5.9 Important Industry Dynamics

Mainstream Exchange Dynamics:

Binance Contract Trading Platform Launches New BB Limited-Time Event. New contract users and their referrals can participate in this event and share a 42,000 BB token prize pool.

Mainstream Project & Hot Event Dynamics:

Stock and cryptocurrency trading platform Robinhood announced its financial performance data for the first quarter of fiscal year 2024, with transaction-based revenue increasing 59% year-on-year to $329 million.

Nethermind, an Ethereum ecosystem developer, is working with Near and Eigen Labs on the NFFL project to advance blockchain abstraction.

Web3 social application Phaver announced the launch of the token SOCIAL and launched the first season airdrop event. Airdrop inquiries are now open and cannot be purchased or traded on any platform for the time being.

Omni Network, an Ethereum interoperability protocol, announced the launch of Omni Octane "Octane", an open source modular implementation of the EVM and CometBFT (formerly Tendermint) consensus engine, designed to simplify the integration of EVM into any blockchain application.

0x Research said on the X platform that the current cryptocurrency bull cycle may be shorter than previous cycles and is unlikely to climax in a broad altcoin rally.

FTX will conduct the third batch of locked SOL auctions on May 9, and it is not clear how many tokens will be auctioned in this batch.

Japanese crypto trading platform Coincheck will seek to be listed on Nasdaq through SPAC. Coincheck has submitted a proposal on the agreement to the U.S. Securities and Exchange Commission (SEC).

Financing information dynamics:

Crypto startup Lagrange Labs completed $13.2 million in financing, led by Peter Thiel's Founders Fund.

Electron labs completed $1 million in seed round extension financing to build a general ZK proof aggregation layer for Ethereum.

Arbelos completed $28 million in financing, led by Dragonfly, FalcolnX, Circle, Paxos, Polygon and Deribit.

Owlto Finance announced the completion of an $8 million strategic round of financing, which was jointly led by Bixin Ventures and CE Innovation Capital.

Regulatory Information Dynamics:

The U.S. House of Representatives voted to pass a measure aimed at repealing a controversial U.S. Securities and Exchange Commission (SEC) announcement that established certain accounting standards for companies that custody cryptocurrencies.