Top Stories

Bitcoin : Bitcoin miners collected the highest amount of transaction fee revenue in over two years in May. Transaction fees accounted for 14.3% of mining revenue, an 11% increase from April. This surge was driven by the rise of Ordinals, on-chain artworks tied to satoshis (link)

Reddit NFTs : Reddit has achieved $32 million in NFT sales and gained 10 million holders since Web3 launch. To mark their one-year anniversary in Web3, they partnered with Ubisoft and released the Rabbids NFT collection (link)

Do Kwon : Terraform Labs co-founder Do Kwon's detention in Montenegro has been extended after bail was revoked due to a high court decision. The court found that the lower court didn't properly evaluate the value of Kwon's property. (link)

Celsius Network : crypto consortium Fahrenheit acquires assets of bankrupt Celsius Network, including loan portfolio and crypto investments. Deal includes substantial liquid cryptocurrency and Bitcoin mining facilities. Celsius Network sees it as a positive outcome and path to exit bankruptcy. (link)

Monaco Formula One Grand Prix : NFT ticketing system launches at Monaco Formula One Grand Prix, providing fans with unique digital tickets on the Polygon blockchain. The partnership aims to enhance authenticity and offer future benefits. Crypto's presence in Formula One continues to grow. (link)

Web3 gaming

Decentraland : is organizing a larger and more inclusive Metaverse Pride event for 2023, celebrating the LGBTQIA+ community. The event will feature a virtual oasis, music performances, a parade, educational experiences, and safe spaces for participants (link)

God’s Unchained : top blockchain game Gods Unchained plans to launch a mobile version for Apple and Android devices to reach a wider player base and facilitate trading of in-app digital assets. The move aims to eliminate friction in blockchain gaming and tap into the lucrative mobile gaming market (link)

Star Atlas : is set to release Showroom R2.1 on June 1st. This update brings new flyable ships and a jetpack for enhanced gameplay and exploration in the Star Atlas universe. Get ready for a thrilling and agile experience in the vastness of space (link)

Farcana : the 3rd person team-arena shooter with in game bitcoin rewards officially opened its playtest signups. The playtest will take place from June 8 to June 11, spanning over 4 days. Everyone who registers will gain a FREE NFT to compete, with a chance to win a share of the $30,000 prize pool (link)

Traditional game studios : major game publishers, including Square Enix, Nexon, Krafton, Zynga, Ubisoft, NCSoft, Com2us, and Wemade, are actively exploring and venturing into the world of Web3 and NFTs (link)

NFTs

Blend : Blur's NFT lending protocol achieved an all-time high (ATH) in daily volume, with over 14.5K ETH (approximately $27.6M) in a single day. This marks the 14th consecutive day with over 10K ETH in daily volume for the lending protocol. (link)

Space Pepes : Bitcoin-based "Space Pepes" collection leads in weekly NFT trading volumes, surpassing Ethereum-based collections like Bored Apes Yacht Club. Bitcoin NFTs have generated $167 million in trading volumes in the past 30 days, outperforming Solana-based NFTs (link)

Mercedes Benz's Web3 arm, Mercedes-Benz NXT, is collaborating with digital art community Fingerprints DAO and artist Harm van den Dorpel to release a generative art NFT collection titled "Maschine." The collection draws inspiration from automotive concepts and features 1,000 unique Ethereum-based tokens (link)

Nike's NFT sneaker sale on the .SWOOSH platform has surpassed $1 million in sales despite delays and technical issues. Over 66,000 NFTs have been sold. The sale is ongoing until June 1 (link)

Brave browser : integrates NFTs for token-gated video calls, allowing hosts to manage access. Users with a premium subscription and Web3 wallet can participate. Brave aims to create a fully integrated Web3 live event platform (link)

Defi

Tornado Cash's governance token holders are set to regain control over the protocol, thanks to an unexpected proposal from the attacker. The community approved the proposal, allowing them to steer the protocol towards recovery and improved security (link)

Circle : Circle has launched its Euro Coin stablecoin on the Avalanche network, expanding its availability beyond Ethereum. This move meets the demand for diverse stablecoins on multiple blockchains. (link)

Symbiosis : a cross-chain liquidity protocol, integrates Arbitrum Nova for faster, cost-effective token swaps in DeFi. Users can easily swap tokens across blockchains with competitive rates. Exercise due diligence as Symbiosis does not provide financial advice (link)

Regulations : The EU’s financial stability watchdog expresses concerns about risks posed by smart contracts, high leverage, crypto staking and lending calling for new regulations to address them. (link)

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