Daily Crypto NewsEDITION #300, 12 May 2022

Gem City saves Stablecoins

Hey Moni Maker 👾

Today the Gem City DAO has released a new proposal to save ALL stablecoins. Recall that the DAO recently proposed tying stablecoins to Gems. The new proposal contains a new tactic - tying stablecoins to the activity of Gem Hunters.

Follow our Telegram and Twitter to all stablecoins would survive! And remember...

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 Ondo Finance на Coinlist сейл 17:00 UTC

1) https://rift.finance/

OK, social media user, keep your ears peeled. Lens Protocol is a social Web3 graph that lives on Polygon. Its mores and whims are designed to keep you untethered to a particular social network. In other words, you can create an NFT profile that will be able to transfer data, content and all the other stuff from one social network to another one that the developers build. 

The guys were happy to announce recently that 500+ users actively participated in the project with feedback and help\.

DYOR? Do it here! 

DAO Aurora has approved a new contract for the AURORA staking, so what? Here's the story.

To secure the launch of decentralised management and provide long-term holders' rewards contract itself had to be approved. Now the token holders will be awarded in AURORA tokens and will have the right to vote.

Once deposited in the staking, you will be rewarded with AURORA auto compounding + tokens from other projects. Looks good! DYOR, the link is here.

The crypto streets are screaming about the USDT unpeg. Well, USDT is Tether's stablecoin pegged to the dollar. 

So yesterday, it started to falter, and today it lost 5% of its value, dropping to $0.95 apiece. 

What to do?!  

- Don't panic. USDT has been through worse times, full of FUD and litigation

- We don't advise anything, but you always have BUSD and USDC :) 

Don't know about Realis? They're the kind of dudes who make mobile P2E games. And they run weekly giveaways! Let's consider. 

You play Legends of Listeria; you win cups. You reply with a screenshot of the results to Realis tweets. On Sundays, you draw 777.7 LIS tokens. It's the best on the bear, isn't it? 

Questions? Go here - @RealisENG

US adult exchange Coinbase, the post-IPO adult exchange, has released a quarterly report. In addition to the New York Attorney, it is also being closely watched by the crypto public and investors, ofc. Let's take a look!

- The company's shares have gone into a 70% dump since March 

- Revenue down 27% year-on-year 

- Net loss was $430,000,000 in the first quarter

- Trading volume dropped from $574b to $309b

However, the exchange management doesn't care much and reports that crypto is a long term asset and should be considered due to its high volatility. 

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