Pantera's Investment in the TON Blockchain May Exceed $250 Million | Cryptocurrency Trends

1. Mainstream Exchange Trends:

• Binance and KuCoin register with the Financial Intelligence Unit - India (FIU-IND), which falls under the Ministry of Finance. This is the first time that the country's AML regulator has approved a foreign crypto entity. KuCoin paid a fine of $41,000, while Binance's fine was determined after a hearing with the FIU-IND.

2. Cryptocurrency Trends:

• LayerZero publishes the Protocol RFP proposal, which outlines the first step for TGE allocation.
• EigenLayer: Season 1 issues 130 million EIGEN to users, while staking volume has reached 9 million.
• Merlin Chain announces that all Merlin's Seal assets (BTC, Bitmap, BRC-20, BRC-420, ORDI-NFT, USDT, USDC, and ETH) can be unstaked.
• Bitmain announces a partnership with the CKB Eco Fund to enhance the security and decentralization of CKB mining power.
• Pantera's investment in the TON blockchain may exceed $250 million.
• Ethena unveils its 2024 roadmap to reshape and drive the convergence of DeFi, CeFi, and TradFi, connecting them through USDe.

3. Financing Trends:

• BAC Games, a Web3 game in the Blast ecosystem, raises $1.5 million in seed round funding with participation from Hash Global, Matr1x, GateLabs, Stratified Capital, W Labs, Nothing Research, and others.

4. Regulatory Trends:

• The U.S. Congress may vote by the end of May on new crypto industry legislation to provide a clear regulatory framework for digital assets and address long-standing market oversight and consumer protection concerns.
• South Korea's Financial Supervisory Service (FSS) confirms the inclusion of token delisting criteria in the Act on the Protection of Virtual Asset Users issued in early June.