LayerZero Completes Snapshot

📢 LayerZero Airdrop Update

Snapshot Completed: LayerZero announced on Twitter that Snapshot #1 for their upcoming airdrop has been completed. More details are promised soon.

About LayerZero: LayerZero is a cross-chain communication protocol designed to enhance interoperability between different blockchains.

Market Expectations: The market anticipates positive movements from LayerZero, with potential impacts on related cryptocurrencies and projects. Read More.

️ On today's Top Picks:

  1. ⚖️ CZ sentenced to 4 months in prison.
  2. 👀 Nansen hints at helping other teams.
  3. 📈 Federal Reserve leaves interest rates unchanged.
  4. 💰 Securitize raises $47M led by BlackRock.

Read time: ⏰ 8 minutes

Crypto News

• ⭐️ Changpeng Zhao "CZ" sentenced to 4 months in US federal prison.

Roger Ver arrested for alleged mail fraud, tax evasion, & filing false tax returns.

Tether $USDT releases Q1 2024 attestation showing $4.52B profit.

a16z purchased ~$90M of Optimism $OP tokens in early March.

Aave Labs $AAVE proposes Aave V4, Aave Network, Cross-Chain Liquidity Layer, & more.

Hong Kong spot Bitcoin $BTC ETF begins trading.


• ⭐️ LayerZero announces, "Snapshot #1 has been completed," on X.

Nektar Network launches Epoch 1 of Nektar Drops.

Lattice launches Redstone Chain & Plasma Mode.

Reya extends Liquidity Generation Event (LGE) until May 13th.

Bulid On Bitcoin (BOB) launches Mainnet & Season 2 of BOB Fusion.

Bebop launches Base achievement on Rep3.

Jumper to update Loyalty Pass with April XPs in next few days.

Gitcoin Passport updates zkSync stamp.

Farcaster launches version Jaguar along with free NFT on Zora.


Zerolend Airdrop Strategy by Earndrop.

• ⭐️ Nansen posts, "We did a good job with $ARB? Maybe we should help other teams..." on X.

Renzo launches $REZ airdrop with Season 2 incentives coming soon.

Kamino launches $KMNO airdrop.

Mode extends Airdrop 1 until May 5th.

NIM Network launches Mainnet & $NIM airdrop.

Drift launches $DRIFT airdrop eligibility checker.

Masa announces $MASA airdrop details & dates.

Finance News

• ⭐️ US Federal Reserve leaves interest rates unchanged at 5.25%-5.50%.

Microsoft $MSFT to invest $1.7B in Indonesia with cloud services & AI.

JPMorgan Chase $JPM to pay $100M penalty for reporting incomplete trading data.

Johnson & Johnson $JNJ to pay $6.5B over 25 years to settle lawsuits.

Security and Exploits

SlowMist Weekly Security Report highlights ~$2M in losses.

Pike Finance exploited for ~$1.5M due to known vulnerability.

Chinese Police capture suspect for allegedly forging false identities to claim Starknet $STRK airdrops.

Token Unlocks

• Nym / 45.63M $NYM / ~$7M / MAY 03
• Sui / 38.62M $SUI / ~$39M / MAY 03
• Liquity / 657.35K $LQTY / ~$658K / MAY 05
• Galxe / 5.18M $GAL / ~$18M / MAY 05
• Heroes of Mavia / 7.66M $MAVIA / ~$27M / MAY 06


Movement Labs, a network of Move-based blockchains; raises an undisclosed amount in funding from Binance Labs.

• ⭐️ Securitize, a digital asset securities firm; raises $47M in funding led by BlackRock.

Backed, a tokenized asset issuer; raises $9.5M in Series A funding led by Gnosis.

X10, a hybrid cryptocurrency exchange; raises $6.5M in funding.

Agora, an onchain governance platform; raises $5M in Seed funding led by Haun Ventures.

Blade Games, a modular ZK onchain game engine; raises $2.4M in Seed funding co-led by PTC Crypto & IOSG Ventures.

The Degen Farmer

Top stablecoin yield farms of the day, more than $3,000,000 in TVL. DYOR and step up your farming game!

Merkle Trade logoMerkle Trade (Aptos)ZUSDC71.79%
Avantis logoAvantis (Base)USDC63.42%
Notional V3 logoNotional V3 (Arbitrum)NUSDC60.67%
Abracadabra Spell logoAbracadabra Spell (Arbitrum)MIMUSDCUSDT53.80%
Extra Finance logoExtra Finance (Base)DOLAUSDC51.99%
fx Protocol logofx Protocol (Ethereum)DOLAFXUSD47.58%
Turbos logoTurbos (Sui)USDTUSDC46.06%
PancakeSwap AMM V3 logoPancakeSwap AMM V3 (Arbitrum)USDT+USD+43.90%
. . .

Reya: a new L2 with over 200M in liquidity

Airdrop Opportunity 🪂: Reya's LGE is very close, and users that stake can start farming $REYA.

Backed by some of the best: investors include the likes of Coinbase Ventures, Wintermute, Robot Ventures, and more.

Reya Labs (creator of Reya Network) is run by a team of DeFi OGs with multiple successful startups launched in the past, such as Voltz Protocol.

How to get the airdrop? - Users can deposit USDC while the LGE event lasts to get boosted XP. XP is expected to convert into rewards in the future.

👉 Farm $REYA's XP by staking USDC

. . .

That’s it for today’s edition! See you soon.

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