breyer Capital and Whampoa Group. With the new fund, Binance Labs will continue to back startups focused on increasing crypto adoption.

👉 theblockcrypto.com/post/149598/binance-labs-500-million-fund-first-outside-capital

Kusama (KSM) to be listed on Coinbase and Coinbase Pro

Acceptance of inbound transfers has already started. KSM trading will begin on June 2nd, on or after 16:00 UTC if liquidity conditions are met.

👉 twitter.com/CoinbaseAssets/status/1532029274571452416

NFT MARKET WEEKLY OVERVIEW

Within the last week, the following changes on the NFT market occurred:
🔹 Total NFT Market Cap decreased by $1.0B down to $19.1B
🔹 CryptoZoon $ZOON increased its price by 64.3% and got 1st place in the Top NFT Coin Price Gainers
🔹 The most expensive NFT sale was #77321 (Otherside) with a deal price of $661K.

DAILY FUNDRAISING RECAP

Presenting seed/private fundraising rounds that took place today.

World Mobile Token to be listed on Huobi Global

Huobi Global will list World Mobile Token $WMT in the Pioneer Zone on June 2.

👉 huobi.com/support/en-us/detail/74908464300727

Top-13 Gainers by Daily Network Growth

Daily network growth - a number of new addresses that transferred a given token for the first time within the last day.

CRYPTOMARKET DAILY OVERVIEW

Within the last day, the following changes on the crypto market occurred:
🔹 $BTC price decreased by 5.1% and added 1.3% in the last 7D
🔹 Alethea $ALI grew by 28.3% and led the NFT Gainers Rank
🔹 Golem $GLM gained 42.2% and headed the DeFi Gainers Rank

Top-11 DeFi PJTs by Relative Liquidity Ratio (RLR)

RLR is a 24H Trading Volume to Market Cap ratio. The higher the ratio, the higher traders' interest in the Token and token liquidity. A high RLR ratio may potentially lead to an increase in the token price.

South Korean government becomes an early investor in metaverse

The government will invest over 223.7 billion won ($177.1 million) directly in various metaverse projects. The decision to invest in the nascent metaverse tech makes South Korea one of the first national governments to do so.

👉 cointelegraph.com/news/south-korean-government-becomes-an-early-investor-in-metaverse

BNB CHAIN ECOSYSTEM WEEKLY OVERVIEW

Within the last week, the following changes on the BNB Chain market occurred:
🔹 BNB Chain Market Cap decreased by $1.1B down to $53.2B
🔹 Bella Protocol $BEL grew by 73.9% and led the Coin Gainers Rank
🔹 Mobox $MBOX heads the Top Gainers by Weekly Trading Volume
🔹 BabySwap $BABY gained 34.2% of its TVL and took 1st place among Weekly TVL Gainers

ITHEUM is now available on Trust Wallet

Trust Wallet $TWT, the official Binance mobile crypto wallet, now supports the $ITHEUM token, opening the door for 25 million new users to join Itheum's ever-growing ecosystem.

👉 itheum.medium.com/trust-wallet-now-supports-the-itheum-token-24b0a36a2df7

Top-11 Polygon Ecosystem PJTs by Undervaluation Index (UI*)

*UI is a Market Cap to 24H Trading Volume ratio. The lower the UI, the more the PJT is undervalued.

Presenting the most undervalued PJTs among Polygon Ecosystem PJTs.

Coinbase plans to list 5 assets before June 30

The following assets are planned to be listed: BitDAO (BIT), Coin98 (C98), Gemini USD (GUSD), Index Cooperative (INDEX), Wrapped Ampleforth (WAMPL).

👉 twitter.com/CoinbaseAssets/status/1532026519505215488

Top-9 PJTs with Trading Volume exceeding their Market Cap

The infographic shows the highest level of token liquidity and the huge demand for $AKRO, $WAVES, $ARK, $ANC, $GMT, $NU, $ELF, $BEL and $CLV that overcame the current market cap of the tokens.

Top-11 blockchains with the lowest P/S ratio

P/S is a Price to Sales ratio (Fully Diluted MC to Annualized Revenue). A higher ratio indicates that the PJT’s network is generating lower revenue relative to the historical market capitalization, and thus may be overvalued. And vice versa, a low ratio could imply that the PJT is undervalued.

Everscale, Beyond Protocol, and WeWay to be listed on Huobi Global

Huobi Global will list Everscale $EVER, Beyond Protocol $BP, and WeWay $WWY in the Pioneer Zone on June 3.

👉 huobi.com/support/en-us/list/360000039942

CRYPTOMARKET DAILY OVERVIEW

Within the last day, the following changes on the crypto market occurred:
🔹 $BTC price increased by 2.2% and added 1.3% in the last 7D
🔹 WeWay $WWY grew by 41.2% and led the NFT Gainers Rank
🔹 Ellipsis $EPS gained 45.3% and headed the DeFi Gainers Rank

New York Senate passes moratorium on PoW mining

The NY Senate today passed a bill that imposes a two-year ban on all new Proof-of-Work crypto mining operations that rely on carbon-based fuel to power their activities in the state.

👉 theblockcrypto.com/linked/150001/new-york-senate-passes-moratorium-on-proof-of-work-mining

Top-13 Gaming Gainers by 24H Social Volume Growth

Introducing Gaming PJTs with the highest 24H social volume growth, showing an increased interest in the PJTs within the last day.

TOP-13 DEFI PJTs BY EXCHANGE INFLOW

Exchange inflow - a percentage of tokens are moved from non-exchange to exchange wallets out of a total token flow.
Exchange outflow - a percentage of tokens are moved from exchange to non-exchange wallets out of a total token flow.