Bitcoin Reaches New ATH, Bancor Sues Uniswap

️ On today's Top Picks:

Crypto News

• ⭐️ Bitcoin $BTC reaches new all-time high of ~$111K.

• US State Of Texas House of Representatives pass Strategic Bitcoin $BTC Reserve and Investment Act; allows the state to invest in BTC; awaits Governor Abbott's approval.

• Abraxas Capital buys an additional 46,295 Ethereum $ETH worth ~$120M; Abraxas has bought 350,703 ETH worth ~$906M since May 7th.

• Seeker by Solana $SOL Mobile to start shipping on August 4th; also reveals $SKR, "the native asset of the Solana Mobile economy."

• US SEC delays decisions on Bitwise Ethereum $ETH ETF staking proposal, 21Shares Core $XRP Trust, Grayscale $XRP Trust, and Grayscale Dogecoin $DOGE Trust; needs more time to digest legal and policy issues related to the applications.

• Circle $USDC launches Circle Payments Network mainnet; CPN "allows banks and payment providers to exchange payment instructions securely and settle in real time using USDC on public blockchains."

• US Senate passes cloture vote for GENIUS Act (stablecoin legislation); bill to proceed to further debate before final vote.

• Binance files motion to dismiss FTX’s $1.76 billion clawback suit; claims a lack of jurisdiction and baseless arguments.

• ⭐️ Bancor $BNT sues Uniswap $UNI alleging patent infringement; claims Uniswap infringed on its 2017 patent covering core structures that enable automated onchain token swaps without centralized intermediaries.

• Genesis sues Digital Currency Group seeking ~$3.1B; alleges fraud, self-dealing, and improper asset transfers; a DCG spokesperson says "...We will vigorously defend ourselves against these spurious claims.”

• Argentina President Milei shuts down task force investigating $LIBRA scandal; says the team completed its investigation.

Alpha

• ⭐️ Spark launches Spark Points; complete missions and earn points.

• YO launches YO Points; deposit into YO vaults and earn points.

• Bebop downsizes 10+ community roles into 2 roles; earn a role(s) based on on/offchain activity; resets every two weeks.

• ICYMI Weekly Airdrop Recap by Earndrop.

• List Of Upcoming TGEs, Listings, Releases by ICO Analytics.

Airdrops

• ⭐️ Huma introduces $HUMA token; 5% of supply allocated for initial airdrop; second airdrop planned for ~3 months after TGE.

• Lagrange launches Lagrange Foundation; to potentially launch TGE & airdrop soon.

• Zerion posts "..loyalty enjoyooors are in for a treat 👀🥳" in response to YieldNest $YND TGE announcement; Zerion users to potentially be eligible for airdrop.

• Binance launches $HAEDAL HODLer Airdrop; $BNB Simple Earn and/or On-Chain Yields subscribers from May 10th to May 13th are eligible.

• ICYMI Weekly Airdrop Recap (May 9th) by Earndrop.

Finance News

• ⭐️ OpenAI acquires io for $6.4B in an all-equity deal; io is a AI hardware startup founded by former Apple Chief Design Officer Jony Ive.

• Robinhood $HOOD submits 42-page proposal to the US SEC; proposes to establish a federal regulatory framework for RWA tokens and more.

• Cipher Mining $CIFR to raise $150M with additional $22.5M option via convertible notes offering; proceeds to help fund the buildout of its Black Pearl data center and accelerate mining rig deliveries.

• $KULR buys an additional 83.3 Bitcoin $BTC for ~$9M at ~$103,234 per BTC; now holds 800.3 BTC worth ~$89M.

• $BTCS buys an additional 3,450 Ethereum $ETH for ~$8.42M at ~$2.441 per ETH; now holds 12,500 ETH worth ~$33M.

Security and Exploits

• Coinbase $COIN filing reveals data breach affected ~69K users; also reveals the breach occurred in December 2024.

• RevokeCash partners with Kerberus; RevokeCash browser extension now scans domains for security issues powered by Kerberus.

• 100+ Malicious Browser Extensions found on the Google Chrome Web Store; extensions mimic VPNs, AI assistants, and crypto utilities to steal user data.

• MacOS Antivirus Software for home users by AV-TEST.

Token Unlocks

• Polyhedra $ZKJ / ~$32M / MAY 19th
• Pyth $PYTH / ~$287M / MAY 19th
Sourced from Tokenomist

Funding

• World $WLD raises $135M in Token Sale from several investors.

• Slash raises $41M in Series B funding led by led by Goodwater Capital.

• Catena raises $18M in Seed funding led by a16z Crypto.

• True Markets raises $11M in Series A funding led by Accomplice & RRE Ventures.

• Voya Games raises $5M funding led by 1kx & Makers Fund.

• Rover raises $4.1M in Seed funding from several investors.

• Astar $ASTR raises an undisclosed amount in Strategic funding from Animoca Brands.

• Bitayer raises an undisclosed amount in funding from MN Capital.

The Degen Farmer