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Finance Redefined: Number of DAOs surge, Solana launches $100M DeFi fund
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The past week in DeFi saw the launch of another $100M fund by Solana and the number of DAOs surged over 8X with increased protocol activity.

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Circle to acquire Web3 platform Cybavo, bolstering its stablecoin adoption
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Circle and CYBAVO intend to further promote the adoption of USD Coin and Web3 applications while integrating technology deeply into their core product suite.

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Do Kwon’s alleged $80 million withdrawals before Terra fallout triggers mixed reactions
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Analyst Michaël van de Poppe said that the Terra founder deserves jail, comparing Kwon to fraudster Bernie Madoff, who was jailed after running a Ponzi scheme.

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Jack Dorsey is building ‘Web5’ powered by Bitcoin
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Block Inc. is looking to bypass Web3 entirely and focus on a new Bitcoin-centric model for identity management.

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MoneyGram’s USDC transfer service launches in several countries
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The payment service, which is powered by the Stellar blockchain, will enable USDC settlement with MoneyGram in “near-real-time.”

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Price analysis 6/10: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, AVAX, SHIB
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BTC and altcoins are on the verge of falling below critical support levels, and June 10’s higher-than-expected CPI report isn’t helping.

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CZ visits Palau to kick off BNB Chain-supported ID NFTs for digital residency program
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The tiny country introduced its digital residency program at the beginning of the year in the hope that it will help to retain the youthful population and ...

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Huobi Global launches $1B investment arm focused on DeFi and Web3
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The bear market in crypto hasn’t deterred venture capital firms from investing heavily in blockchain and Web3 projects.

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Ethereum eyes fresh yearly lows vs. Bitcoin as bulls snub successful ‘Merge’ rehearsal
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ETH price could drop by another 25% this month, a mix of technical and fundamental indicators suggest.

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Bitcoin price falls under $29.5K after ‘unexpected’ 40-year high US inflation
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The ghost of the highest inflation since 1981 gets traders pricing in three more 0.5% rate hikes by October.

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NFT holders can earn millions through IP rights, says Apocalyptic Apes founder
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Bill Starkov, the founder of Apocalyptic Apes, said that holders can earn a lot of money by licensing their nonfungible tokens.

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