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Crypto markets are bleeding and taking a beating today 🥊 CZ was officially sentenced, but only to 4 months. A Solana memecoin hit a $328T market cap - yes, you read that correctly. Early Bitcoin investor nicknamed “Bitcoin Jesus” arrested in alleged $50M tax evaluation. And much more to kickoff another month.

Happy May Day and Happy Scrolling ⛓👇🏼

• CZ, founder of Binance, was sentenced to 4 months in prison for violating money laundering regulations (RT)

• Early Bitcoin investor “Bitcoin Jesus” Roger Ver arrested in Spain for alleged $50M tax evasion (@BitcoinMagazine)

• Coinbase officially integrates Bitcoin Lightning Network (@TheDropNFT)

• Solo BTC miner hits $218K block reward (D)

• Trading officially opened for Hong Kong Bitcoin and Ethereum ETFs (WG)

• Stripe integrates with Avalanche to allow users to buy $AVAX without an exchange (DT)

• Circle passes Tether in stablecoin transaction race (P)

• Moonbirds goes back to copyright ways after Yuga Labs’ announces new direction (BLOCK)

• Crypto markets are down 5% today across the board as global economy is shaken (DT)

• Tether makes massive $200M investment in a neurotech startup (YF)

• Holograph brings total funding to $11M (TD)

• Tokenized Asset Issuer Backed raises $9.5M (M)

• Blockchain gaming startup ‘Games for a Living’ receives $3.2M backing from ‘Clash of Clans’ creator, SuperCell (DT)

• Holograph closes $3M strategic financing round with participation from Mechanism Capital, Selini Capital, and others (BIN)

• STYLE Protocol completes $2M round led by Morningstar Ventures for NFT gaming technology (CNT)

• Moso, an e-commerce x crypto startup, raises $2M from Polygon ventures, DAO5, and more (FSME)

• FishVerse, the first web3 fishing game, closes private round (YF)

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• SEC has been investigating ETH for over a year (BW)

• Australia’s largest stock exchange could list spot BTC ETF by end of 2024 (TB)

• Japan’s web3 embrace could be uncertain (CD)

• Lazarus Group, a North Korean hacking group, has stolen $200M+ in 25 hacks in the last 4 years (ZXBT)

• Two vulnerabilities caught in Optimism testnet (TD)

• Hacks and scams in April hit monthly year low (TB)

• Hong Kong police make more arrests and freeze assets connected to JPEX $403M fraud (DLN)

• BONKKILLER, a Solana memecoin, reached a $320 TRILLION market capitalization in apparent honey pot scam (CT)

• Crypto hacks reduced 67% in April to $60M lost (CT)

• Ethereum has been under SEC investigation since March 2023 (WG)

• Gary Gensler accused of misleading Congress about Ethereum (CD)

• Eigen announces the Eigen Foundation, token, and Season 1 Stakedrop (@eigenfoundation)

• Explanations of the most important concepts of Eigen (@ViktorBunin)

• Ether inflates after gas fees plummet (TB)

• Bitcoin Layer 2 prepares for its largest hard fork (TD)

• BlackRock hosted a Digital Assets Summit for global investors to discuss Bitcoin investments (@JayJacobsCFA)

• Eminem is crypto.com’s most recent spokesperson (C)

• Yuga Labs is going through company restructuring (TB)

• Stablecoin firm Circle goes after another 'Circle’ token with Take Down notice (@CircleOnBase)

• Rumble Kong League, blockchain basketball game, inks deal with Gatorade (DT)

• Solana memecoin WIF reached $41 due to Bybit listing, then falling 95% shortly after (CGP)

REMINDER: WE ARE STILL EARLY! HODL 💎 🚀

• Tether invests $200M in BCI ‘ultimate’ goal (CS)

• Protecting crypto-AI from financial Nihilism (CD)

• Consumer applications that don’t require crypto onboarding for newbies (GG)

• You can use Bitcoin to buy McDonald’s? (@satoshimoneybtc)

• What could go wrong with monolithic blockchains (M)

• A timeline of CZ and Binance’s legal battles (CT)

When your homie asks how many months you have to serve

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