MetaMask Token? — "Maybe"

️ On today's Top Picks:

Crypto News

• ⭐️ Bitget's L2 Morph faces internal chaos; team conflicts, flashy spending, and a mysterious shadow CEO have led to layoffs, delays, and a loss of direction.

• Paymium CEO's family members nearly kidnapped by group of armed attackers in Paris, France; Paris BRB investigating & searching for the attackers.

• ⭐️ Yuga Labs sells CryptoPunks IP to the Infinite Node Foundation for an undisclosed amount; NODE is a non-profit committed to the preservation and expansion of contemporary digital art.

• Twenty One Capital buys 4,812 Bitcoin $BTC for ~$458.7M; Twenty One Capital is an investment company backed by Cantor Fitzgerald, Tether $USDT, and Softbank.

• Ethereum $ETH launches Trillion Dollar Security (1TS) initiative to upgrade Ethereum’s security; goal is to provide a network capable of storing trillions of dollars from individuals and institutions.

• Abraxas Capital Management has bought 242,652 Ethereum $ETH worth ~$632M in the past week; Abraxas is a London-based investment manager founded by Fabio Frontini.

• VanEck launches $VBILL its first tokenized US Treasury fund issued via Securitize; live on Ethereum $ETH, Solana $SOL, BNB Chain $BNB, & Avalanche $AVAX.

• Tether $USDT announces QVAC, a decentralized AI platform; to launch the first QVAC-based AI apps soon.

Alpha

• ⭐️ MetaMask Co-Founder Dan Finley says team is still considering a token; adds "If we ever do it, it'll be advertised directly in the wallet...”

• Phantom launches its own LST, Phantom Staked SOL $PSOL; teases "Stay tuned for more updates 👀" on X.

• Succinct launches Testnet Stage 2 Prove With Us; to launch mainnet and reward the community in Stage 3.

• Espresso launches Brewing the Future campaign on Layer3; to reward potential spot at the Composables NFT overallocated allowlist.

• Mezo to launch Mainnet this month; users can deposit assets to earn mats (points).

Airdrops

• Solana Name Service launches $SNS airdrop claim; .sol domain holders and several Solana-based communities are eligible.

• Resolv extends $RESOLV airdrop registration until May 25th; Season 1 participants are eligible.

• Kamino launches $KMNO Season 3 airdrop eligibility & allocation checker; to launch claims soon.

• ICYMI Weekly Airdrop Recap by Earndrop.

• ICYMI Space and Time launches $SXT airdrop claim; testnet users, Community NFT holders, & more are eligible.

Finance News

• US April CPI Inflation falls to 2.3%, lower than expectations of 2.4%; US Core CPI inflation was 2.8%, in-line with expectations of 2.8%.

• ⭐️ Coinbase $COIN to join S&P 500 $SPX on May 19th; to replace Discover Financial Services $DFS.

• Robinhood $HOOD to acquire WonderFi for ~$178.56M; WonderFi team to integrate into Robinhood Crypto and continue operating its products.

• eToro $ETOR lists on the Nasdaq; issued 6M shares at $52 per share, raising ~$310M with a valuation reaching ~$4.2B.

• Galaxy Digital to list on the Nasdaq on May 16th as part of a larger reorganization approved by the US SEC; reported $295M net loss in Q1 2025.

• Semler Scientific buys 174 Bitcoin $BTC for ~$17.8M; now holds 3,808 BTC worth $395M.

• US & Saudi Arabia sign strategic economic partnership; to increase cooperation in energy, mining, defense, and other ventures.

• US & Qatar sign economic agreement; to generate an economic exchange worth at least $1.2 trillion.

• Microsoft $MSFT to cut 3% (~6.5K) of its workforce; Microsoft spokesperson says "We continue to implement organizational changes necessary...”

Security and Exploits

• ⭐️ Microsoft releases Windows May 2025 security updates; patches 72 vulnerabilities including 5 actively exploited zero-days.

• Curve Finance $CRV domain compromised due to an attack on its domain registrar; to potentially switch to curve[.]finance domain permanently.

• ZKsync $ZK & Matter Labs X accounts compromised due to delegated accounts; the team has since taken back control of both accounts.

• Business Security Test March-April 2025 by AV-Comparatives.

Token Unlocks

• Starknet $STRK / ~$23M / MAY 15th
• Sei $SEI / ~$14M / MAY 15th
• Immutable $IMX / ~$18M / MAY 16th
• Arbitrum $ARB / ~$40M / MAY 16th
• Avalanche $AVAX / ~$42M / MAY 17th
• ApeCoin $APE / ~$11M / MAY 17th
Sourced from Tokenomist

Funding

• Perpl raises $9.25M in funding led by DragonFly & Ergonia.

• KYD raises $7.1M in funding led by a16z Crypto CSX.

• Nirvana Labs raises $6M in funding led by Crucible Capital & Jump Crypto.

• N1 raises $2M in Community funding on Echo.

• Squads raises an undisclosed amount in Strategic funding from Huan Ventures.

• Space Computer raises an undisclosed amount in Pre-Seed funding led by Primitive Ventures.

The Degen Farmer