AltLayer Begins ALT Airdrop With $100 Million Worth of Tokens

Bitcoin ETFs saw a surge in institutional investment, with $381.3 million in net inflows on Monday, the highest since January. This shift follows weeks of lukewarm demand due to macro uncertainty and liquidity concerns.

The Full Federal Court of Australia ruled in favor of crypto lender Block Earner, overturning previous findings that its "Earner" product required licensing. The court dismissed ASIC's appeal for penalties and ordered the regulator to cover legal costs.

Bithumb is restructuring to prepare for an IPO by splitting into two entities: Bithumb Korea for the core crypto exchange business seeking a public listing, and Bithumb A for venture investments and new initiatives. The reorganization will be effective on July 31, with Bithumb A overseeing investment arms and partnerships.

Jesse Pollak defended Base's focus on creators, countering criticism from Pump.fun co-founder Alon Cohen. The recent onchain campaign triggered a frenzy, with the token's market cap crashing by 92% within hours.

Galaxy Digital reportedly exchanged $100 million worth of ETH for SOL, transferring 65,600 ETH to Binance for 752,240 SOL. Standard Chartered's note on ETH's "structural decline" may have influenced this move, as SOL's market performance has been more favorable recently.

Following the death of Pope Francis, the Solana-based meme coin LUCE experienced a 45% surge in value, with a trading volume increase to $60.27 million. Despite being unofficial, LUCE has attracted 44,800 holders and remains down 95% from its peak.

WazirX is set to resume operations and compensate creditors pending a court hearing in Singapore next month. The company's parent, Zettai, has completed necessary steps for a sanction hearing on May 13 at the Singapore High Court to approve its restructuring and compensation scheme.

Paul Atkins, the new SEC Chairman, brings a crypto-friendly approach, aiming to facilitate capital formation, maintain market efficiency, and protect investors. He plans to resign from his private sector role at Patomak Global Partners within 90 days of confirmation.

The Circle Payments Network (CPN) aims to revolutionize cross-border payments by enabling instant, 24/7 transactions using stablecoins like USDC and EURC. Over 20 partners, including dLocal and WorldRemit, are already on board, focusing on emerging markets and remittance corridors.

Upexi, a Nasdaq-listed company, raised $100 million with 95% allocated to establish a Solana treasury. GSR led the funding round, causing Upexi shares to surge over 300% in a day.