Top Stories

Blur NFT Lending Surpasses $16M in Loans, Led by Machi Big Brother

According to data sourced from user @beetle from Dune Dashboard, nonfungible tokens (NFT) marketplace Blur has facilitated 8,820 Ether (ETH), or roughly $16.37 million, in loans through its perpetual NFT lending protocol Blend one day after launch.

Sports Illustrated Launches NFT Ticketing Platform on Polygon

U.S. sports publication Sports Illustrated is launching a non-fungible token (NFT) ticketing platform built on the Polygon network, an Ethereum scaling tool.

Gemini Launches Derivative Platform in 30 Countries

Gemini has launched a non-U.S. derivatives platform —Gemini Foundation —in 30 countries, according to a May 2 statement.

Biden’s Bold Move: White House Wants Crypto Miners To Pay 30% Climate Change Tax

The Biden administration proposes a 30% tax on crypto miners to address climate change.

Coinbase Will Never Delist ETH as XRP, Top Lawyer States Why

Bill Morgan, a former SEC and securities attorney, believes Coinbase can never treat Ether (ETH) and/or Bitcoin (BTC) the same way it dealt with XRP when the U.S. SEC sued Ripple, claiming that the sixth-largest cryptocurrency by market capitalization is a security.

Market Watch 

As of press time, according to Cointime data:

BTC 's live price is $27,981.60 USD, dropped by 4.93% in the last 24 hours;

ETH’s live price is $1,823.47 USD, dropped by 3.80% in the last 24 hours;

BNB’s live price is $328.55 USD, dropped by 2.72% in the last 24 hours;

XRP's live price is $0.46 USD, dropped by 2.40% in the last 24 hours.

Fundraising News

Cosmos-Based Defi Protocol Nolus Raises 2.5M to Build the First Cross-Chain Defi Lease

Nolus, an interoperable application on Cosmos, has secured $2.5 million in pre-seed and seed funding to tackle inefficiencies in DeFi money markets.

New AI Crypto Coin yPredict Raises Nearly $500,000 in Presale - Here's How to Buy Early

New AI-based analysis platform yPredict has raised close to $500,000 in its presale, which has now entered its fourth stage out of eight.

Swords of Blood Raises $1.2 Million in Presale for Web3's Next Hit Hack-and-Slash Thriller

Swords of Blood raises $1.2 million in its second presale stage, offering SWDTKN for $0.07, the native token that powers the game's ecosystem on the Polygon network.

Entendre Finance Raises $4 Million in Seed Funding for Automated Web3 Accounting Solution

Entendre Finance, a NYC-based automated end-to-end accounting and bookkeeping solution for businesses operating in Web3, raised $4M in seed funding. The round was led by Basis Set with participation from Valhalla, Caffeinated, Moonpay, Alumni, MDig and Alpine.

Ark Invest Adds $8.4M in Coinbase Shares, Remains Bullish

Ark Invest, the U.S. investment management firm led by Cathie Wood, has acquired more Coinbase shares, adding 129,604 shares worth over $6.4 million to its Ark Innovation ETF. 

Statement: Fake news about Temasek's investment in Array

（Cointime）On May 2, Temasek, the Singaporean state-owned investment company, issued a statement denying reports that it had invested in Array, a technology company. The statement came after news articles and a tweet from Array claimed that Temasek had made an investment in the company.

a16z Urges UK to Take "Nuanced" Approach to Crypto Regulation as US Loses Edge

Crypto-focused division a16z of VC giant Andreessen Horowitz has urged the UK Treasury to take a more "nuanced" approach to regulating the crypto space, praising the country's "proportionate and focused, agile and flexible" regime.