Solana Quietly Fixes Critical Bug

️ On today's Top Picks:

Crypto News

• ⭐️ Solana $SOL validators patch zero-day vulnerability; gave an attacker unlimited control over certain Solana tokens; discovered on April 16th and fixed within two days.

• US State of Arizona Governor Katie Hobbs vetoes Bitcoin $BTC reserve bill; stated "..retirement funds are not the place for the state to try untested investments like virtual currency."

• Vitalik Buterin publishes Simplifying the L1; calls for simplification of the Ethereum $ETH protocol in the next five years.

• Wrapped Bitcoin $WBTC launches natively on Solana $SOL; WBTC is backed 1:1 by BTC custodied by BitGo & BiT Global.

• VanEck files for spot BNB Chain $BNB ETF; previously filed for Solana $SOL ETF in June 2024 and Avalanche $AVAX ETF in March 2025.

• EU passes Anti-Money Laundering Regulation (AMLR); bans all financial institutions and crypto service providers from offering anonymous crypto accounts or wallets starting July 1, 2027.

• Digital Asset Investment Products saw $2B of inflows last week; Bitcoin $BTC $1.8B inflows, Ethereum $ETH $149M inflows, Solana $SOL $6M inflows, Ripple $XRP $10.5M inflows.

Alpha

• ⭐️ Tether $USDT CEO Paolo Ardoino says Tether AI is coming soon; "A fully open-source AI runtime, capable to adapt and evolve on any hardware and device..."

• Space and Time introduces $SXT; 28% of token supply allocated for Community Rewards; TGE & airdrop launching this week.

• Key Dates To Watch In May by CoinGecko.

• ICYMI Aztec launches public testnet; Aztec is a privacy-focused Ethereum Layer 2 and previously raised $100M in Series B funding led by a16z Crypto in December 2022.

Airdrops

• Berachain launches Boyco $BERA eligibility & allocation checker; claim launches soon.

• ICYMI Weekly Airdrop Recap by Earndrop.

• ICYMI Weekly Airdrop Recap (previous week) by Earndrop.

• ICYMI Movement delays $MOVE MoveDrop; cites ongoing investigation into market maker abnormalities, governance changes, and a sybil attack as reasons for the delay.

Finance News

• US President Trump says he will not remove Federal Reserve Chair Jerome Powell from his role before his term end in 2026.

• US President Trump says he has no plans to speak with China's President Xi Jinping this week; adds US & China officials are talking about different things.

• ⭐️ Strategy $MSTR buys 1,895 Bitcoin $BTC for ~$180.3M at ~$95,167 per BTC; now holds 555,450 BTC worth ~$52B.

• ⭐️ RIOT Platforms $RIOT sells 475 Bitcoin $BTC for ~$38.8M; marks its first major BTC sale since January 2024.

• Semler Scientific $SMLR buys 167 Bitcoin $BTC for ~$16.2M at ~$97,093 per BTC; now holds 3,634 BTC worth ~$345M.

• DeFi Dev Corp $DFDV acquires Solana $SOL validator for $3.5M with ~500K SOL stake worth ~$72.5M; acquisition to allow Defi Dev Corp to self-stake its SOL holdings.

• Key Events This Week by The Kobeissi Letter.

Security and Exploits

• ⭐️ Google releases Android security update for May 2025; patches a zero-day & dozens of high-severity vulnerabilities.

• Scam Sniffer releases April 2025 Phishing Report; reports ~$5.29M in losses from 7,565 victims.

• TeleMessage suspends services as it investigates potential hack; TeleMessage is a modified version of Signal used by US government officials.

Token Unlocks

• Ethena $ENA / ~$45M / MAY 05th
• Spectral $SPEC / ~$19M / MAY 06th
• Kaspa $KAS / ~$14M / MAY 07th
Sourced from Tokenomist

Funding

• Doppel raises $35M in Series B funding led by Bessemer.

The Degen Farmer