📣 Renewed Legal Debate Over Cryptocurrency's Status

Recently, the cross-chain transfer project LayerZero (L0) announced that it took its first snapshot on May 1st. This snapshot is likely to serve as the basis for distributing an airdrop among early users.

The Ethereum Name Service (ENS) has filed a petition with the U.S. Patent and Trademark Office (USPTO) to challenge the validity of a patent held by the competing blockchain domain name project, Unstoppable Domains (UD).

Terraform Labs has declared its opposition to paying the $5.3 billion fine levied by the American regulatory authority, pointing out that most investors in the TerraUSD (UST) stablecoin are based outside the U.S. It should be noted that the project saw a total of $40 billion in assets obliterated.