Sophon has raised over $60 million.

Entirety goes into ecosystem fund.

The node sale will close on 13th May 2024.

The network is scheduled to launch in Q3 2024.

https://twitter.com/sophon/status/1788606340278968562

CoinList has announced the PEAQ Token Launch.

The purchase period begins on May 9, 2024 at 17:00 UTC and ends on May 16, at 17:00 UTC.

The launch has one public option:
▫️Supply: 252,000,000 tokens (6% of the total supply)
▫️Price: $0.079274
▫️Lockup & Release: 15% unlock at TGE, expected around mid-June 2024, with a 6 month linear release
▫️Initial Purchase Limits: $100.00 minimum, $2,500,000.00 maximum (USDT/USDC only)

https://coinlist.co/peaq

XION is bringing Chain Abstraction to SAGA's ecosystem of chainlets.

https://x.com/burnt_xion/status/1788579205908701352

Binance Holdings Ltd was fined C$6 million ($4.4 million) by Canada’s financial watchdog for breaching money-laundering protections.

The world’s largest crypto exchange received the financial penalty on Tuesday from Canada’s FINTRAC agency for failing to register as a foreign money services business and failing to report virtual currency transactions exceeding C$10,000, the regulatory body said on Thursday.

Binance ceased operations in Canada last year, saying the country’s guidance on stablecoins and investor limits made the market untenable.

https://www.bloomberg.com/news/articles/2024-05-09/binance-fined-4-4-million-by-canada-watchdog-for-rule-breaches

BlockFi will shut down this month, with Coinbase acting as a partner to support its customers' cryptocurrency withdrawals.

Crypto-eligible clients who did not withdraw their digital assets distribution from the BlockFi platform by the deadline of April 28, 2024 at 23:59 UTC (or did not complete an identity verification request by the deadline of May 10, 2024 at 11:59 UTC) from the current round of estate distributions will, rather than such assets being liquidated to cash, have funds made available in kind and can withdraw if they create or have an open and approved Coinbase account.

Additionally, the BlockFi web platform will shut down during May 2024. The specific date remains under consideration given ongoing work and initial distribution, but after this date clients will no longer be able to access the BlockFi platform. The specific date will be separately communicated over the next few weeks.

https://blockfi.com/blockfi-coinbase-distribution-partnership/

Crypto Market Daily Review ☀️

The market is growing. Market cap is $2.35T. Bitcoin is trading at $62.8K

dropstab | icodrops | twitter | telegram

Binance CEO Richard Teng claims Nigerian officials sought $150m from Binance to settle its dispute with the state.

https://www.dlnews.com/articles/people-culture/nigeria-denies-binance-ceo-richard-teng-bribery-claim/

Azuro is joining forces with Chiliz, the blockchain in sports and entertainment, to promote the growth of onchain sport prediction markets.

https://x.com/azuroprotocol/status/1788576050990960834

EIGEN staking is now live on Renzo.

https://twitter.com/RenzoProtocol/status/1788980841344819480

Neel Somani, the founder and CEO of Ethereum scaling company Eclipse, said that he would be stepping back from his role as a "public face" for the company in response to a recent slate of sexual misconduct allegations.

https://www.coindesk.com/business/2024/05/09/sexual-misconduct-allegations-lead-founder-of-ethereum-layer-2-chain-eclipse-to-step-back/

ARK Invest and 21 Shares cut staking component from latest spot Ethereum ETF filing.

https://www.theblock.co/post/293891/ark-invest-and-21-shares-cut-staking-component-from-latest-spot-ethereum-etf-filing

Jupiter has announced the next round of LFG.

The vote will be on 22nd May.

https://x.com/jupiterexchange/status/1788995317272395884

Billionaire Mark Cuban says SEC Chair Gary Gensler has not protected a single investor against crypto fraud.

"All he has done is make it nearly impossible for legitimate crypto companies to operate."

https://x.com/watcherguru/status/1789048911182680231

Layer3 has introduced L3.

Initial Distribution Details:
Identifier: L3
When: Early summer
Total Supply: 300,000,000
Community Allocation: 51% of total supply

Detailed tokenomics will be released by the Layer3 Foundation in June 2024.

The initial airdrop will distribute 5% of the total $L3 supply to early adopters and CUBE minters.

https://x.com/layer3xyz/status/1788932313163932134

Linea: „Thanks to the community, we detected Sybil activity which managed to bypass issuers and attain attestations as though they are individual people. We strive to make our Voyage human-centric, so this caused us to pause distributing LXP. We're working with PoH issuers and Verax proactively to revoke attestations for addresses that are Sybils.”

https://twitter.com/LineaBuild/status/1789318471680958952

The Securities and Exchange Commission will probably deny applications for Ethereum spot exchange-traded funds on May 23.

The lack of meaningful interaction with prospective issuers, coupled with Ethereum’s ambiguous regulatory status, have made analysts pessimistic about the chances.

Not to mention the SEC’s recent investigation into the Ethereum Foundation.

That means spot Ethereum ETFs probably won’t see the light until the end of 2025, Bloomberg Intelligence ETF analyst Eric Balchunas told DL News.

https://www.dlnews.com/articles/markets/us-election-may-decide-fate-of-ethereum-spot-etfs/

Bitcoin Magazine CEO: “For the past month we have been working with the Trump campaign to develop their bitcoin and crypto policy agenda. We proposed a comprehensive executive order for President Trump to sign on day 1. I will be sharing those details soon. This week Trump took the first step, but there is much work to do. We intend to raise a $100m war chest for the campaign to insure the next President of the United States is pro Bitcoin. If you can help, please reach out.”

https://twitter.com/DavidFBailey/status/1789141605544538467

Bitcoin's onchain activity has dipped to its lowest level since 2019.

https://twitter.com/santimentfeed/status/1789383542021169208