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Linear unlocks are on the way -
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TAO
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TIA
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501
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$ADA Charles Hoskinson has denied claims he misused $600M in $ADA from Cardano’s treasury. The controversy stems from a 2021 hard fork and 318M ADA in reward transactions. He says most of the 350M $ADA was redeemed by original buyers over seven years, and the leftover tokens were donated to Intersect. The #Cardano Foundation plans to release an audit soon. Hoskinson said he’s “deeply hurt” by the mistrust and will hand over his social media to a media team after the audit drops. #crypto
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$SOL just rolled out the Alpenglow Protocol — a new consensus system that slashes transaction finality down to just 100–150 milliseconds. That’s up to 100 times faster than what we’ve got now. #crypto
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$TRX Looks like #TRON founder Justin Sun is meeting up with Donald Trump on May 22—apparently because he’s the biggest holder of the $TRUMP memecoin. Crypto never fails to get weirder.
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Slash just wrapped up a $41 million Series B round, putting their valuation around $370 million. The round was led by Goodwater Capital. Basically, Slash helps companies swap between fiat and crypto, and manage all their crypto assets in one place. #crypto
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Catena Labs—a new crypto startup started by Circle co-founder Sean Neville—secured $18 million in seed funding. The round was led by a16z Crypto. #crypto
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