DeFining news: May 5th, 2023 📢

▪️SUI token dropped 70% from its launch this week.

▪️Bitcoin fees are hitting multi-year highs, txs hit a record high, and BTC.b is unseating WBTC in “bitcoinlike” token popularity.

▪️Ethereum’s Dencun update is in the final stages of planning.

▪️The US White House wants to develop international standards for distributed ledger technology (DLT).

▪️Montana’s governor signed a pro-crypto mining bill into law.

▪️TUSD briefly depegged by going up by 20 cents.

▪️Curve, deployed the crvUSD stablecoin on Ethereum.

▪️Lens, unveiled “Momoka” — its Layer 3 solution for off-chain storage.

▪️Franklin Templeton (part of a $1.4 trillion global investment firm) has opened a stablecoin fund on Polygon.

📖For more details, see the full digest 👉 here