📈 Game-Changing May: Ethereum ETF and Key Crypto Developments! 📧 Alphaday May 2024 Newsletter
Dive into the biggest news of the month, from Ethereum ETF approval to groundbreaking advancements in the crypto ecosystem.
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The approval of the Ethereum ETF was hands down the biggest news of the month, impacting many other areas as well. While this approach is far from the “cypherpunk philosophy”, which doesn't make us very happy, it's important to pay attention to what the market is responding to and where the ecosystem is heading. So, we’ve summarized the month for you.
Without further ado, let’s dive in!
🪙 April Crypto Roundup
The Spot Ethereum ETF has been approved.
LayerZero snapshot #1 taken
MicroStrategy has introduced MicroStrategy Orange, a decentralized identity infrastructure built on Bitcoin for enterprises.
A16z $90M Private Purchase of Optimism's OP Token
CyberConnect rebrands to Cyber and launches mainnet.
Gondi's - The NFT lending protocol has passed $100 million in cumulative gross NFT loan originations, having done so after launching only just last summer.
The first independent rollup on Astria, Formachain, has launched, using TIA as the native gas token.
Taiko has transitioned to Mainnet.
The Sandbox decentralizes. The virtual gaming platform just announced the launch of its own DAO, inviting its players to directly participate in steering the project going forward.
Uniswaps Labs and Across Protocol introduce token standard ERC-7683 for better cross-chain interoperability.
Lens Protocol unveils plan for ZK Stack-powered validium chain
Banking giant HSBC leads Series A funding in Marketnode.
Arbitrum surpassed Solana in stablecoin supply in early 2024 (currently at $3.6B vs $3.2B stablecoins respectively), while Base has grown its stablecoin supply from $160M to $2.4B YTD.
As crypto sentiment turned and users became more optimistic, bridge volumes have increased since September 2023. Bridge volumes are up ~70% on a weekly basis from $178M in weekly flows to $304M
The US, UK, and Philippines show the most interest in smaller market capitalization cryptocurrencies on onchain DEX trackers.
🏆 Top3s of The Month
The crypto agenda was busy this month! As always, we've picked out the top 3 news, videos, and dashboards that everyone was talking about. Enjoy:
📰 Top 3 Most-Read News
Tornado Cash Developer Alexey Pertsev Found Guilty, Sentenced to 64 Months in Prison by Dutch Court
Bitcoin network celebrates 1 billion transactions as a Satoshi-era wallet awakens
Ethereum ETFs were approved — so why isn’t Ether’s price soaring?
📊 Top 3 Dashboards
✍️ Top 3 Most-Read Blogs
💸 Raises
It's no exaggeration to say that investments have been soaring this month. Perhaps some of these might interest you. 👀
Holograph $11M Strategic
Backed $9.5M Series A
X10 $6.5M Seed
MilkyWay $5M Seed
LazyBear $4M Strategic
Eywa $7M Seed
Airstack $4M Seed
Polymarket $45M Series B
Humanity Protocol $30M Seed
peaq $20M Public Sale
Arch Network $7M Seed
Param Labs $7M Private
Chainstack $6M Strategic
Farcaster $150M Series A
Fantom Foundation $10M Strategic
Kelp DAO 9M Private Sale
Dora Factory $10M Strategic
WetherXM $7.7M Series A
Thank you for joining us for this month’s exciting edition full of noteworthy developments. We're happy to continue bringing you fresh updates and in-depth analyses.
🚀 Until next time, keep thriving!
Alphaday Team