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:

  1. 🚀 Swell launches Layer 2 pre-launch.
  2. 📈 US Inflation rises to 3.5%.
  3. 👾 Microsoft releases April 2024 security updates.
  4. 💸 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!

PROTOCOLASSETSAPY
Merkle Trade logoMerkle Trade (Aptos)ZUSDC241.97%
Turbos logoTurbos (Sui)USDTUSDC106.20%
Orbit Protocol logoOrbit Protocol (Blast)USDB83.71%
Aerodrome logoAerodrome (Base)USDCSTAR83.56%
Notional V3 logoNotional V3 (Ethereum)NUSDC64.88%
Morpho Blue logoMorpho Blue (Ethereum)USDEDAI59.99%
Cetus logoCetus (Sui)USDYUSDC51.98%
Velodrome V2 logoVelodrome V2 (Optimism)USDCDOLA50.01%
. . .

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!

👉 Get $PLENA by doing Galxe tasks

. . .

That’s it for today’s edition! See you soon.

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