Bitcoin is up 1% at $29,402
Ethereum is up 1% at $1953
and Binance Coin is up 1% at $299

A16z launches a $600M fund focused on the gaming industry.

UST bag holders and cash-outs come forward.

South Korea re-instates "Grim Reaper" Financial Crimes unit to look at Terraform Labs.

Miners in new York state face down regulatory uncertainty.

Links:

• GAMES FUND ONE: Building the Future of Games | Andreessen Horowitz
• GameFi firm Azra Games raises $15 million in seed funding led by a16z
• Joey Krug on Twitter: "@fintechfrank We managed that position down over time as it became increasingly profitable/large, in order to maintain a diversified portfolio. We initially invested in LUNA because of the progress we saw in developer adoption, the payments usage, and the broader ecosystem being built on Terra" / Twitter
• [단독] 한동훈이 되살린 '여의도 저승사자' 1호 수사 루나 | SBS 뉴스
• New York Bitcoin Miners Start to Give Up on State Amid Regulatory Uncertainty
• Learnings From Last Week - Delphi Digital

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 down .5% at $31,627
Ethereum is down 1% at $2,417
and Binance Coin is down 1% at $306

UST falls to record lows among wider market fall — Luna plunges.

a16z backs co:create

Bitcoin is up .5% at $31,633
Ethereum is up slightly at $2,403
and Binance Coin is down slightly at $325

UST depegs to record lows — recovers.

El Salvador buys 500 more BTC.

Arianee raises $21M to bring luxury NFTs into the metaverse

Azuki founder Zagabond tweets about other project history.

Chile says digital peso would need to work offline

Bitcoin is up .5% at $32,961
Ethereum is up 1% at $2,398
and Binance Coin is up 1% at $331

Stablecoin UST briefly loses peg over weekend.

Bankless Crypto has been banned from YouTube without notice.

India’s GST Council mulls proposal to impose 28% tax on all crypto

UK police say crypto muggings are on the rise.

Links:

• Gst Council To Consider Levying 28% Gst On Cryptocurrencies
• ‘Crypto muggings’: thieves in London target digital investors by taking phones | Cryptocurrencies | The Guardian
• Luna Foundation Guard says it will lend out $1.5 billion in BTC and UST to defend stablecoin peg
• Bankless 🏴 the UNBANNED on Twitter: "🚨🚨🚨 The Bankless @YouTube account 'has been terminated' 🪓 No warning. No notification. No justification 150,000 subs 10,000+ hours of content Hey @YouTube, our community would like a word! RETWEET to let YouTube hear you: It’s not okay to ban crypto content https://t.co/MJQ4MGwtYD" / Twitter

Bitcoin is up slightly at $40,907
Ethereum is up slightly at $3,059
and Binance Coin is down 1% at $418

CoinDCX has raised 135M in a series D

Bitfinex suspends trading after users report issues.

The Sandbox wants 400M at a 4B valuation.

Moonbirds' buzzy debut.

UST rises to third position for stablecoins.

Links:

• CoinDCX raises $135 million, now valued at $2.15 billion
• Bitfinex on Twitter: "We are investigating issues with the platform and have to temporarily halt trading. We will keep everyone updated on here and our status page https://t.co/82DW9ZUwkC as we know more. We apologise for the inconvenience." / Twitter
• SoftBank-Backed Game Platform Sandbox Seeks Funds at $4 Billion Value: Sources - Bloomberg
• Terra’s LUNA Surges 17% as UST Becomes Third Largest Stablecoin
• Moonbirds: The official PROOF PFP