GM 👋 Welcome to Seedphrase, the only place where 'buying the dip' is both financial advice and a delicious snack suggestion.

📓 Today’s Agenda:

• 📉 Crypto Stories From The Week

• 💰Biggest Crypto Funding Rounds

• 🖼 Hot NFT Headlines

📉  CRYPTO HEADLINES

• Coinbase and several crypto groups are joining forces to challenge the SEC's approach to regulating the digital assets sector. They argue that the SEC's insistence on treating cryptocurrencies like traditional securities is hindering the industry's growth and causing confusion - Check it Out
  

• Goldman Sachs, Microsoft, and several other finance and tech firms are collaborating on the development of a new blockchain network called Canton Network. The network, set to launch after testing in July, aims to provide improved privacy and controls, particularly suited for financial institutions. Other notable firms involved in the project include Digital Asset, ASX, BNP Paribas, and Moody's, among others - Take a Look
  

• On May 11, Milady ($LADYS), a memecoin associated with the Milady NFT collection, experienced a significant surge of over 5,250% within 24 hours following a meme tweet by Elon Musk featuring a Milady NFT - Learn More
  

• Binance has launched Capital Connect, a platform designed to connect institutional investors with crypto investment fund managers. Initially available to Binance VIP-level users, the platform provides information on fund assets under management, performance records, and minimum investment amounts - Read more
  

• Leaked Documents from the Democratic party reveal their support for the Securities and Exchange Commission (SEC) to be the primary regulator of the crypto industry. The documents also dismiss Republican calls for regulatory clarity, claiming that non-compliance with existing laws is the main issue - Learn more
  

• Bitcoin and Ether declined as news broke that institutional liquidity providers Jane Street and Jump Crypto are scaling back their crypto-trading businesses in the United States. The move comes amidst increasing regulatory scrutiny in the country, which signals the potential for further price drops - Learn More
  

• $PEPE investors have launched a Twitter campaign against Coinbase after the exchange's newsletter warned about the token's volatility and association with the alt-right. The backlash led to the trending hashtag #DeleteCoinbase on Twitter, with users threatening to switch to other exchanges. As a result, Coinbase's Chief Legal Officer, Paul Grewal, responded to the criticism on Twitter, and the newsletter post was edited to remove references to Pepe's alt-right association - Learn More

💰 FRIDAY FUNDING

• Webb Protocol Raises $7M in a seed funding round co-led by Polychain Capital and Lemniscap. Webb aims to establish a new privacy standard for cross-chain applications by leveraging zero-knowledge proofs and plans to introduce a cross-chain messaging system for data testing within the platform. The funding will be used to expand the team and accelerate the development of privacy-oriented tools - Learn More
  

• Pudgy Penguins Raised $9M in a seed funding round led by 1kx and will use the funds to scale its intellectual property and team. Despite the overall decline in the NFT market, Pudgy Penguins has seen significant growth, launching physical toy projects, expanding its advisory board, and partnering with Hollywood talent agency WME - Learn More
  

• Odsy Network Raises $7.5M at $250M Valuation led by Blockchange Ventures with the participation of Rubik Ventures, Node Capital, and FalconX. The newly raised capital will fund the development of decentralized crypto wallets with the purpose of mitigating the requirement for users to have multiple wallets to access different networks and applications - Learn More

🖼 NFTS

• Blur has added DeGods as one of the four projects eligible for lending on Blend alongside Azuki, CryptoPunks, and Milady Maker. You can now borrow up to 7.6 ETH using your DeGod or buy a new DeGod with only 1 ETH - Take a Look
  

• 0N1 has launched Franchise, R0N1N, and World Club applications to support community creators and businesses. Franchise is for PFP holders who want support in the form of asset production for their PFP. R0NIN is for those who want to represent the 0N1 Force brand and develop a business with them. 0N1 Word is a system for organizing Clubs comparable to the sub-communities - Learn More
  

• Binance NFT has announced it will soon have support for Bitcoin Orindal NFTs. This will be the 4th chain supported on the platform after BNB, Ethereum, and Polygon. Register now to participate in a special registration event to enjoy an array of exclusive benefits, including Whitelist and Airdrop opportunities - Learn More
  

• MicroStrategy Co-founder Michael Saylor explained why Ordinals are valuable to the Bitcoin network in a recent interview on PBD Podcast. His main point highlighted the recent migration of crypto development energy from the other cryptos to Bitcoin, furthering Bitcoin as the most secure computer network in the world - Learn More
  

• NFT Inspect has announced its partnership with Polygon to accelerate the NFT ecosystem and community growth by integrating Polygon-based NFTs into its platform. This is now the third Blockchain NFT inspect supports behind Ethereum and Solana and is the first of many deployments for Inspect 2.0 - Take a Look
  

• $PEPE has partnered with OpenSea Pro, allowing its users to buy or sell NFTs with PEPE coins. This partnership is a significant development for the PEPE community, as it provides additional usefulness to the project and demonstrates its real-world applications. However, there was some controversy around this decision, as many saw it as OpenSea attempting to take advantage of traders and their profits. - Learn More
  

• Milady Maker pumps over 100% in a matter of minutes after Elon Musk posted an image of a Milday Maker on his Twitter. Following his tweet, Milady Maker pumped from sub 4 ETH to around 8 ETH but quickly returned to earth, now holding a floor price of around 4.5 ETH - Check it Out

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.