Daily Crypto NewsEDITION #314, 02 June 2022

Gem City against insider trading

Hey Moni Maker 👾

Today the Gem Police once again caught the hand of another insider trader. This trader knew precisely which NFT collections would be placed on billboards in the Gem City metaverse, so he bought them before they were placed.

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1) https://rift.finance/

Lets goh. Muon is the kind of project that allows you to run any web2/web3 application off-chain, on-chain or cross-chain. That is, Muon is a base layer that connects the protocols, enabling blockchain interoperability. A kind of DeFi-ecosystem: agile, fast and reliable. So what? Let's provide some examples.  

For the user: it works like Amazon Web Services (AWS) in a decentralised world. All the verification and other stuff are secure; dapps and blockchains work correctly. 

For the dev: Muon acts as the decentralised CPU & RAM of a decentralised economy. And blockchain can be compared to ROM. 

You can DYOR the project itself with the link.

DAO Maker Launchpad has thrown 420,000 DAO tokens into its Venture Yield rewards pool, which positively impacts APR.

The DAO tokens placed in the pool come from the secondary market due to reduced turnover. The reduction comes at the expense of SHO winners. 

Since the advent of Venture Yield, the number of locked DAO tokens is only increasing. Because takers are interested in locking tokens after the period ends, they get the unlocks of the SHOs they win.

In short, gut watching. And you check more here.

The former head of OpenSea's product division could go to jail for insider trading in the NFT. Let's find out what the trickster was up to.

Our con-man by the name of Nathaniel Chastain was caught on Wednesday morning in the glorious city of New York, in the state of New York, and is soon to appear in the US District Court. Nathaniel used confidential information to enrich himself for personal gain, according to the charges. Well, he knew which NFTs would be on the main pages and quietly bribed them, loool. And he's facing up to 20 years!

The case has been dragging on since 2021 - we wrote about it...ugh, a relapse of a mint insider!

The month of May turned out to be a very frustrating one for the DeFi segment. According to DeFi Lama, the total value of blocked funds (TVL) fell by more than 40% to $111.4 billion for the month.
  

The main reason, of course, was the collapse of Terra and UST, taking $28,000,000,000 from the markets. The Ethereum network also lost almost $40,000,000,000, Avalanche lost $5,000,000,000, Binance Smart Chain $3,000,000,000.
  

At the same time, Tron's TVL rose 43%, making it third among protocols in terms of the amount of money tied up in them, according to DeFi Lama.  

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