SEC Sues Uniswap

📜 SEC Targets Uniswap

SEC's Legal Move: The SEC issued a Wells Notice to Uniswap, signaling a lawsuit and underscoring its effort to regulate the crypto sector.

Uniswap Founder Reacts: Hayden Adams of Uniswap, disappointed by the SEC's action, criticized the lack of clear rules and pledged to defend.

Broader Implications: This lawsuit, part of the SEC's broader push against crypto entities, could lead to a protracted legal battle. Read More.

️ On today's Top Picks:

  1. 🚀 Swell launches Layer 2 pre-launch.
  2. 📈 US Inflation rises to 3.5%.
  3. 👾 Microsoft releases April 2024 security updates.
  4. 💸 Monad raises $225M in funding.

Read time: ⏰ 5 minutes

Crypto News

Hong Kong set to approve Bitcoin ETFs in April according to people familiar with the matter.

Binance weighing a few jurisdictions for its headquarters.

Former FTX executive, Ryan Salame; sentencing set for May 28th.

EigenLayer $EIGEN launches EigenLayer & EigenDA Mainnet.

SushiSwap $SUSHI DAO controversially votes to transfer control of ~$50M treasury to Sushi Labs.

Circle launches native $USDC issued by Circle on zkSync.


• ⭐️ Swell launches Layer 2 pre-launch deposits which will reward airdrops & EigenLayer points.

RedStone Oracles launches RedStone Expedition Sommelier quest on Galxe.

deBridge launches deBridge Points which will, " a crucial role in handing power over"

Layer N posts, "testnet loading ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓░░ 90%" on X.

Plena Airdrop Strategy by Earndrop.

Zeta Markets introduces $Z token with 10% (100M) allocated for airdrops.

Stepn airdrops FSL Points which can be swapped for $GMT to Genesis Holders.

Omni Network posts, "..$OMNI will of course be distributed to all of the Omnitrons.." on X.

Parallel Network posts, "..All Parallel users will be eligible for an upcoming points airdrop!.." on X.

Masa airdrop to go live ~30 days after $MASA token and network launch.

Finance News

• ⭐️ US Inflation rises to 3.5% from 3.2%, higher than expectations.

US President Biden states inflation data may delay interest rate cuts.

Security and Exploits

• ⭐️ Microsoft releases April 2024 security updates fixing 149 vulnerabilities.

eXotic Visit Android Malware campaign targeting users in India & Pakistan.

Token Unlocks

• 1Inch / 214.29K $1INCH / ~$125K / APR 10
• Moonbeam / 3.04M $GLMR / ~$1.4M / APR 10
• Euler / 76.72K $EUL / ~$434K / APR 11
• Aptos / 24.84M $APT / ~$319M / APR 12
• CyberConnect / 886.12K $CYBER / ~$12M / APR 14
• Starknet / 64M $STRK / ~$122M / APR 14


• ⭐️ Monad, an Ethereum-compatible L1; raises $225M in funding led by Paradigm.

Auradine, a Bitcoin mining company; raises $80M in Series B funding.

Mezo, a Bitcoin economic layer; raises $21M in Series A funding led by Pantera Capital.

Alpen Labs, a zk-enabled infrastructure on Bitcoin; raises $10.6M in Seed funding led by Ribbit Capital.

Sapien AI, a data labeling company; raises $5M in Seed funding.

Tomo, an all-in-one multichain web3 social wallet; raises $3.5M in Seed funding led by Polychain Capital.

OpenTrade, an institutional lending & yield product; raises $3.2M in Seed funding.

Storm Labs, an open-source software development studio; raises $3M in Pre-Seed funding led by Electric Capital.

Zoth, an ecosystem that connects TradFi & DeFi; raises $2.5M in funding led by Blockchain Founders Fund.

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)ZUSDC241.97%
Turbos logoTurbos (Sui)USDTUSDC106.20%
Orbit Protocol logoOrbit Protocol (Blast)USDB83.71%
Aerodrome logoAerodrome (Base)USDCSTAR83.56%
Notional V3 logoNotional V3 (Ethereum)NUSDC64.88%
Morpho Blue logoMorpho Blue (Ethereum)USDEDAI59.99%
Cetus logoCetus (Sui)USDYUSDC51.98%
Velodrome V2 logoVelodrome V2 (Optimism)USDCDOLA50.01%
. . .

Plena SuperApp Wallet: A road to TGE!

Plena is a "Superapp Wallet" that uses account abstraction (self-custodial), and their TGE is close.

You can do what you'd expect from a mobile wallet: import/create seeds, buy/sell, invest in strategies.

Plena is having an airdrop campaign before their TGE later this month 🪂. They partnered with Galxe to airdrop $PLENA to community members who complete their tasks.

How to?: Go into Galxe and follow the tasks. We are currently in week 5 of 8, so there's still time to get in!

👉 Get $PLENA by doing Galxe tasks

. . .

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

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