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Last week, when USDT dropped below $1 for a short time, some investors hastily withdrew $7 billion from Tether as questions again arose as to whether the most popular stablecoin is 100% backed.

More info: https://bit.ly/3Njl6W5
According to on-chain analytics firm Santiment, ADA whale transactions – defined as those with a value above the $100,000 mark – jumped to 1,085 earlier this month, the largest spike seen since January of this year.

More info: https://bit.ly/3yKaV9a
The petition that Tether (USDT) presented to the supreme court of the state of New York asking permission to block the public from viewing documents that explain the composition of Tether’s reserves over the last few years has been refused.

More info: https://bit.ly/3wkMrl7
A Dutch financial official has suggested banning retail investors from trading crypto derivatives.

More info: https://bit.ly/3NkZ5q6
Binance hopes to secure a cryptocurrency license from regulators in Germany.

More info: https://bit.ly/3FT6fiN
Terra revival plan vote showed 77.98% in favor of the plan while 20.28% opposed, out of 39.49% of Terra’s governance voters.

More info: https://bit.ly/3MnRW8h
West Realm Shires Services, the owner and operator of FTX US, announced on May 19 the upcoming launch of FTX Stocks, a stock trading service offered directly through the FTX US trading app.

More info: https://bit.ly/3lpqXgJ
The blockchain analytics resource IntoTheBlock concluded that the correlation between the two largest cryptocurrencies – BTC and ETH – and the three most prominent US stock market indexes has increased to multi-month highs.

The 30-day correlation is above 0.9 (the highest is 1) and noted that “crypto is moving almost in tandem with traditional equities.”

More info: https://bit.ly/3PtmOpP
On May 19, Tether released its consolidated reserves report, which reflects a 17% quarter-over-quarter decline in commercial paper from $24.2 billion to $19.9 billion.

Conducted by independent accountants MHA Cayman, the attestation represents the group's assets as of March 31, 2022, as follows: сonsolidated total assets are at least $82,424,821,101.

More info: https://bit.ly/3wsJRcM
Weaker dollar lifts Bitcoin to $30.7K as analyst eyes 60% BTC dominance.

More info: https://bit.ly/3PzpRwE
Terraform Labs CEO Do Kwon has amended his proposal to revive the Terra blockchain — in the middle of a vote on whether it should be implemented.

Terraform Labs CEO Do Kwon suggested a “rebirth” plan in which he proposed creating Luna (LUNA) 2.0 tokens on a new blockchain.

More info: https://bit.ly/3G41Qto
At a recent "Ask Me Anything" conference on Reddit, the founder of Microsoft and the world's fourth richest man said he does not invest in any crypto assets. Gates is a longtime cryptocurrency skeptic.

More info: https://bit.ly/3MCqqEi
Cardano NFT sales touched $27 million in April, as shared by a Twitter user. According to opencnft, which shares the latest data from the Cardano NFT market, 182,411 assets have been sold in the last 30 days, with the chilledkongs collection holding an 11.58% share by volume.

More info: https://bit.ly/3lzIOBv
As reported by IOHK, Project Catalyst Fund9 is expected to kick off on June 1, according to the team's announcement.

The upcoming Project Catalyst Fund9 expects over 1,000 proposals to be submitted, with $16 million worth of ADA already earmarked for grants and ecosystem rewards.

More info: https://bit.ly/3yO6wSF
LUNA is trading at $0.0001922, up 14.94% in the last 24 hours, according to CoinMarketCap. The total market capitalization of the DeFi asset is $1,255 billion.

More info: https://bit.ly/3G84rCH
Global payment giant PayPal is doing its best to bring all possible blockchain and cryptocurrency integrations to its services, according to a senior executive at the firm.

More info: https://bit.ly/3wGaUAp
Quantum Blockchain has unveiled a new Bitcoin mining algorithm that improves the current crypto mining hardware through increased speed and energy efficiency.

According to the firm with Quantum seeking to collect real-time data to reinforce the company’s existing database.

More info: https://bit.ly/3Nrk62g
GameStop announced the long-awaited final release of its NFT Marketplace.

More info: https://bwnews.pr/3NxxPEC
E-commerce giant eBay has officially launched its first nonfungible token (NFT) drop with a series of tokenized collectibles featuring National Hockey League (NHL) legend Wayne Gretsky that went live on Monday.

More info: https://bit.ly/3Nw6EtX
According to glneto, a developer at Mutant NFTs, an NFT platform based on Cardano, the upcoming Vasil Hard Fork might be available on the public testnet by June 2, with the mainnet launch slated for June 29.

More info: https://bit.ly/3lA3AB9