Bybit Faces Leadership Changes

️ On today's Top Picks:

Crypto News

• ⭐️ Bybit confirms several executives change roles after botched launch.

• Matter Labs posts proposal & pledge regarding "ZK" trademark.

• Uniswap $UNI postpones "fee switch" proposal vote.

• Polyhedra opts for $ZKJ ticker amid clash with zkSync.

• US SEC requires Ethereum ETF issuers to submit first round of S-1 draft forms.

• Terraform Labs & Do Kwon to settle with US SEC regarding collapse of TerraUSD.

• US Treasury Department does not intend to ban crypto mixing services but rather promote transparency.

• Andreessen Horowitz a16z donates $25M to crypto super PAC Fairshake.

• Circle $USDC partners with LatAm investment bank BTG Pactual.

Alpha

• Rivo launches Points Program with conversion to Rivo tokens in Q4 2024/Q1 2025.

• Blast launches Gold Distribution 4 (10M) to dapps.

• BOB launches Wave 3 of BOB Summer Fest on Intract.

• ⭐️ Fuel launches final public testnet inviting everyone to join.

• Jumper to take snapshot for May XPs of the Jumper Loyalty Pass.

• Catalyst drops first Egg Rewards for swappers, liquidity providers next week.

• DeBank launches new Web3 Social Ranking Badges.

• Pirate Nation Season 1 of BOOTY Points ends on June 10th.

Airdrops

• ⭐️ Taiko $TAIKO to launch airdrop claim on June 5th.

• Sei $SEI updates Airdrop Checker increasing number of eligible wallets.

• zkLink launches $ZKL NovaDrop Round One with eligibility checker.

• ICYMI Rivo Airdrop Confirmed by Earndrop.

• ICYMI Elixir Airdrop Strategy by Earndrop.

Finance News

• Nvidia $NVDA & AMD $AMD struggle with AI chip exports to Middle East amid US security review.

• Presidential Candidate Donald Trump raises ~$35M following guilty verdict.

• HSBC sells Russian unit to Expobank for undisclosed amount.

Security and Exploits

• ⭐️ DMM Bitcoin crypto exchange hacked for ~$300M of Bitcoin $BTC.

• US DOJ dismantles 911 S5, the world's largest botnet with 19M infected devices.

• Researchers Uncover LilacSquid for targeting various sectors across the world since 2021.

Token Unlocks

• Manta / 1.87M $MANTA / ~$3M / MAY 31
• dYdX / 33.33M $DYDX / ~$67M / JUN 01
• Sui / 65.08M $SUI / ~$66M / JUN 01
• ZetaChain / 5.29M $ZETA / $7M / JUN 01
• Acala / 27.43M $ACA / $3M / JUN 01
• Ethena / 53.6M $ENA / $47M / JUN 01

Funding

• ⭐️ Babylon, a Bitcoin staking protocol; raises $70M in Pre-Launch funding led by Paradigm.

• Supervillain Labsm, a Web3 gaming studio; raises $4.5M in Seed funding led by Aptos Labs & Intella X.

• Play AI, a modular chain for AI in gaming; raises $4.3M in Seed funding.

• Coinflow Labs, a payment Stack built for businesses; raises $2.25M in Seed funding led by CMT Digital.

• Lumoz, a modular compute layer & RaaS platform; raises an undisclosed amount in Strategic funding.

The Degen Farmer