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 court documents submitted by the Southern District of New York, William Morro, a person involved in OneCoin, has been arrested. Prosecutors said Morro lied to banks about the source of funds to conceal the source of funds related to OneCoin. He was involved in transferring $35 million related to OneCoin to an account in Hong Kong and about $6 million to an account in the United States.

CZ has released the Giggle Academy Logo and its design concept. He hopes that the logo can showcase youthfulness, fun, positive energy, and growth while continuing the "Binance tradition":

Grayscale Ethereum Trust (Grayscale ethereum trust) plans to go public on the NYSE Arca (New York Stock Exchange Growth Board Market) with the code "ETHE".

The Financial Times reported that the New York Stock Exchange (NYSE) has had its data analysis team conduct a survey of its members to evaluate their interest in switching to 24/7 trading. The Financial Times stated that this idea has gained increasing attention in recent years, partly due to the increased activity of retail investors caused by the round-the-clock operation of cryptocurrency trading.

The Web3 ecosystem has recently seen a dramatic rise in activity through total value locked in decentralized finance (“DeFi”), volumes on decentralized exchanges (“DEXs”), and stablecoin activity (see the Appendix). Looking at the first quarter of the year, we examine prominent events in the space, including: