5.12-5.13 Important Industry Dynamics

1. Mainstream Exchange Dynamics:

● None

2. Mainstream Project & Hot Event Dynamics:

● BounceBit will launch the mainnet on May 13, first open airdrop checks and open yield income, support staking and unstaking, and then distribute BB tokens.

● Harvest Global and China Asset Management are promoting the staking of ETF products in Hong Kong.

● The number of EIGEN token claim addresses has exceeded 110,000, and more than 47.77 million tokens have been claimed. Puffer Finance stated that on the EigenLayer re-staking page, the pledged EIGEN can be re-staking to the Puffer node.

● Linea announced that due to the discovery of some Sybil activities, it will suspend the distribution of LXP, and is working with PoH issuers and Verax to actively revoke the certification of Sybil addresses.

● zkSync: We are investigating the zkSync Sepolia testnet issue and will postpone the release of the mainnet v24 version.

● NFT project Pudgy Penguins said that Pudgy Toys toys have been listed on Target. Earlier news, Pudgy Toys will expand its cooperation with Walmart, add 1,100 new branches for sales, and launch new Walmart exclusive toys.

● Bryan Pellegrino, co-founder of LayerZero, said in the official Telegram channel: At least 30,000 people have revealed themselves as witches.

3. Financing information dynamics:

● One-stop liquidity aggregator 0xGen completed a strategic round of financing, with Bella Protocol (BEL) and Phoenix (PHB) participating.

4. Regulatory information dynamics:

● At the NFT event held in Florida, former US President Trump claimed to support cryptocurrency and criticized current President Biden and his administration.

● Turkey plans to formulate a new encryption law to align with international standards: Turkey is preparing to submit a new law to regulate crypto assets to parliament, aiming to align with international standards and reduce risks associated with cryptocurrency transactions. The Capital Markets Commission will implement strict supervision on the licensing and operation of crypto trading platforms.