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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:
️ 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
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
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
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
Security and Exploits
 • ⭐️  Microsoft releases April 2024 security updates fixing 149 vulnerabilities.
 • eXotic Visit Android Malware campaign targeting users in India & Pakistan.
 Token Unlocks
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
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
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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