Paradigm & Lido Fund EigenLayer Rival

️ On today's Top Picks:

Crypto News

• ⭐️ Paradigm & Lido co-founders fund restaking protocol Symbiotic.

• Mastercard selects Kulipa, Parfin, Peaq, Triangle, & Venly to join Start Path program.

• Tornado Cash developer Alexey Pertsev found guilty of money laundering.

• US DOJ indicts brothers for $25M MEV exploitation.

• Former FTX executive Ryan Salame asks for no more than 18 months in prison.

• US State of Wisconsin discloses purchase of $99M worth of Bitcoin ETF.

• Robinhood launches Solana $SOL staking in Europe.

• Worldcoin $WLD seeks new standard for data protection; deletes older iris codes.

• Lens introduces Lens Network a hybrid & modular infrastructure leveraging the zkSync stack.

• Degen Chain $DEGEN returns online after being down for ~2 days.

Alpha

• Scroll launches UI to track Marks & introduces retroactive Marks for gas spent.

• Linea Surge begins May 16th & Early Adopter modifier snapshot is today (May 15th).

• ⭐️ Initia launches incentivized public Testnet.

• Superseed posts Testnet is coming soon.

• Fluent launches Road To Mainnet campaign on Galxe.

• FarQuest Season 4 ends May 19th; Season 5 to follow.

• DeBank launches two new Web3 Badges based on VIP Active Days.

Airdrops

• Telegram $TON Airdrop by Olimpio.

• Which Airdrops To Farm by Hav'caaren.

• LayerZero announces sybil hunting guidelines; to begin May 18th.

• ⭐️ Blast announces airdrop to launch June 26th.

• Avail Unification Drop claim ends; future rewards programs coming soon.

• ICYMI Base $BASE Airdrop Strategy by Earndrop.

• List Of Airdrops I Am Farming by CC2.

Finance News

• ⭐️ US Inflation falls to 3.4% as the US Federal Reserve observes for potential interest rate cuts.

• Circle $USDC to redomicile to the US ahead of possible IPO.

• Vanguard appoints Bitcoin-friendly Salim Ramji as CEO.

• New York Community Bancorp $NYCB to sell about $5B in mortgage warehouse loans to JPMorgan Chase $JPM.

• US Court enforces SEC subpoena for Elon Musk to testify regarding Twitter Takeover.

Security and Exploits

• BlockTower Capital's main hedge fund hacked & partially stolen by fraudsters.

• ⭐️ Sonne Finance exploited for ~$20M due to precision loss issue.

• ALEX Lab $ALEX drained for ~$4.3M due to private key compromise.

• Microsoft releases security patches addressing 61 new security flaws.

• Google releases security patch addressing Chrome zero-day vulnerability.

• Google unveils live threat detection feature in Android 15.

• VMWare patches four vulnerabilities affecting Workstation & Fusion products.

Token Unlocks

• Arbitrum / 92.65M $ARB / ~$87M / MAY 16
• ApeCoin / 15.6M $APE / ~$18M / MAY 17
• Immutable / 25.53M $IMX / ~$51M / MAY 17
• Render / 760.57K $RNDR / ~$8M / MAY 17
• Nym / 3.02M $NYM / ~$469K / MAY 18
• Manta / 6.67M $MANTA / ~$10M / MAY 18
• Oasis / 171.00M $ROSE / ~$14M / MAY 18
• Pixels / 54.37M $PIXEL / ~$18M / MAY 19

Funding

• Ethereum Foundation announces Q1 2024 grantees.

• Polymarket, a decentralized information markets platform; raises $70M in Series A & Series B funding.

• Humanity Protocol, a ZK decentralized identity project; raises $30M in Seed funding led by Kingsway Capital.

• re, a blockchain-powered reinsurance protocol; raises $7M in funding led by Electric Capital.

• Shogun, an intent-centric defi protocol; raises $6.9M in Seed funding co-led by Polychain Capital & DAO5.

• Zeta Markets, a defi derivatives platform;l raises $5M in Strategic funding led by Electric Capital.

• Raven, a crypto proprietary trading firm; raises $2.7M in Seed funding led by Hack VC.

• Hylé, a settlement layer for ZK proofs; raises $2.6M in Seed funding led by Framework.

• SPARK, an order book on Fuel; raises $1.5M in Pre-Seed funding.

The Degen Farmer