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Hashdex Pulls Application for Spot Ether ETF Hashdex has withdrawn its application for a spot Ether ETF, according to a May 28 SEC filing. The proposal for the Hashdex Nasdaq Ethereum ETF was pulled on May 24, just a day after eight similar products were approved. The reasons for the withdrawal are unclear, and it's uncertain if Hashdex will resubmit the proposal.

Orbs L3 taps SYMMIO and IntentX for better on-chain perps Orbs, a layer-3 liquidity protocol, has launched its Perpetual Hub to enhance the on-chain futures experience for leverage traders in collaboration with SYMMIO and IntentX. Defi perpetual futures providers typically use an order book as a liquidity mechanism to facilitate token swaps and bootstrap trading. While this method has allowed investors to participate in decentralized perpetuals, many industry experts argue that it lacks capital efficiency for the $3.4 billion locked in on-chain derivatives, according to DefiLlama.

ZKasino Offers Investors 72-Hour Window to Retrieve Deposited ETH ❤️ ZKasino has initiated a 72-hour "2-step bridge back process" to return funds to investors after allegations of a $33 million "rug pull." Investors can sign up to bridge back their ETH at a 1:1 ratio.

Join Waterfall @waterfall_network  - the most decentralized BlockDAG protocol currently available 🚀 Become a pro before our launch by setting up a test node. After our mainnet launch, you’ll be ready to set up your Waterfall node and start earning rewards: https://docs.waterfall.network/tutorials/setup-native-node-app-testnet8/  🔔Follow us on social media: Coinmarketcap: https://coinmarketcap.com/community/profile/waterfall_network/ Twitter: https://twitter.com/waterfall_dag   Discord: https://discord.gg/Nwb8aR2XvR

Decentralized AI protocol GaiaNet bags $10m from investors Decentralized AI developer GaiaNet challenges the centralized artificial intelligence status quo by leveraging blockchain tech for a new paradigm. Decentralized AI provider GaiaNet has secured $10 million in funding to build its blockchain optimized for large language models and generative software. The funds will support the development of a decentralized network of edge nodes managed by private individuals and businesses, democratizing artificial intelligence tools to offer a more inclusive alternative to existing giants like Google. GaiaNet CEO Matt Wright remarked that the company hopes to “redefine the way humans and AI engage to enable sovereign infrastructure” for handling artificial intelligence.

Elon Musk’s xAI Secures $6B Funding from Valor, a16z, and Sequoia 🤯 Elon Musk's AI startup, xAI, has raised $6 billion in a Series B funding round, valuing the company at $18 billion pre-money. The round included investors like Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity, Prince Alwaleed Bin Talal, and Kingdom Holding.

Trump pledges support for Silk Road convict while calling for more US crypto adoption Ulbricht received a life sentence in 2015 for running Silk Road. The marketplace, from 2011 to 2013, allowed users to buy illegal drugs and hacking tools using Bitcoin and other virtual currencies. Ulbricht is currently serving a life sentence for his role in operating the platform. Trump has vowed to aid Ulbricht as part of his campaign to appeal to Libertarian voters, who have long advocated for Ulbricht’s release and view his case as an example of government overreach. The quadruple-indicted GOP candidate’s newfound endorsement of “all things related to” the cryptocurrency industry marks a shift from his previous skepticism.

Dogecoin Price Spikes and Falls Following Kabosu's Death and Elon Musk's Tweet 💸 Dogecoin's price spiked twice following the death of Kabosu, the Shiba Inu behind the meme. The first increase occurred after the news broke and Dogecoin's official account honored her. The second spike happened after Elon Musk tweeted a tribute to Kabosu.

$2.7 Billion worth Bitcoin and Ether Options Set to Expire on 24 May ⚡️ Approximately $2.7 billion in Bitcoin and Ether options are set to expire on May 24, providing insights into market sentiment. Greeks.live reports 21,000 Bitcoin options expiring with a put/call ratio of 0.88, indicating a near balance with a slight preference for calls. The maximum pain point is $67,000, affecting $1.4 billion in options. A larger expiration event is expected on May 31, with $4.3 billion worth of options expiring, according to Deribit.

MetaMask Plans to Add Bitcoin Support: Report 🔥 MetaMask plans to add Bitcoin support within a month, expanding its current support beyond Ethereum and EVM-compatible networks. The wallet, which had 22 million downloads in August 2023, recently introduced features like Blockaid-based security alerts and Ethereum validator staking.