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- SEC Sues Uniswap
SEC Sues Uniswap
📜 SEC Targets Uniswap
SEC's Legal Move: The SEC issued a Wells Notice to Uniswap, signaling a lawsuit and underscoring its effort to regulate the crypto sector.
Uniswap Founder Reacts: Hayden Adams of Uniswap, disappointed by the SEC's action, criticized the lack of clear rules and pledged to defend.
Broader Implications: This lawsuit, part of the SEC's broader push against crypto entities, could lead to a protracted legal battle. Read More.
️ On today's Top Picks:
- 🚀 Swell launches Layer 2 pre-launch.
- 📈 US Inflation rises to 3.5%.
- 👾 Microsoft releases April 2024 security updates.
- 💸 Monad raises $225M in funding.
Read time: ⏰ 5 minutes
Crypto News
• Hong Kong set to approve Bitcoin ETFs in April according to people familiar with the matter.
• Binance weighing a few jurisdictions for its headquarters.
• Former FTX executive, Ryan Salame; sentencing set for May 28th.
• EigenLayer $EIGEN launches EigenLayer & EigenDA Mainnet.
• SushiSwap $SUSHI DAO controversially votes to transfer control of ~$50M treasury to Sushi Labs.
• Circle launches native $USDC issued by Circle on zkSync.
Alpha
• ⭐️ Swell launches Layer 2 pre-launch deposits which will reward airdrops & EigenLayer points.
• RedStone Oracles launches RedStone Expedition Sommelier quest on Galxe.
• deBridge launches deBridge Points which will, "..play a crucial role in handing power over to..community.."
• Layer N posts, "testnet loading ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓░░ 90%" on X.
• Plena Airdrop Strategy by Earndrop.
• Zeta Markets introduces $Z token with 10% (100M) allocated for airdrops.
• Stepn airdrops FSL Points which can be swapped for $GMT to Genesis Holders.
• Omni Network posts, "..$OMNI will of course be distributed to all of the Omnitrons.." on X.
• Parallel Network posts, "..All Parallel users will be eligible for an upcoming points airdrop!.." on X.
• Masa airdrop to go live ~30 days after $MASA token and network launch.
Finance News
• ⭐️ US Inflation rises to 3.5% from 3.2%, higher than expectations.
• US President Biden states inflation data may delay interest rate cuts.
Security and Exploits
• ⭐️ Microsoft releases April 2024 security updates fixing 149 vulnerabilities.
• eXotic Visit Android Malware campaign targeting users in India & Pakistan.
Token Unlocks
• 1Inch / 214.29K $1INCH / ~$125K / APR 10
• Moonbeam / 3.04M $GLMR / ~$1.4M / APR 10
• Euler / 76.72K $EUL / ~$434K / APR 11
• Aptos / 24.84M $APT / ~$319M / APR 12
• CyberConnect / 886.12K $CYBER / ~$12M / APR 14
• Starknet / 64M $STRK / ~$122M / APR 14
Funding
• ⭐️ Monad, an Ethereum-compatible L1; raises $225M in funding led by Paradigm.
• Auradine, a Bitcoin mining company; raises $80M in Series B funding.
• Mezo, a Bitcoin economic layer; raises $21M in Series A funding led by Pantera Capital.
• Alpen Labs, a zk-enabled infrastructure on Bitcoin; raises $10.6M in Seed funding led by Ribbit Capital.
• Sapien AI, a data labeling company; raises $5M in Seed funding.
• Tomo, an all-in-one multichain web3 social wallet; raises $3.5M in Seed funding led by Polychain Capital.
• OpenTrade, an institutional lending & yield product; raises $3.2M in Seed funding.
• Storm Labs, an open-source software development studio; raises $3M in Pre-Seed funding led by Electric Capital.
• Zoth, an ecosystem that connects TradFi & DeFi; raises $2.5M in funding led by Blockchain Founders Fund.
The Degen Farmer
Top stablecoin yield farms of the day, more than $3,000,000 in TVL. DYOR and step up your farming game!
PROTOCOL | ASSETS | APY |
---|---|---|
Merkle Trade (Aptos) | ZUSDC | 241.97% |
Turbos (Sui) | USDTUSDC | 106.20% |
Orbit Protocol (Blast) | USDB | 83.71% |
Aerodrome (Base) | USDCSTAR | 83.56% |
Notional V3 (Ethereum) | NUSDC | 64.88% |
Morpho Blue (Ethereum) | USDEDAI | 59.99% |
Cetus (Sui) | USDYUSDC | 51.98% |
Velodrome V2 (Optimism) | USDCDOLA | 50.01% |
Plena SuperApp Wallet: A road to TGE! |
Plena is a "Superapp Wallet" that uses account abstraction (self-custodial), and their TGE is close.
You can do what you'd expect from a mobile wallet: import/create seeds, buy/sell, invest in strategies.
Plena is having an airdrop campaign before their TGE later this month 🪂. They partnered with Galxe to airdrop $PLENA to community members who complete their tasks.
How to?: Go into Galxe and follow the tasks. We are currently in week 5 of 8, so there's still time to get in!
That’s it for today’s edition! See you soon.
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