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

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 🎬 

• Spectral Labs airdrop claim live 

• Mode airdrop claim live

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

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🧵

• Messari Crypto thread on the state of Fantom Q1 

• Zezima233 shares his airdrop experience so far this year 

• An overview of Solana’s liquid staking market 

• Inside the Puffer Finance market on Llama Lend 

• The credit hub of DeFi

• DWF Ventures: Different categories and protocols in the RWA space 

• Five perspectives on stablecoins 

• Thread on Points

• Introducing the Talus Network 

• Redacted Research: Introducing the Automata Network 

• An introduction to the Solana MEV

• Implications of EIP-3074 inclusion 

Launches 🚀

• Frens on Base 

• Mode Network Airdrop and TGE 

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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