Bitcoin is down 1% at $29,845
Ethereum is down 1% at $2028
and Binance Coin is down .5% at $299

Luna Foundation Guard publishes detailed breakdown of the 3B in funds they spent trying to defend the UST peg & Luna.

Grayscale investments is set to list its first ETF in Europe.

President Nayib Bukele of El Salvador says 44 countries will visit El Salvador to discuss Bitcoin.

The CEO of the EminiFX trading platform arrested by FBI, charged with fraud.

Links:

• CEO Of Cryptocurrency And Forex Trading Platform Charged With Fraudulent Scheme Involving Over $59 Million | USAO-SDNY | Department of Justice
• LFG | Luna Foundation Guard on Twitter: "1/ As of Saturday, May 7, 2022, the Luna Foundation Guard held a reserve consisting of the following assets: · 80,394 $BTC · 39,914 $BNB · 26,281,671 $USDT · 23,555,590 $USDC · 1,973,554 $AVAX · 697,344 $UST · 1,691,261 $LUNA" / Twitter
• Nayib Bukele on Twitter: "Tomorrow, 32 central banks and 12 financial authorities (44 countries) will meet in El Salvador to discuss financial inclusion, digital economy, banking the unbanked, the #Bitcoin rollout and its benefits in our country." / Twitter
• Grayscale Investments Lists First ETF in Europe
• Binance's LUNA investment, which peaked at $1.6 billion, now worth just $3,000

Bitcoin is up 1% at $30,638
Ethereum is up 1.5% at $2116
and Binance Coin is up 1% at $308

Cardano up 30%
Solana up 24%
XRP up 23%

Terra halts for 9 hours. Luna and UST hit lows — delisted by some major exchanges.

QuickNode acquires NFT analytics platform Icy Tools.

Links:

• LEADING BLOCKCHAIN INFRASTRUCTURE PROVIDER QUICKNODE ACQUIRES LEADING NFT ANALYTICS PLATFORM ICY.TOOLS
• Celsius pulled half a billion dollars out of Anchor Protocol amid Terra chaos

Bitcoin is up slightly at $40,470
Ethereum is up slightly at $3,045
and Binance Coin is down slightly at $416

Tornado Cash to block sanctioned addresses.

President Biden nominates former Ripple advisor Michael Barr as Fed regulator.

Terraform labs has given $820M in Luna tokens to the Luna Foundation Guard.

Emirates plans NFTs and expanded activity in metaverse

Links:

• Emirates to launch NFTs and experiences in the metaverse
• Terra (UST) 🌍 Powered by LUNA 🌕 on Twitter: "TFL has gifted an additional 10 million $LUNA to the @LFG_org. https://t.co/tNirkgGGm0" / Twitter
• Statement from President Biden on His Intent to Nominate Michael Barr to Serve as Vice Chair for Supervision of the Federal Reserve | The White House
• Ethereum mixer Tornado Cash blocks sanctioned addresses from its frontend

Bitcoin is up slightly at $46,435
Ethereum is up slightly at $3,412
and Cardano is down slightly at $2.49

Tezos up 30%
Luna up 28%
Avalanche up 15%

Mastercard acquires crypto tracing firm ciphertrace

A bug on OpenSea destroys $100k worth of NFTs.

Steph Curry joins Tom Brady as an FTX ambassador.

La Liga partners with Sorare as first top soccer league to offer NFTs of all the players.

The Algorand foundation launches $300M DeFi innovation fund

Links:

• OpenSea bug destroys $100,000 worth of NFTs, including historical ENS name
• CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
• LaLiga partners with Sorare to enter the world of NFTs
• Mastercard Acquires CipherTrace to Enhance Crypto Capabilities | Business Wire
• Algorand Foundation Launches $300 Million USD Viridis Fund to Support DeFi Innovation | Algorand Foundation