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