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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