08 May 202516:35
Project update
Crypto Events Recap, May 7-8

Crypto Events Recap, May 7-8

  • Ethereum developers have activated the Pectra upgrade, the network’s most significant update since the 2022 Merge. It delivers improved UX, enhanced validator operations & L2 scaling capabilities.
  • 98.6% of tokens launched on Pump.fun were classified as rug pulls or pump-and-dump schemes, according to a Solidus Labs report exposing widespread fraud on the Solana blockchain.
  • Fueled by Binance incentives and airdrops, Binance Alpha 2.0 hit a record $386 million in trading volume on May 7, bringing its cumulative volume to $3 billion. 
  • Stripe now supports USDC, USDB, and other USD stablecoins for businesses in 101 countries to receive and pay funds, hold balances, and conduct global transfers.
  • Unichain has overtaken Ethereum to become the leading chain for Uniswap v4, capturing a 50% market share due to its incentive campaign.
  • Coinbase to acquire Deribit, the world’s largest Bitcoin and Ether options trading platform, for approximately $2.9 billion.
  • Arbitrum DAO has approved a 35 million ARB allocation to tokenized U.S. Treasuries from Franklin Templeton, Spiko, and WisdomTree.
  • AneeMate officially launches on Epik Games Store and kicks off an exclusive rewards bundle for Pre-Alpha users.
  • World Liberty Financial has launched a new snapshot vote to airdrop USD1 to all eligible WLFI holders.
  • Sei community weighs proposal to deprecate native Cosmos accounts, move to EVM-only model.
  • IOTA launched the first liquid staking protocol on Mainnet - Swirl, boosting liquidity for its DeFi.
  • Sophon has announced the launch of its unified rewards system, dubbed Sophon+.
  • Particle Network (PARTI) has been listed on South Korean major exchange Bithumb. 
  • Vaulta (formerly EOS) announced that EOS tokens will migrate to A at a 1:1 ratio on May 14.
  • Fintech firm Revolut partners with Lightspark to streamline Bitcoin transactions.
  • Gas fees on BNB Chain have been cut by 90%, now just 0.1 Gwei.