MtGox Moves Billions

️ On today's Top Picks:

Crypto News

• ⭐️ Mt Gox transfers ~$9B of Bitcoin $BTC in preperation for repayments.

• US Judge orders SEC to pay $1.8M over Debt Box Lawsuit.

• Former FTX executive Ryan Salame sentenced to 7 1/2 years in prison.

• Ripple $XRP donates another $25M to crypto super PAC Fairshake.

• Sam Altman & Argentinian President Javier discuss Worldcoin $WLD investment.

• PayPal launches PayPal USD $PYUSD on Solana $SOL.

• Ethereum Name Service $ENS introduces ENSv2 proposing to extend the protocol to an L2 network.

• ⭐️ ZKasino offers to return stolen Ether to investors.

Alpha

• Rivo launches Points Program with conversion to Rivo tokens in Q4 2024/Q1 2025.

• Taiko releases Snæfellsjökull Alpha-1 Testnet Contributor NFT.

• Zerion's upcoming L2 Zero Network posts "probably n̵o̵t̵h̵i̵n̵g̵ zero" on X.

• ⭐️ Stargate launches V2 Bridging, V2 Pools & Incentives.

• Caldera launches Quest #3 of Caldera Crusade on Galxe.

• DeBank launches VIP Gift Receiver Web3 Badge.

• Messari launches Lite Subscription for $10/month.

Airdrops

• Rivo Airdrop Confirmed by Earndrop.

• Elixir Airdrop Strategy by Earndrop.

• ⭐️ Sei Foundation launches $SEI Airdrop Phase 2 for stakers, liquid stakers, & NFT collectors.

• Taiko changes ticker to $TAIKO as previous ticker $TKO is already in use.

Finance News

• Semler Scientific $SMLR purchases $40M of Bitcoin $BTC & adopts it as its primary treasury reserve asset.

• ⭐️ Bitfarms $BITF rejects Riot's $RIOT acquisition proposal citing it undervalues the firm.

• PayPal $PYPL to launch new advertising business to connect merchants with consumers.

• Robinhood $HOOD approves $1B share-buyback program.

• Goldman Sachs $GS raises over $20B for senior direct lending.

• US Cellular $USM to sell $4.4B of its wireless operations & debt to T-Mobile $TMUS.

Security and Exploits

• SlowMist Weekly Security Report highlights ~$23M in loses.

• Coinbase, Solana Foundation, Consensys & more join Crypto ISAC.

Token Unlocks

• Echelon Prime / 1.66M $PRIME / ~$32M / MAY 31
• Optimism / 31.34M $OP / ~$80M / MAY 31
• Manta / 1.87M $MANTA / ~$3M / MAY 31

Funding

• Switchboard, a permissionless oracle network; raises $7.5M in Series A funding led by Tribe Capital & RockawayX.

• Aperture Finance, an AI-powered intents platform; raises $6.7M in Series A funding led by Skyland Ventures, Blockchain Founders Fund, & Krypital Group.

• OpenSocial, a SocialFi infrastructure layer; raises $5M in Seed funding led by Portal Ventures & SNZ Holding.

• Anzen, an RWA-backed Stablecoin on Base; raises $4M in Seed funding.

• Parasail, a permissionless abstraction for service level guarantee & hardware coordination; raises $4M in Seed funding led by Protocol Labs.

• Pencils Protocol, a native gateway on Scroll; raises an undisclosed amount in funding from Aquarius.

• defi[.]money, an EVM-agnostic CDP protocol; raises an undisclosed in Strategic funding.

The Degen Farmer