Lens Protocol is a decentralized social graph that allows developers to build web3 social media platforms on the Polygon network. Using Lens, users can mint a profile, follow others, and create and collect posts all on-chain.

Cryptocurrency miners continue to pump computing power into the Ethereum and Bitcoin networks despite their tokens’ recent price drop.

ConsenSys founder Joe Lubin emphasizes Eth2 scalability ahead of the first chain-merge on a public testnet planned for June 8.

The world’s largest US dollar stablecoin, Tether (USDT), today announced its first attestation report in six months. The report disclosed that Tether had decreased its commercial paper holdings – short-term commercial debt – by 17% from December 2021 through March 2022, from $24.2B to $20.1B. Tether said it has decreased its commercial paper holdings by…

Accounting firm Ernst & Young and Ethereum scaling company Polygon has launched the mainnet beta of its rollup for businesses, Nightfall. Ernst & Young (EY), one of the ‘Big Four’ financial services behemoths, started work on Nightfall in 2019 to make its customers’ Ethereum transactions private. But the company was so swamped by Ethereum’s high…

South Korean authorities have formed an emergency financial crimes unit to investigate the collapse of stablecoin protocol Terra, and fined the protocol’s founder, Do Kwon, $78M for tax evasion, local media reported. The government agencies want to understand why UST, Terra’s US dollar stablecoin, lost its peg on May 9. The crash wiped $18 billion…

Traders have taken advantage of the Fantom-based lending protocol having hard-coded fUSD and DEI at $1 despite the tokens trading below their pegs. 

Trends in Fashion NFTs and the Metaverse.

The market capitalization of dollar-pegged stablecoins has dropped by $25B in the wake of Terra's collapse.