Zhu Su: „I think VCs have within the span of two months gone from laughing at memecoins, to haughtily insulting them, to realising high fdv / low float meta is over. 95% of the coins underperforming the last month or so will never recover. There is no one to buy unlocks, there's no plan.“

https://twitter.com/zhusu/status/1790198782531125648

Equalizer (DEX on Fantom): “Don't use Equalizer.Exchange for now.

Please use these alternative Mirrors till then.

equal.eliteness.network (Equalizer on Fantom)
scale.eliteness.network (Equalizer on Base)
equity.eliteness.network (Equity)
clfarm.vip (CL Farms on Base & Fantom)

Please refrain from using the Cross-chain bridge.equalizer, equity analytics, beta sites and v4 sites.

Only the above sites are safe. We are working on restoring the main website and will update you shortly.”

https://twitter.com/Equalizer0x/status/1790301130913960098

Tornado Cash dev Alexey Pertsev gets 64-month prison term after Dutch court finds him guilty of money laundering.

https://www.dlnews.com/articles/regulation/tornado-cash-dev-alexey-pertsev-guilty-of-money-laundering/

Tether announces the signing of a Memorandum of Understanding (MoU) with RAK Digital Assets Oasis (RAK DAO), which is the first step towards the launch of several strategic initiatives to help foster the adoption of Bitcoin technology and stablecoins in Ras Al Khaimah (RAK), the northernmost emirate in the United Arab Emirates.

In collaboration with RAK DAO, Tether will help facilitate crypto payment adoption in the region and design blockchain-focused education programs.

https://tether.io/news/tether-signs-mou-with-rak-dao-to-develop-educational-initiatives-on-bitcoin-and-stablecoins-in-the-ras-al-khaimah-region/

The TON Foundation launches the Open League Summer hackathon with $2 million in rewards.

https://twitter.com/ton_blockchain/status/1790362184859484404

Polymarket has raised $70 million across two rounds, with the most recent raise led by Founders Fund, a spokesperson said.

Ethereum co-founder Vitalik Buterin was among backers.

https://www.bloomberg.com/news/articles/2024-05-14/peter-thiel-s-founders-fund-backs-election-betting-with-polymarket-funding

The State of Wisconsin Investment Board revealed $99 million in BlackRock spot bitcoin ETF and $63 million in Grayscale spot bitcoin ETF.

https://www.theblock.co/post/294380/state-of-wisconsin-investment-board-reveals-163-million-in-spot-bitcoin-etfs

Certik: “We have seen a suspicious transaction affecting Alex Lab.

Initial evidence points to a possible private key compromise.

In total ~$4.3m worth of assets have been transferred to 0x2705.”

https://twitter.com/CertiKAlert/status/1790432967422083329

Crypto Market Daily Review ☀️

The market is down. Market cap is $2.28T. Bitcoin is trading at $61.9K

dropstab | icodrops | twitter | telegram

Sonne Finance has been exploited for $20M with the known donation attack.

The exploiter executed 4 of the transactions when 2-day timelock ends for the creation of markets, and after that, executed the transaction for adding c-factor to the markets.

https://medium.com/@SonneFinance/post-mortem-sonne-finance-exploit-12f3daa82b06

Chain of Alliance has introduced Alliance Games.

Alliance Games offers decentralized hosting, AI-driven game creation, and a blockchain-agnostic platform.

https://twitter.com/chainofalliance/status/1790366487619989582

LayerZero announces that Sybil bounty hunting begins on May 18th, 02:00 UTC.

Bounty reports will be due on May 31st, 23:59 UTC and must contain at least 20 addresses with a clear methodology.

A successful report will result in a bounty hunter receiving 10% of a sybil’s intended token allocation and the sybil receiving nothing.

Self-reporting is open until May 17th, 23:59 UTC. Addresses that self-report as sybil receive 15% of their intended allocation, no questions asked. Addresses that do not self-report and are identified as sybil by its internal report, co-authored with Chaos and Nansen, or found during the bounty process will receive nothing.

https://x.com/layerzero_labs/status/1790470417532018882

The co-founders of Lido are secretly funding a competitor to EigenLayer.

According to several people with knowledge of the matter, the project is called Symbiotic and has drawn backing from not only the Lido co-founders, Konstantin Lomashuk and Vasiliy Shapovalov, through their venture firm Cyber Fund, but also Paradigm.

Symbiotic allows users to "restake" using Lido's staked ether (stETH) token and other popular assets that are not natively compatible with EigenLayer.

https://www.coindesk.com/tech/2024/05/14/lido-co-founders-paradigm-secretly-back-eigenlayer-competitor-as-defi-battle-lines-form/

CoinList is not in control of the delivery of TRIBL tokens and is considering possible legal actions to address this issue.

https://twitter.com/coinlist/status/1790503094595326205

Andrei Grachev stated that DWF Labs is preparing lawsuits against the disseminators of false information.

https://twitter.com/ag_dwf/status/1790290327179260141

Lens Protocol has inroduced Lens Network, an EVM-compatible chain on zkSync’s Stack.

https://twitter.com/LensProtocol/status/1790458242855751950

Robinhood Crypto has announced a series of new features specifically designed for its customers in Europe, including staking, localized apps, crypto rewards for new customers, and updated Learn & Earn modules.

Robinhood Crypto customers can now stake their Solana (SOL) holdings directly through the app.

https://newsroom.aboutrobinhood.com/robinhood-crypto-staking-europe/

MultiversX Foundation supports the launch of the xAlliance community DAO accelerator.

With $100,000 in initial funding from the MultiversX Foundation, xAlliance will help organize events, support builders, incentivize community contributions and grow the ecosystem social layer.

https://multiversx.com/blog/xalliance-community-accelerator
https://twitter.com/MultiversX/status/1790701857674838349

Bybit will list Nyan Heroes (NYAN) on May 21st at 8:00 UTC.

https://x.com/nyanheroes/status/1790653441825763468

Elfin Metaverse has announced that the mainnet it has been building in partnership with Manta Network is now officially live.

https://x.com/elfingames/status/1790714765716881492