Fantom Raises $10M For Sonic

️ On today's Top Picks:

Crypto News

• ⭐️ US SEC Approves all Spot Ethereum ETFs; trading to begin once S-1 forms are approved.

• ⭐️ Solana $SOL & Ripple $XRP ETFs could launch in 2025 according to Standard Chartered.

• Ethereum Foundation $ETH to develop formal policy addressing potential conflicts of interest. 

• Grayscale launches NEAR $NEAR & Stacks $STX Trusts.

• US Senator Cynthia Lummis posts, "We are building a pro-crypto army in Congress." on X.

• US House Of Representatives pass CBDC Anti-Surveillance State Act, an anti-CBDC bill.

• Coinbase $COIN pushes to appeal case against US SEC citing FIT21 vote.

• Delaware Supreme Court rules BitGo’s $100M suit against Galaxy Digital can proceed.

• Worldcoin $WLD served enforcement notice from Hong Kong regulator.

• Kabosu, the face of the Doge meme & Dogecoin $DOGE passes away.

Alpha

• Puffer launches integration on Morpho with $pufETH / $WETH vault.

• Kelp launches native restaking with $wrsETH on zkSync.

• Affine launches $ultraETH Testnet & Test-to-Earn Program.

• Blast to be upgraded to support blobs lowering gas fees on May 27th.

• Build On Bitcoin (BOB) launches Wave 2 of SummerFest on Intract.

• Bebop launches Hop On Scroll achievement on Rep3.

• Stargate announces V2 launch timelines & liquidity migration details.

• Caldera launches Quest #2 of Caldera Crusade on Galxe.

• OpenLayer launches May Quest campaign on Galxe.

Airdrops

• Weekly Airdrop News & Claims by Earndrop.

• ⭐️ Swell TGE to occur in next few weeks & increase token allocation of Season 1.

• Kinto Engen claim & proto-governance proposals are live.

• Binance announces Lista $LISTA on Binance Megadrop.

• Kroma revises tokenomics & increases community airdrop allocation up to 17%.

• ICYMI Zora Airdrop Strategy by Earndrop.

• 11 Airdrop Completely Free To Join by Alpha Drops.

Finance News

• Marathon Digital $MARA to invest $80M in Kenya's energy infrastructure.

• Morgan Stanley $MS CEO James Gorman to step down at year's end.

• South Korea announces $19B support package for its chip industry.

Security and Exploits

• ⭐️ OP Labs & Base participate in Security Alliance security drill to test incident response coordination.

• Google releases Chrome security update patching a high-severity security flaw.

• Threat actors observed using fake websites masquerading as legitimate antivirus software.

• Researchers discover malware 'BLOODALCHEMY' targeting government organizations in Asia.

Token Unlocks

• Acala / 4.66M $ACA / ~$479K / MAY 25
• AltLayer / 105.21M $ALT / ~$35M / MAY 25
• Nym / 25M $NYM / ~$4M / MAY 27
• Yield Guild Games / 18.69M $YGG / ~$15M / MAY 27

Funding

• ⭐️ Fantom Foundation raises $10M in Strategic funding led by Hashed.

• Cysic, a ZK proof generation layer; raises $12M in Pre-Series A funding co-led by HashKey Capital & OKX Ventures.

• Plume, an RWA chain for crypto natives; raises $10M in Seed funding led by Haun Ventures.

• Zaros, a perpetuals DEX powered by boosted (re)staking vaults; raises $1.8M in funding.

• Dora Factory, an infrastructure for staking & governance; raises an undisclosed amount in Strategic funding.