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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:
- ⚡ 0xMaki's Heroglyphs project posts cryptic message.
- 🪂 Binance launches BounceBit $BB Megadrop.
- 🛡️ Optimism patches two vulnerabilities.
- 💰 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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