Consensys v. SEC

🛡️ Consensys Battles SEC

Consensys's Stance: Consensys, a major Ethereum incubator, is preparing to fight back against the SEC’s consideration to classify ETH as a security, which could impose significant regulatory impacts on Ethereum's ecosystem.​

Regulatory Uncertainty: The debate on ETH’s status stirs as Consensys argues against the SEC's approach, highlighting the implications for Ethereum's decentralized model and the broader crypto market.​

Future Implications: The outcome of this battle could affect Ethereum's operations and its users globally, potentially altering the landscape for crypto innovations and investments.​Read More.

️ On today's Top Picks:

  1. ⚡ 0xMaki's Heroglyphs project posts cryptic message.
  2. 🪂 Binance launches BounceBit $BB Megadrop.
  3. 🛡️ Optimism patches two vulnerabilities.
  4. 💰 Pantera Capital to raise $1 Billion.

Read time: ⏰ 7 minutes


Crypto News


• ⭐️ Consensys files lawsuit against US SEC as it seeks regulatory clarity.

US SEC expected to deny Spot Ethereum $ETH ETF next month.

US SEC delays decision on Spot Bitcoin $BTC ETF options.

US FBI warns Americans of using unregistered & non-KYC crypto services.

Stripe to resume crypto payments on Ethereum $ETH & Solana $SOL on 2024.

Celsius loan creditors plan appeal of Celsius' reorganization plan.

Yuga Labs restructures, cuts roles to focus on smaller team.

Alpha


0xMaki's Heroglyphs project posts cryptic message on X.

Arbitrum releases free Arbzuki NFT on Zora.

Taiko launches Hekla Testnet and states, "Mainnet very soon," on X.

Bebop launches support for Base.

Bebop launches Optimism achievement on Rep3.

Jumper launches Loyalty Pass based Dynamic PFPs on Mercle.

Hey introduces Hey Score based on interactions, posts, and "secret sauce."

Gitcoin Passport to make changes to zkSync Stamp next Monday.

Airdrops


• ⭐️ Binance launches BounceBit $BB Megadrop.

Lava Network introduces $LAVA token with ~15% allocated for airdrops.

Aethir launches $ATH Cloud Drop campaign until May 12th.

Five Projects To Watch for airdrops by DL News.

Finance News


Block $SQ develops Bitcoin mining chip and aims to offer Bitcoin mining systems.

Ark Invest sells remaining ~$6.7M of ProShares Bitcoin Futures ETF Shares $BITO.

Morgan Stanley $MS Private Equity Asia reorganizing as CEO retires.

Bank Of Japan keeps monetary policy unchanged at 0%-0.1%.

Security and Exploits


• ⭐️ Optimism patches two vulnerabilities reported by Offchain Labs.

Slowmist warns of new scammer tactic involving malicious RPC Node Links.

Lazarus Group deploys new Kaolin RAT trojan via fake job listings.

Brokewell Malware posing as browser updates targets Android users.

Wordpress WP-Automatic Plugin being actively exploited enabling site takeovers.

Token Unlocks


• Yield Guild Games / 16.69M $YGG / ~$15M / APR 27
• SingularityNET / 8.9M $AGIX / ~$8M / APR 28
• Optimism / 24.16M $OP / ~$59M / APR 29


Funding


• ⭐️ Pantera Capital to raise $1B for new crypto fund, Pantera Fund V.

Movement Labs, a network of Move-based blockchains; raises $38M in Series A funding led by Polychain Capital.

Aligned Layer, a universal verification layer; raises $20M in Series A funding led by Hack VC.

CARV, a modular data layer; raises $10M in Series A funding co-led by Tribe Capital & IOSG Ventures.

InfiniGods, a mobile gaming studio; raises $8M in Series A funding from Pantera Capital.

Prime Intellect, a global compute resource & AI platform; raises $5.5M in funding co-led by Distributed Global & CoinFund.

Tavaera, a one-stop gaming ecosystem; raises $5M in Seed & Private funding led by Laser Digital Nomura Group.

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That’s it for today’s edition! See you soon.

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