Jack Dorsey's financial technology company, Block (formerly known as Square), announced on May 6th that it plans to issue $1.5 billion in preferred notes to qualified institutional investors through private placement.

LayerZero Labs announced that it has been working with Chaos Labs and Nansen to compile a witch detection report. They will consider the total weighted transactions of each user in all LayerZero applications to ensure consistency between TGE, developers, and long-term users. The report will be released after the deadline for self-reporting witches.

Germany's state-owned development bank Kredittanstalt fuer Wiederaufbau (KfW) plans to issue a blockchain digital bond with a minimum size of 100 million euros. Insiders revealed that the bond is expected to mature on December 31, 2025. KfW is reportedly in discussions with European institutional investors during the preparation phase over the next few weeks to allow investors time to become familiar with the transaction. The transaction is expected to be completed in the summer.

Bryan Pellegrino, co-founder and CEO of LayerZero, stated on social media that the "Self-Report Sybil Activity" is not targeting individual users, but rather large industrial witch farms (studios).Earlier, LayerZero Labs launched the "Self-Report Sybil Activity" plan, which allows witch addresses to self-report related addresses on a designated page and receive an expected allocation of 15%, without answering any questions. The deadline is May 17th, 19:59:59.

According to Spot On Chain monitoring, MakerDAO has been depositing MKR into CEX. Two hours ago, the multi-signature wallet 0xbba (possibly MakerDAO) deposited 750 MKR (approximately $2.19 million) at an average price of $2920 to Binance.

On May 6th, ZeroLend, a decentralized lending protocol, announced that ZERO airdrop claiming will be opened on Linea at 15:30 on May 6th, and ZERO trading will be opened at 16:00. The Zero Gravity points and earlyZERO (1 earlyZERO = 1 ZERO) accumulated by users will be automatically converted to ZERO and displayed on the reward page. In terms of airdrop distribution, ZeroLend will distribute 18% of the token supply to the community, of which 5% will be allocated to Zero Gravity participants and 13% will be allocated to earlyZERO holders. ZeroLend stated that a snapshot will be taken near TGE. ZERO stakers will receive voting rights, staking rewards, and potential future airdrops based on their voting power. If staked for more than 1 year, a staking bonus of 5%-20% can be obtained.

Decentralized perpetual contract trading platform Paradex on the X platform released its Q2 roadmap, with the following highlights:

In a remarkable achievement, bitSmiley's Alphanet V1 skyrocketed to over $24 million in TVL within just 24 hours of its launch with over 6 million bitUSD stablecoins minted through over-collateralization. bitSmiley stands as a pioneering initiative, introducing stablecoins by over-collateralizing Bitcoin.

Vitalik Buterin, co-founder of Ethereum, stated on social media that PoW is also quite centralized. It just hasn't been discussed too much because everyone knows it's just a temporary stage before transitioning to PoS. This doesn't even involve how to potentially avoid ASICs, simply because the upcoming PoS transition means there's no incentive to build them.

According to on-chain analyst Yu Jin's monitoring, with last night's decline, the ETH/BTC exchange rate fell to a minimum of 0.047. Six hours ago, a whale who has been longing for the ETH/BTC exchange rate since March 2023 experienced liquidation again as the health rate of the loan in Aave fell below 1, and liquidated 2701 ETH (worth about 8.74 million US dollars) to repay the 123.7 WBTC loan. Currently, the whale's loan health rate in Aave is 1.01, still on the edge of the liquidation line. If the ETH/BTC exchange rate continues to decline, its collateral will continue to be liquidated.