08 May 202516:35
Project update
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.
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