📊 Cryptocurrency funds lose funds for the third week in a row

CoinShares' report on financial flows into crypto products over the past week shows an outflow of funds for the third week in a row, reaching a total of $435 million. This outflow is the largest since March this year.

🟠 BTC - outflows totaled $423mln.

🟣 ETH - outflows totaled $38mln.

🔵 Altcoins saw an inflow of $7mln

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🚀 Joining the Promising Testnet by Eclipse

ℹ️Eclipse is building the fastest Layer 2 Ethereum using the Solana virtual machine, allowing developers to harness all the benefits of dedicated bandwidth without any drawbacks. The project has raised $65 million from Polychain Capital, Placeholder Ventures, Hack VC, and others.

What to do:

🖤 First, you'll need to download the Eclipse wallet on Google Chrome.
🖤 Head to GitHub and download the archive, then enable developer mode and load the extension
🖤 Claim test $ETH on the Sepolia network
🖤 Transfer $ETH to the Eclipse network via the bridge
🖤 Make swaps and provide liquidity on Invariant
🖤 Trade on OpenBook
🖤 Don't forget about Discord and stay active there.

A promising project with significant investment from top funds, a strong Twitter presence. Mainnet launch is imminent, and there may be a drop or the testnet could serve as an additional multiplier. Given that activity without investment is available, it's not recommended for low banks to skip out.

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❤️ BlackRock and Fidelity currently have 428,108 BTC worth over $27 billion for their spot BTC-ETFs

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💎 A Bridge That Will Surely Reward Users

A fairly old project DeBridge has been operating since 2021, in the seed round the funds put in $5.5mn, there will likely be more rounds before TGE.

Recently, they launched a points system that will be converted into tokens. Currently, you can earn 100 points for every $ burned.

🖤 To start earning rewards for yourself, visit the website, bridge, and farm points.

An important note: points count towards fees, not volume.

We recommend not to miss out on this opportunity. By spending just ~$50 on fees, you can immediately enter the top 10% of users, providing a very promising prospect for receiving nice rewards.

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😃 Layerzero takes a stand against Sybils

Just half an hour ago, LayerZero rolled out an article proposing that Sybils surrender for 15% of their intended drop.

➡️ You can read the full article here.

Examples of what they consider Sybil activity in LayerZero:

🟢 If you're a single entity with tens, hundreds, or thousands of addresses engaged in industrial farming.
🟢 If you've created a "priceless" NFT just to move it between networks.
🟢 If you've used popular apps for "Sybil farming," such as Merkly, L2Pass, L2Marathon, etc.
🟢 If you've been transferring $0.01 back and forth between networks just to touch the network.
🟢 If you think you might be a Sybil, chances are you are.

If you consider yourself a Sybil, you have two options:

1. Surrender and receive 15% of your planned distribution. The deadline for this is May 17. You can also surrender other Sybils for 10%.

2. If you're already marked by their system, there will be no drop for you.

🏳️ You can surrender here - sybil.layerzero.network

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Layerzero possible Eligibility checker

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📈 Today the market is in the green, with most coins showing gains. BTC is trading around $63,100, while ETH is around $3,110.

⭕ Fear/Greed Index: 56 - neutral
📈 Longs/Shorts 24h: 51.1% / 48.9%

🗞 Important news you might have missed:

📍 Grayscale's Bitcoin ETF sees its first inflow since losing billions in January.

📍 Arthur Hayes predicts that Bitcoin is poised for sustainable price growth.

📍 Argentina has taken steps towards legalizing crypto under a comprehensive law.

📍 Tether intends to verify the legality of all USDT transactions on the secondary market in partnership with Chainalysis.

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Movement update

The project has launched Galxe campaign, with simple dailies.
Don't miss it, because lately projects take into account activity on galxe when giving out airdrop.

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Top 7 coin unlocks for next week

Aptos - $102.91M
Internet Computer - $43.02M
Karate Combat - $29.66M
Masa - $27.80M
GMT - $23.68M
DAO Maker - $13.25M
Oasys - $10.17M

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😎 TON and BASE are the most attractive networks at the moment

🚀 TVL + 43% per month in TON
🚀 TVL + 24% per month in BASE

🌐 At the same time, most other networks have lost TVL volumes. For example: SOL - 12%, Polygon - 10%, BSC - 9%

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Notcoin has added a page on CoinMarketCap 👀

Will there be a listing this week?

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🤖 Collect Free Coins from NEAR!

🖤 Difficulty - Easy
🖤 Costs - None

ℹ️ HERE Wallet - an app from the NEAR project on Telegram. HOT token - as claimed by the team, it's an important element for the development of the NEAR ecosystem within Telegram. Recently, they announced that the wallet will work not only on the NEAR network but also on Ethereum, Base, Polygon, TON, Solana, and other blockchains. In other words, the wallet is becoming multi-chain, and the utility of the HOT token is increasing.

How to start mining HOT?
• Go to the bot.
• Create a wallet and save the seed phrase.
• Once you're in your wallet, look for the "Claim your First Hot" tab and click Claim. You'll receive your first 0.01 HOT, and your mining will be activated.

• Then simply visit Storage every 2 hours and claim your HOT. But not earlier, because if you claim too often, you'll consume all the Gas.

We know the project has been around for a while, but considering that free mining continues and the wallet keeps progressing in development, we believe it's not too late to start. Skipping this opportunity is definitely not advised, especially for newcomers.

💎 Gem Hunters

🙂 Get Early Access to the New SocialFi - Kiosk!

ℹ️Kiosk is a fresh project aiming to blend social activity with blockchain. It's in its earliest stages, yet it's already backed by a whopping $10 million from the folks at top fund a16z, making it incredibly intriguing.

What's the drill?

• Click the link
• Mint NFTs
• Stay tuned for announcements

This NFT grants us early user status and future access to their platform, and as we know, projects often generously reward their beta testers.

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😎 Don't miss the drop from Initia!

✍️ Difficulty - medium
🪙 Costs - no investment required

ℹ️ Initia is a modular platform for connecting blockchains, allowing developers to create L2 chains based on any VM. They've raised $7.5 million from Delphi Digital, Hack VC, and others, with undisclosed investment from Binance Labs as well.

What's the plan?

• Go to Galxe
• Complete available tasks + quiz (answers: B, C, B, C, B, B, B, C, B, D)
• Try to snag roles on Discord

Another early-stage project with solid investment, and most importantly, Binance is on board. We recommend not skipping this opportunity, as we have a chance to become early users. And don't ignore the roles on Discord; they could provide some tasty rewards.

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Brian stated that only 6.67-13.33% of addresses will be able to get AirDrop from LayerZero🚬

LayerZero CEO stated that almost half of the addresses have only made one transaction and out of 6 million participants only 400,000 - 800,000 wallets are real people, the rest are owned by multi-hackers.

After May 18, LayerZero will publish a “list of multiackers” and most likely they will get nothing.

Earlier, LayerZero offered drophunters to voluntarily surrender and get 15% from their farm. Also, LayerZero employees were banned from receiving drops.

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☄️ Participating in Bitfinity testnet

✍️ Difficulty - medium
🪙 Cost - no investment

ℹ️Bitfinity is a Bitcoin scaling network built on ICP and compatible with Ethereum. Funds such as a16z, Polychain, ParaFi invested $7 million in the project. The project is valued at $130 million.

What should be done?

- Add the Bitfinity test network to Metamask
- Claim test tokens
- Do swaps and add liquidity.
- Complete as many Galxe jobs as possible.

Activity is as light as possible, tyr-1 funds on board, in tokenomics 20% is allocated to community, so - do not skip.

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0️⃣ Layer Zero at ~$5

$ZRO was listed on Gate pre-market, and it's already trading at ~$5

Waiting for listings on top exchanges, it seems like May will feed us well, waiting for mini bullrun on altcoins 👀

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⚡️ Recent investments by tier-1 funds

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#KAS 1d

The price showed a good reaction after the removal of the previous swing low of $0.09741, and also on the zone of buyer's interest.

At the moment, we expecting an upward float order to develop from near current price values with a target of 0.156$ and 0.1904$ removal

I take on spot at standard risk🤝

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