Top Headlines
Tether Authorizes 1 Billion USDT on Ethereum (Not Yet Issued)
- Key Detail: Tether has authorized the minting of 1 billion USDT on Ethereum, though the tokens remain unissued as of now.
- Source: Paolo Ardoino (Tether CTO)
South Korea to Investigate Worldcoin’s Iris Data Collection
- Key Detail: Korea’s Personal Information Protection Commission announced plans to probe Worldcoin’s controversial iris-scanning practices.
- Source: Official Korean Government Portal
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Sui-Based Lending Protocol Scallop Raises $3 Million
- Key Detail: Scallop, a lending protocol in the Sui ecosystem, secured $3M in funding led by THE CMS and 6MV.
- Source: Scallop Official Twitter
Additional Updates
Regulatory Alerts
- Hong Kong SFC Warns Against Fraudulent Crypto Sites: The regulator flagged fake websites impersonating licensed platforms like OSL.
- FTX Claims Deadline: Creditors must submit claims by May 15 via PwC’s portal.
Ecosystem Developments
- Jupiter’s Pivot: The founder revealed plans to transition from a single-product DEX to a full-stack ecosystem.
- Tabi Testnet Launch: Modular gaming Layer1 Tabi debuted its testnet.
Binance Announcements
- PIXEL Airdrop: Binance will distribute Pixels (PIXEL) rewards to RONIN stakers.
FAQs
Q: Why did Tether authorize but not issue the 1B USDT?
A: Authorizations allow Tether to mint tokens efficiently based on market demand, reducing latency when issuance is required.
Q: What’s the concern around Worldcoin’s data collection?
A: Privacy watchdogs argue biometric data (like iris scans) risks misuse without robust safeguards.
Q: How does Scallop’s funding impact Sui?
A: The raise signals growing confidence in Sui’s DeFi potential, attracting liquidity and developers.
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Deep Dive: RWA and DeFi Trends
Galaxy Digital’s recent report highlights thriving activity in:
- Real-World Assets (RWA): Tokenization of bonds, commodities.
- Ethereum Layer2s: Scaling solutions driving lower fees.
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1. **Tether USDT**
2. **Worldcoin investigation**
3. **Scallop funding**
4. **Sui ecosystem**
5. **DeFi trends**
6. **RWA tokenization**
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