Exodus Tokenizes on Algorand for NYSE Debut, FTX's Fund Recovery, and MicroStrategy's Bitcoin HODL

M6 Labs Alpha Bytes🚨: 8th May

GM anon ☕

In today’s Alpha Bytes👇

Exodus ($EXOD) takes a groundbreaking step as the first U.S. company to tokenize its stock with trading set to commence on NYSE American starting May 9th.

In a welcome development, FTX customers are on track to recover all funds lost in the platform's collapse.

Meanwhile, Michael Saylor’s MicroStrategy continues to make waves, holding an impressive 1% of all Bitcoin in circulation.

BTC $62,686 (-1.3%), ETH $3,025(-1.44%), SOL $145.56 (-3.6%)

Actionables 🎬 

Crypto News 📰 

  • Exodus ($EXOD) will be tokenized on Algorand, set to trade on NYSE American from the 9th of May 

  • FTX customers are set to recover all funds lost in collapse 

  • Michael Saylor’s MicroStrategy holds 1% of all Bitcoins

  • SEC delays decision on proposed Invesco Galaxy spot Ethereum ETF  

  • $130 billion asset manager Hightower Advisors discloses $68 million investment in spot Bitcoin ETFs

  • Crypto exchange Bitpanda to expand Austrian presence through partnership with Raiffeisen 

  • WBTC thief moves stolen $71 million across multiple crypto wallets 

  • Moonpay announces partnership with BitPay to simplify crypto transactions 

  • Indonesian regulator announces formation of crypto committee to monitor industry operations and compliance 

  • Japanese crypto exchange Coincheck sees Nasdaq listing completion in second, third quarters 

  • SEC calls Ripple’s proposed stablecoin an unregistered crypto asset 

  • Solana meme coin Catwifhat defies market trend with 40% surge 

  • Grayscale withdraws its Ethereum Futures ETF application 

  • Traders rush to short ETH following Grayscale ETF withdrawal

  • Solana could flip Ethereum in transaction fees within a week 

  • Nigerian stakeholders demand Binance reveal identity of bribe agent 

  • Susquehanna International Group adds $1 billion in Bitcoin ETFs to portfolio 

  • Ethereum team lead slams Farcaster over bot manipulation 

  • Imposters of Blockchain.com nabbed and jailed in $5 million crypto scam 

  • Chainalysis discovers sanctioned Russian developer is interacting with Garantex

  • Authorities crack down on Austria-based online crypto scam 

  • OpenSea trading volume plummets as ETH activity falls 

  • Binance releases 18th proof of reserve 

  • Poloniex hacker moves funds for the first time, leaves $182 million untouched

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Project Updates 🔥👷🏼‍♂️

  • Lyra Finance tokenizing derivatives yield on EigenLayer 

  • Gm_dot_ai beta being rolled out 

  • LayerZero Labs shares their sybil analysis updates 

  • Bybit to integrate USDe as a collateral asset 

  • zkSync’s airdrop page suffers potential leak

  • Tabichain announces airdrop season 1 allocations 

  • Aveoxyz adds $AVAIL pre-launch 

  • Perpprotocol introduces Nekodex 

  • SilentDAO introduces its Ghost Layer, modular L1.5 on Ethereum 

  • Aftermath announces new incentives for Vaults 

  • Mode announces Season 2 and S1 details 

  • TopicaDAO testnet is now live 

  • OrangeLayer announces partnership with Flash Protocol 

  • LocalMonero shuts down as crypto privacy services dwindle 

  • QANplatform launches world’s first quantum-resistant, EVM-compatible testnet 

  • BlockDAG expands payment options amid ETH and ADA fluctuations 

  • Ethereum game Fantasy Top pays $1.25 million to Twitter influencers it turned into NFT cards 

  • Solana game MixMob: Racer 1 reveals iOS and Android launch date 

Interesting Threads🧵

Launches 🚀

Fundraise 🤑

  • ProjectZKM raises $5 million in Pre-Series A 

  • Botanix Labs raises $8.5 million

  • Galaxis introduces featured investors Chainlink, Nick Johnson, Rarestone, Taisu Ventures, JohnnyZcash

That's all for today. We hope our crypto news helps you make informed decisions.

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