Another DeFi Attack

Beanstalk Farms loses $182M in DeFi governance exploit

The stablecoin protocol saw its own governance proposal system exploited enabling the malicious actors to extract all of its $182 million in collateral.—link

⁠Bitcoin hodlers targeting $100K is what's preventing 40% price drawdown, data suggests

Long-term holders are in command amid a lack of speculators — and they're showing little interest in selling.—link

Digital asset investment products saw outflows totalling $97m last week. The outflows represent the second week in what we believe is likely a result of recent profit taking and a reaction to the more hawkish FOMC statement — link

⁠Solana’s STEPN hits record high as GMT price skyrockets 34,000% in over a month

Strong hype around move-to-earn tokens could offset the bearish technicals emerging for GMT.—link

Framework Ventures unveils $400 million fund with a special focus on blockchain gaming — link

⁠Bitcoin 'buy' signal excites as dollar, gold extend losses, BTC price heads past $41.5K

Nothing stands in the way of Bitcoin's latest renaissance, even as gold tumbles and the U.S. dollar checks its progress.—link

Overall, across all cryptocurrencies Chainalysis tracks, investors around the world realized total gains of $162.7 billion in 2021, compared to just $32.5 billion in 2020 — link

Tesla hasn’t sold any of its #Bitcoin according to their Q1 report —link

Ethereum has maintained dominance in terms of TVL (55.6%) at $150bn. However, Terra has proven the most successful challenge to $ETH recently, with a quarter-over-quarter TVL growth of more than 72% to $35.2bn.

⁠STEPN to new highs? GMT price painting first 'bull flag' toward $5 target

GMT is booming amid warnings that its 38,000% price rally since inception could end up being an "absolute joke."—link

Uniswap Labs now blocks certain crypto wallets from its app’s frontend — link

Binance denies report it agreed to share user data with Russian FSB-controlled agencies—link

Total stablecoin supply hovers around $180 billion. $UST ’s growth has been remarkable in 2022, expanding by $7.6B in around five months.

Twitter has announced that it has agreed to Elon Musk's $44 billion bid for the social media company. In a press release, Twitter announced that upon completion of the deal, Twitter will become a privately held company owned wholly by Musk.

The vast majority of creators are not interested in using crypto or NFTs in video games, recent polling suggests — link | archive

⁠Ex-BitMEX CEO explains how Bitcoin will hit $1 million by 2030

The European Union "is finished," Arthur Hayes says, while yield curve control will put the U.S. in a "doom loop."-link

In April, Grayscale’s Bitcoin trust product (GBTC) maintained its position as the highest traded trust product.

Average daily volumes of the fund totalled $104mn (down 17.3%), this was followed by Grayscale’s Ethereum trust with average daily volumes of $66.3mn (down 11.5%) — link

⁠Bitcoin disappoints on bull run as AMZN sees biggest 1-day drop since 2014

U.S. market open surprises combine with a weakening dollar to produce confusing conditions for hodlers.-link

⚠️Attention: NFA but if you have funds on #fantom, please consider bridging them OFF asap.
A degen 🐳 is about to be liquidated for more than the on chain liquidity on $FTM. If this occurs, it will result in bad debt & slow/failed transactions on chain.

BAYC has sold over $100,000,000 worth of digital real estate 45 minutes after launching their Otherside Metaverse.

Ukraine Doubles Down on Crypto-Friendly Regulation Efforts, Aims for Top Spot

Ukraine is aiming to become a top 5 country in the world in terms of crypto legislation, and the efforts have the “total support” of both President Volodymyr Zelenskyy and the government, according to a high-ranking Ukrainian government official.

“We are aiming for Ukraine to become one of the top 3-5 countries in the world with the best legislation for crypto,” said Alexander Bornyakov, Ukraine’s Deputy Minister of Digital Transformation.The deputy minister further said that the plan to place Ukraine among the leading countries in the world when it comes to crypto has the full support of the Ukrainian government.