The Binance Always Wins

Alpha Team
May 08, 2024

🔍 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:

💎 Genesis Taikoons NFT whitelist revealed.
🪂 Mode launches $MODE season 1 airdrop.
💰 Lagrange Labs raises $13.2M in funding.
👾 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• Grayscale Ethereum Futures Trust ETF application withdrawn.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.

Alpha

• ⭐️ 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.

Airdrops

• 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

Funding

• ⭐️ 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!

PROTOCOL	ASSETS	APY
KiloEx (Op_bnb)	USDT	198.08%
Ramses V2 (Arbitrum)	USDCUSDC	90.87%
Abracadabra Spell (Arbitrum)	MIMUSDCUSDT	54.66%
Avantis (Base)	USDC	48.72%
Synthetix V3 (Base)	USDC	46.65%
Aerodrome V1 (Base)	USDCSTAR	42.60%
Turbos (Sui)	USDTUSDC	39.13%
PancakeSwap 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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