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Quick Take

• Several metrics recorded record numbers in May.
• Ethereum flipped Bitcoin in adjusted on-chain volume and miner revenue.
• Total adjusted on-chain volume increased by 35.4% to a new all-time high of $1.07 trillion.
• Stablecoin supply grew by 26.2% to a new all-time high of $101.6 billion.
• Centralized exchange spot trading volumes increased by 38% to a new all-time high of $2.18 trillion.

Coinbase’s debit card product is now usable via Apple Pay and Google Pay, according to a Monday blog post from the crypto exchange and services provider. 

The post Coinbase links its Visa debit card with Apple Pay, Google Pay appeared first on The Block.

A recently announced enforcement action against Poloniex could result in an exodus of crypto exchanges from Canada.

The post With Poloniex action, Canada’s securities regulators get serious about crypto exchange oversight appeared first on The Block.

The company’s debut partnership will be with Major League Baseball, and the first NFT sold will be of Lou Gehrig’s farewell speech.

The post Fanatics, Gary Vaynerchuck and Mike Novogratz team up to launch sports NFT company appeared first on The Block.

Lithium Finance is building a decentralized data oracle protocol designed to price illiquid assets like private equity, pre-IPO stocks.

The post DeFi oracle protocol Lithium raises $5 million, led by Pantera and Hashed appeared first on The Block.

The post CoinFLEX Launches AMM+ & Announces US Derivatives Access appeared first on The Block.

Korbit’s marketplace will allow anyone to buy and sell non-fungible tokens (NFTs) on the Ethereum blockchain.

The post Crypto exchange Korbit launches NFT marketplace in South Korea appeared first on The Block.

This appears to be the first time that Canaan has reported stronger overseas sales compared to its domestic operations.

The post Canaan says 78% of its Q1 bitcoin miner revenue came from overseas appeared first on The Block.

Quick Take

• Disclaimer: The Block Research team has, is, and will be experimenting with the various protocols, projects, and applications mentioned in this series. The projects mentioned in our reports are not recommendations from our team and should not be misconstrued as investment advice. Many projects that appear in this series are highly experimental and, as such, will come with risks. Readers should evaluate their own risk tolerance before experimenting with these projects.
• DeFi Digest is a bi-weekly digest that summarizes recently launched projects and applications that our research team found interesting.
• This week’s digest looks at Lemma and Spectral

The amount of ether sitting in the Ethereum 2.0 staking contract has reached a new milestone — as the network moves to proof of stake.

The post More than 5 million ETH has been sent to Ethereum 2.0’s deposit contract appeared first on The Block.