LayerZero Completes Snapshot

️ On today's Top Picks:

Crypto News

• ⭐️ Changpeng Zhao "CZ" sentenced to 4 months in US federal prison.

• Roger Ver arrested for alleged mail fraud, tax evasion, & filing false tax returns.

• Tether $USDT releases Q1 2024 attestation showing $4.52B profit.

• a16z purchased ~$90M of Optimism $OP tokens in early March.

• Aave Labs $AAVE proposes Aave V4, Aave Network, Cross-Chain Liquidity Layer, & more.

• Hong Kong spot Bitcoin $BTC ETF begins trading.

Alpha

• ⭐️ LayerZero announces, "Snapshot #1 has been completed," on X.

• Nektar Network launches Epoch 1 of Nektar Drops.

• Lattice launches Redstone Chain & Plasma Mode.

• Reya extends Liquidity Generation Event (LGE) until May 13th.

• Bulid On Bitcoin (BOB) launches Mainnet & Season 2 of BOB Fusion.

• Bebop launches Base achievement on Rep3.

• Jumper to update Loyalty Pass with April XPs in next few days.

• Gitcoin Passport updates zkSync stamp.

• Farcaster launches version Jaguar along with free NFT on Zora.

Airdrops

• Zerolend Airdrop Strategy by Earndrop.

• ⭐️ Nansen posts, "We did a good job with $ARB? Maybe we should help other teams..." on X.

• Renzo launches $REZ airdrop with Season 2 incentives coming soon.

• Kamino launches $KMNO airdrop.

• Mode extends Airdrop 1 until May 5th.

• NIM Network launches Mainnet & $NIM airdrop.

• Drift launches $DRIFT airdrop eligibility checker.

• Masa announces $MASA airdrop details & dates.

Finance News

• ⭐️ US Federal Reserve leaves interest rates unchanged at 5.25%-5.50%.

• Microsoft $MSFT to invest $1.7B in Indonesia with cloud services & AI.

• JPMorgan Chase $JPM to pay $100M penalty for reporting incomplete trading data.

• Johnson & Johnson $JNJ to pay $6.5B over 25 years to settle lawsuits.

Security and Exploits

• SlowMist Weekly Security Report highlights ~$2M in losses.

• Pike Finance exploited for ~$1.5M due to known vulnerability.

• Chinese Police capture suspect for allegedly forging false identities to claim Starknet $STRK airdrops.

Token Unlocks

• Nym / 45.63M $NYM / ~$7M / MAY 03
• Sui / 38.62M $SUI / ~$39M / MAY 03
• Liquity / 657.35K $LQTY / ~$658K / MAY 05
• Galxe / 5.18M $GAL / ~$18M / MAY 05
• Heroes of Mavia / 7.66M $MAVIA / ~$27M / MAY 06

Funding

• Movement Labs, a network of Move-based blockchains; raises an undisclosed amount in funding from Binance Labs.

• ⭐️ Securitize, a digital asset securities firm; raises $47M in funding led by BlackRock.

• Backed, a tokenized asset issuer; raises $9.5M in Series A funding led by Gnosis.

• X10, a hybrid cryptocurrency exchange; raises $6.5M in funding.

• Agora, an onchain governance platform; raises $5M in Seed funding led by Haun Ventures.

• Blade Games, a modular ZK onchain game engine; raises $2.4M in Seed funding co-led by PTC Crypto & IOSG Ventures.

The Degen Farmer