Crypto News Flash

FTX founder SBF said on social media that LUNA is a case of popular enthusiasm and excitement. Marketing and Meme drive people to believe something false, but this is not the same as Theranos, the blood testing company founded by the female version of Jobs Elizabeth Holmes. Defrauding investors is not the same.

SBF said that LUNA/UST is bad, but its mechanism is very transparent and has not been misinterpreted. Do Kwon does not claim that UST is backed 1:1 by the US dollar, and clearly states that UST is backed by a bunch of volatile assets.

In addition, the SBF also emphasizes that most bad investments are not Ponzi schemes, some are fraud, some are bad luck, and some are in between. Investments that have lost more than 50% since the beginning of the year: Netflix, LUNA, AMC, and the ARK Innovation ETF (ARKK).

RaceNetwork, the BNBChain infrastructure service platform, will be issued at 21:30 on May 15 (UTC+8) using the Mint coinage mechanism to complete the construction of the complete structure of the first version of the product, that is, the total amount of market participation funds determines the sale price.

It is reported that the prediction game and mining functions have been launched. Single-coin mining will mine BNB, and DAO, SwapDEX and other functions will be opened in succession. Certik information shows that Race has passed its security audit.

The Estonian Financial Intelligence Unit has issued a license to MERIT to provide virtual asset services, and MeritFi, an Estonian entity nature organization, will launch the Nature Token, an economic model that connects the economy with nature.

The license is issued under the Estonian Anti-Money Laundering and Terrorist Financing Prevention Act, which sets out the regulatory framework for combating financial crime.

Japanese venture capital firm Skyland Ventures (SV) has announced the launch of SV4 Fund, a new $40 million seed venture capital fund focused on Web3.

On the basis of continuing its extensive investment in Internet companies in the past, SV4 Fund will also actively invest in global startups in the field of Web3 (cryptocurrency, NFT, blockchain) in the form of equity and Token.

Ethereum core developer TimBeiko once again stated that the Ropsten testnet is expected to merge around June 8, and two new beacon chains will be launched before that.

A client release is expected in about two weeks, along with information on what stakers, node operators, tooling/infrastructure providers need to do for the upgrade.