GameStop & Memecoins Surge

️ On today's Top Picks:

Crypto News

• ARK Invest & 21 Shares cut staking from Ethereum ETF filings.

• US DOJ selects Forensic Risk Alliance (FRA) as Binance’s external regulator.

• ⭐️ Bryan Pellegrino posts, "Up to 100,000 self reported Sybil addresses."

• dYdX $DYDX founder Antonio Juliano steps down as CEO citing personal & professional reasons.

• ⭐️ Degen $DEGEN chain & Proof of Play's Apex chain come to a halt.

• US President Biden blocks Chinese-backed crypto miner MineOne near nuclear base.

• MoonPay donates $1M to Stand With Crypto.

• Mark Cuban calls out Gary Gensler & the US SEC.

Alpha

• Market Making: Predatory or Essential by Min Jung.

• Babylon posts Testnet-4 Pre-Launch Announcement.

• Puffer Finances offers up to 1K points for delegating $EIGEN to Puffer Operators.

• Aleo posts Mainnet Updates blog post; another testnet coming soon.

• Initia teases upcoming announcement with announcement on X.

• Cashmere Labs season 1 claim phase completes, unclaimed points to be redistributed.

• Hey releases free Hey Zorb NFT on Zora.

Airdrops

• Base $BASE Airdrop Strategy by Earndrop.

• Avail $AVAIL Unification Drop Claim phase 2 ends May 15th.

• ⭐️ BounceBit launches Mainnet & $BB airdrop.

• Sophon posts, "AIRDROP SCHEDULED Q3. There is still time." on X.

• Drift identifies additional Sybil clusters & redistributes $DRIFT allocations.

• Zapper teases $ZAPPER token with more details coming soon.

• Masa $MASA initial airdrop distribution is live.

• Holograph launches $HLG Rewards round 1 eligibility.

• Guru Network announces $GURU will drop by end of May.

Finance News

• US to release CPI data for April on May 15th.

• ⭐️ GameStop $GME rallies ~74% after Roaring Kitty returns on X.

• Bank Of Montreal discloses Bitcoin ETF holdings.

Security and Exploits

• $71M address poisoning attack victim recovers funds.

• Rain reportedly suffers ~$14M exploit.

• Kimsuky hacking group uses new malware variant to target crypto firms.

• CertiK Skyfall identifies KuCoin security issue which has since been addressed.

Token Unlocks

• dYdX / 2.12M $DYDX / ~$4M / MAY 14
• Starknet / 64M $STRK / ~$77M / MAY 15
• CyberConnect / 886.12K $CYBER / ~$7M / MAY 15
⭐️• Aevo / 827.6M $AEVO / ~$977M / MAY 15
• Arbitrum / 92.65M $ARB / ~$92M / MAY 16
• ApeCoin / 15.6M $APE / ~$19M / MAY 17
• Immutable / 25.53M $IMX / ~$56M / MAY 17
• Render / 760.57K $RNDR / ~$8M / MAY 17
• Nym / 3.02M $NYM / ~$470K / MAY 18
• Manta / 6.67M $MANTA / ~$11M / MAY 18
• Oasis / 171.00M $ROSE / ~$14M / MAY 18
• Pixels / 54.37M $PIXEL / ~$20M / MAY 19

Funding

• ChainML, a Web3 AI platform; raises $6.2M in Seed Extension funding led by Hack VC.

• UXLINK, a Web3 social platform; raises $5M in funding.

• Zest Protocol, a Bitcoin lending protocol; raises $3.5M in Seed funding led by Draper Associates.

• Blast Auto Club, a Web3 game on Blast; raises $1.5M in Seed funding.

The Degen Farmer