Evmos co-founder sold large amounts of the project’s native token
Evmos Foundation, a Cosmos-backed blockchain, revealed that its former founder allegedly is planning to sell 500,000 EVMOS worth $70,000, through Osmosis, a decentralized exchange within the Cosmos ecosystem. This news has been confirmed via Mintscan on-chain data.
Fake AI-generated image of explosion near US Pentagon went viral
A fake image that appeared to show an explosion near the Pentagon briefly went viral on social media and left fact-checkers and the local fire service scrambling to counter the claim. It caused confusion and a temporary stock market sell-off.
Google-backed Anthropic successfully raised $ 450 million in series C round
Anthropic – an artificial intelligence startup – announced it has successfully raised $450 million in its series C round, led by Spark Capital, Google. , Salesforce Ventures, Sound Ventures and Zoom Ventures.
MULTI price fell deeply amid FUD
The token price of cross-chain router protocol Multichain (MULTI) has plummeted and is trading at $4.59 at the time of publication.
L2 Base is preparing for mainnet launch at the end of the year
L2 Base is planning for the mainnet launch. Currently, Base has created a testnet to build a layer 2 on Ethereum using Optimistic Rollup technology to reduce transaction fees and increase scalability. However, the testnet currently only connects to Ethereum’s Goerli testnet network, not to the mainnet instance.
Morgan DF Fintoch allegedly stolen user funds worth $31.6 million
The team behind Morgan DF Fintoch has likely exit scammed with 31.6 million USDT on BSC after the funds were bridged to multiple addresses on Tron Network and Ethereum.
Worldcoin team raised $115 million
Tools for Humanity, the team behind Worldcoin, raised $115 million in a C Series funding round, led by Blockchain Capital with participation from a16z, Bain Capital Crypto and Distributed Global. Worldcoin, a decentralized open source protocol, was co-founded by the CEO of OpenAI, Sam Altman.
Binance discontinues bridged token-based deposits over Multichain protocol problems
Binance has temporarily suspended deposits for 10 tokens due to Multichain protocol problems. The step affects users associated with BNB Smart Chain, Fantom, Ethereum and Avalanche blockchains.
Zhengzhou plans to launch a $8.5 billion fund to support metaverse
Zhengzhou City, the capital of Henan Province, China, announced a strategic plan to support metaverse companies operating within its jurisdiction. The government plans to launch a 10 billion yuan (~US$1.4 billion) fund for the metaverse industry. Zhengzhou also plans to team up with other government entities to expand the fund to a whopping 60 billion yuan (~$8.48 billion) in support of metaverse-related projects.
White House and Republicans reach tentative deal on U.S. debt ceiling
U.S. President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative deal to raise the federal government’s $31.4 trillion debt ceiling on May 27, ending a monthslong stalemate.
Hacker Tornado Cash offered control back to community
After seizing control of the governance structure behind the Tornado Cash protocol, an anonymous hacker suspiciously proposed to put everything back the way it was. Control goes back to the community, and most changes will be reverted but during the week the hacker had control, more than $1 million was plundered from the governance system.