The Binance Always Wins

🔍 The Binance Always Wins: A Major Crypto Crackdown

Arrest and Seizure: Dutch authorities, with pivotal tips from Binance, arrested a key suspect in the ZKasino scam on April 29, seizing $12.2 million in mixed assets. This intervention highlights Binance’s significant role in curtailing a fraud that siphoned over $33 million from investors.

Platform Deception: ZKasino launched on April 20, quickly drawing in over 10,000 hopeful investors with the allure of fast returns. Yet, Binance’s surveillance tools helped unveil that all investments were diverted into a staking protocol, marking a calculated exit scam. This revelation spurred intense legal follow-ups and showcased Binance’s commitment to transparency and investor protection.

Binance's Proactive Security Measures: Beyond just assisting law enforcement, Binance’s proactive measures have forged a safer blockchain ecosystem, drastically reducing crypto crime rates.Read More.

️ On today's Top Picks:

  1. 💎 Genesis Taikoons NFT whitelist revealed.
  2. 🪂 Mode launches $MODE season 1 airdrop.
  3. 💰 Lagrange Labs raises $13.2M in funding.
  4. 👾 LockBit Ransomware developer unmasked.

Read time: ⏰ 6 minutes

Crypto News

• ⭐️ Binance revealed as key player in ZKasino arrest.

Grayscale Ethereum Futures Trust ETF application withdrawn.

SEC argues Ripple $XRP $2B penalty is needed.

LocalMonero to shut down citing “internal and external factors.”

Richard Teng shares full context regarding Tigran Gambaryan's unlawful detention in Nigeria.


• ⭐️ Taiko reveals Genesis Taikoons NFT collection details & whitelist.

Karak launches limited 1.5x Karak XP on LST, Stablecoin, & wBTC deposits.

Reya launches support for Base deposits.

Blackwing posts "Initializing Public Testnet ▓▓▓▓▓▓▓▓▓▓▓▓▓░ 95%" on X.

The Honey Jar introduces Honeycomb NFT point booster on Ambient Finance.

RedStone Oracles launches 2nd RedStone Expedition quest.

Zora acquires mint[.]fun & releases free "Fun times ahead !!!" NFT.


Orderly Airdrop Strategy by Earndrop.

• ⭐️ Mode launches $MODE season 1 airdrop.

Avail launches $AVAIL Unification Drop phase 2.

Ekubo launches $EKUBO airdrop.

Phaver introduces $SOCIAL season 1 airdrop.

Masa launches $MASA airdrop eligibility checker.

Finance News

Susquehanna discloses $1.3B purchases of Spot Bitcoin ETFs.

Ark Invest sells ~$15M of Coinbase $COIN shares.

Amazon $AMZN Web Services to invest another $9B into Singapore.

Security and Exploits

• ⭐️ Authorities unmask & sanction LockBit Ransomware developer.

Bored Ape holder loses 3 Bored Ape NFTs due to phishing scam.

Token Unlocks

• Euler / 67.94K $EUL / ~$414K / MAY 09
• Moonbeam / 3.04M $GLMR / ~$879K / MAY 11
• Aptos / 11.31M $APT / ~$99M / MAY 12


• ⭐️ Lagrange Labs, a ZK coprocessing protocol; raises $13.2M in Seed funding led by Founders Fund.

Botanix Labs, an EVM L2 on Bitcoin; raises $11.5M in Pre-Seed & Seed funding.

Lava Network, a modular network; raises $11M in Strategic funding.

Owlto Finance, an intent-centric interoperability protocol; raises $8M in Strategic funding led by Bixin Ventures & CE Innovation Capital.

ZKM, a general-purpose zkVM; raises $5M in Pre-Series A funding led by OKX Ventures.

Ambient Network, a network of environmental sensors & ambient data; raises $2M in Seed funding led by Borderless.

Electron, a proof aggregator for Ethereum; raises $1M in Seed funding.

The Degen Farmer

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

KiloEx logoKiloEx (Op_bnb)USDT198.08%
Ramses V2 logoRamses V2 (Arbitrum)USDCUSDC90.87%
Abracadabra Spell logoAbracadabra Spell (Arbitrum)MIMUSDCUSDT54.66%
Avantis logoAvantis (Base)USDC48.72%
Synthetix V3 logoSynthetix V3 (Base)USDC46.65%
Aerodrome V1 logoAerodrome V1 (Base)USDCSTAR42.60%
Turbos logoTurbos (Sui)USDTUSDC39.13%
PancakeSwap AMM V3 logoPancakeSwap AMM V3 (Arbitrum)USDT+USD+39.03%
. . .

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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