Financial Markets Remain Stable Amid Political Debates and Tech Sector Controversies

GM anon ☕🐺

In today’s Alpha Bytes👇

Financial markets are stable today (somewhat) without major events.

Background discussions include political debates between Trump and Biden.

In the tech and legal sectors, the founder of Eclipse faces allegations of sexual misconduct and DWF is under scrutiny, contributing to market unease.

BTC $60,969 (-1.0%), ETH $2,929(-2.0%), SOL $147.47 (+1.9%)

Crypto News 📰 

• Biden administration says president would veto legislation that would allow highly regulated financial firms to custody Bitcoin and Crypto 

• Trump comes out in support of crypto, says he will stop hostility and embrace it

• Binance x DWF Labs 

  • Binance surveillance team discovered DWF Labs engaged in market manipulation 

  • Binance fired head of surveillance after he flagged DWF market manipulation 

  • DWF Labs denies market manipulation allegations leveled by Binance 

  • Binance reportedly allowed market manipulation 

• Potential vulnerability on Binance’s proof of reserves 

• House of Representatives has passed a bill that overturns controversial SEC guidelines discouraging banks from custodying crypto 

• Introducing the Starknet Seed Grant program 

• Binance, KuCoin win registration with India’s Financial Intelligence Unit 

• President Joe Biden is trying to kill crypto: Charles Hoskinson

• Latam e-commerce giant Mercado Libre holds $40 million in crypto  

• Innovative crypto exchange features debut at Token2049

• Robinhood crypto transaction revenue soars by 232% 

• Misconduct allegations lead founder of Ethereum Layer2 chain Eclipse to step back

• WisdomTree’s crypto business goes live in New York against shareholder wishes 

• SEC does not want Ethereum to transform banking landscape, says Joseph Lubin

• Altcoins will bottom in early summer before bull run: Analyst

• Grayscale Bitcoin ETF nullifies $66.9 million inflows in two days 

• ByBit to launch Notcoin trading and withdrawals next week 

• Exodus CEO frustrated as SEC delays listing 

• Experimental DAO with leadership-as-a-service strategy to launch during live event 

• Sam Bankman-Fried maintains his innocence as he trades rice in jail 

• Jack Dorsey says Bitcoin will be worth at least a million by 2030 

• Bitcoin Ordinals, Runes key to solving the mining subsidy problem 

• Tether slams Deutsche Bank for suggesting its stablecoin could fail 

• Coinbase sees infinite interoperability potential with Ethereum and USDC

• The SEC has taken too expansive a view of crypto: Former commissioner 

• TON gains 14% amid Pantera Capital’s “largest investment ever’ claims

• AI-powered Turbo meme coin sees 40% jump amid growing US trend 

• SpaceCatch launches Season 2 airdrop, enhances its blockchain game 

• BlockFi announces partnership with Coinbase to distribute assets recovered from FTX

• Ripple joins DeRec Alliance asset recovery initiative 

• Axelar to lead the charge in cross-chain interoperability growth 

• Inco to enable developers to create Telegram mini-applications 

• NEAR Protocol X account hack: Here’s what we know 

Project Updates 👷‍♂️

• Update on ZKasino wallet movements 

• Frontrun Market announces it is shutting down 

• @getmasafi airdrop eligibility checker live 

• Three Sigma announces zkAuth

• Gmx_io to deploy on Solana 

• HermeticaFi introduces USDh 

• Lyra Finance reveals details about LDX airdrop 

• MakerDAO updates SubDAO details 

• @thenotcoin TGE announced on May 16th 

• Introducing FairyCow: Encrypted CoW swap orders 

• MandeNetwork unveils airdrop checker 

• Gummi announces partnership with Kodiak

• MixMob Racer 1 announces iOS and Android launch dates 

• Scallop announces ecosystem grant program 

• Injective announces partnership with Arbitrum to pioneer novel interoperable EVM infrastructure 

• GMX deploying on Solana

• DEX Screener integrates HyperLiquid L1

• Optimism’s Superchain now supports Layer3 chains via OP Stack

Interesting Threads🧵 

• 0xNairolf explains Lagrange 

• A thread by @DistilledCrypto on what is retail 

• An AO deepdive 

• A thread on multidimensional gas pricing by Vitalik Buterin 

• A list of 100x underdog AI projects just beginning their hyper cycle growth 

• Move-based Layer1: Talus Network 

• Everything you need to know about @fantasy_top

Fundraise 🤑

• NuLink (Blockchain service) raises $1.6 million in strategic round led by @DWFLabs, @PoolzVentures, and @ViabtcCapital 

• @lagrangedev raises $13.2 million in round led by Founders Fund, Archetype, 1kx Network, Maven11 Capital, Volt Capital, and others 

• Owlto Finance raises $8 million in round led by Bixin Ventures and CE Innovation Capital 

• Ambient Network raises $2 million in round led by Borderless Capital 

Launches 🚀

• Isekai Money 

• DODOchain phase 1 

• Ekubo airdrop and TGE 

• Peaq Coinlist IDO

• Scalepod

• 0xForm

• Sovryn DEX 2.0 

That's a wrap for today, fren!

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