Strategy $MSTR Faces Lawsuit

️ On today's Top Picks:

Crypto News

• Strategy $MSTR buys an additional 7,390 Bitcoin $BTC for ~$764.9M at ~$103,498 per BTC; now holds 576,230 BTC worth ~$61B.

• Vitalik Buterin proposes partially stateless nodes, a new design to reduce hardware burden of running an Ethereum $ETH node; allows users to store only a subset of Ethereum’s data.

• ⭐️ Anza introduces Aplenglow, Solana's $SOL new consensus protocol; lowers transaction finality to 100-150ms (100x reduction).

• US SEC delays decision on several Solana $SOL ETFs; needs more time to digest legal and policy issues related to the applications.

• MetaMask to launch support for Solana $SOL in May; MetaMask's first expansion beyond EVM-compatible chains.

• ⭐️ Circle $USDC reportedly in talks with Coinbase $COIN and Ripple $XRP for a potential acquisition with a valuation of at least $5B; Circle recently rejected a bid from Ripple in April.

• Kraken posts "KRAK the world 🥷🐙" on X; to potentially launch its IPO soon.

• Crypto[.]com $CRO partners with Canary Capital to establish the Canary Cro Trust, a Private Investment Vehicle of CRO for US investors.

• Alchemy acquires DexterLab, a Solana $SOL infrastructure provider, for an undisclosed amount; acquisition to help Alchemy expand its Solana services.

• Digital Asset Investment Products saw $785M of inflows last week; Bitcoin $BTC $557M inflows, Ethereum $ETH $205M inflows.

Alpha

• OpenSea posts "A curious crate appears... Are you using Abstract on OS2 yet? 👀" on X; to potentially launch XP Shipment for Abstract NFT traders soon.

• Caldera launches Catalyst Part I; claim a Caldera username for free.

• ⭐️ Succinct introduces $PROVE token; enables payments, incentivizes provers, and secures the network; initial supply of 1B.

• Camp partners with Clusters; claim a Camp community Cluster for free.

• Fogo Flames Season 1 to end in two weeks; adds "Only the sparks that burn the brightest will get to keep their Flames."

Airdrops

• SOON launches $SOON airdrop eligibility & allocation checker; various NFT holders, various role holders, and more are eligible.

• Zerion launches another WalletConnect $WCT airdrop; Zerion users with Level 6 and above are eligible; snapshot taken on May 19th.

• SatLayer introduces the SatLayer Foundation; to potentially launch SatLayer TGE & airdrop soon.

• ICYMI Weekly Airdrop Recap by Earndrop.

• ICYMI Weekly Airdrop Recap (May 9th) by Earndrop.

Finance News

• JPMorgan $JPM to allow clients to buy Bitcoin $BTC, but it will not custody it; Jamie Dimon, CEO of JPMorgan, reiterated he is still not a fan of Bitcoin.

• ⭐️ Pomerantz LLP files class action lawsuit against Strategy $MSTR; alleges it misled investors about the profitability of its Bitcoin $BTC treasury strategy.

• Metaplanet $3350.T buys an additional 1,004 Bitcoin $BTC for ~$104.8M at ~$104,502 per BTC; now holds 7,800 BTC worth ~$823M.

• US President Trump says Russia wants to do a "large scale" trade deal with the US.

• Key Events This Week by the Kobeissi Letter.

Security and Exploits

• ⭐️ US DOJ launches investigation into Coinbase $COIN cyberattack; Paul Grewal, Coinbase’s chief legal officer, states "We have notified and are working with the DOJ..."

• Mozilla releases Firefox security update; patches two zero-days that could be exploited to access sensitive data or achieve code execution.

• ICYMI Coinbase $COIN discloses cyber criminals stole customer data; affects less than 1% of its users; offers $20M bounty for information.

• ICYMI Google releases Chrome security update; patches high-severity vulnerability that could lead to a full account takeover.

Token Unlocks

• Polyhedra $ZKJ / ~$32M / MAY 19th
• Pyth $PYTH / ~$293M / MAY 19th
Sourced from Tokenomist

The Degen Farmer