06 May 202517:10
Project update
Crypto Events Recap, May 5-6

Crypto Events Recap, May 5-6

  • Binance announced the 69th project on its Launchpool: Space and Time (SXT), a Microsoft-backed blockchain for ZK-proven data. Binance will list SXT on May 8 at 1:00 PM UTC.
  • eToro is targeting a $4 billion valuation and a $500 million raise in its US IPO. The crypto and equities trading platform plans to offer 10 million shares in the offering.
  • IOTA has officially launched its Rebase Mainnet upgrade, delivering 50k+ TPS, 10–15 % APY staking rewards, MoveVM for L1 smart contracts, and support for over 150 validators.
  • Humanity Protocol announces the launch of Testnet Beta Phase 2, featuring the HP score, an upgraded dashboard, social credentials, and mobile palm scanning.
  • Chainlink is launching a community rewards program for eligible node operators and stakers, starting with a 200 million SXT token distribution from the decentralized data platform Space and Time.
  • Tether’s CEO announced an upcoming launch of Tether AI, an open-source AI runtime that runs on any hardware and integrates crypto payments.
  • Ethena’s USDe is now live on HyperliquidX and HyperEVM. Users can bridge USDe to HyperEVM via Stargate, powered by LayerZero.
  • U.S. spot Bitcoin ETFs saw $1.8 billion in weekly inflows, extending their positive streak from the previous week’s $3.06 billion.
  • Solana Name Service launches SNS token, allocating 40% of the supply to early and new supporters.
  • Bitcoin community split over OP_Return limit removal plan from Core developers.
  • Standard Chartered says BNB price could hit $2,775 by 2028, a gain of over 360%.
  • Asset manager VanEck has become the first to file for a BNB ETF in the U.S.

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