💰Phishing Scam Behind $364M in Crypto Losses in April: CertiK

gm Defiers!

The cryptocurrency market held steady on Friday following modest gains the previous day. Bitcoin (BTC) hovered around $97,000, while Ethereum (ETH) remained near $1,850, showing little movement from Thursday's levels.

In other news, Axiom has surged to become the third-largest revenue generator in the space, thanks to a frenzy of meme-driven trading.

Plus, Virtuals Protocol’s VIRTUAL token is up nearly 130% this week.

✍️ In today’s newsletter:

• CertiK reported a single phishing attack is behind the bulk of April crypto losses
• Ethereum L2 Aztec rolled out its public testnet
• Analysts predict Dogecoin ETF has higher chances than Avalanche, Cardano, and Polkadot
• Sonic’s token surged ahead of summit
• AI agent token VIRTUAL jumped 32%
• Axiom became the third most profitable platform in DeFi

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💰A Single Phishing Attack Drives $364M in April Crypto Losses: CertiK

April experienced over $364 million lost to crypto hacks and scams, with a single phishing attack accounting for nearly $330 million, according to CertiK. The staggering figure marks a 1,097% jump from March’s losses.

🕵🏻Ethereum L2 Aztec Launches Public Testnet to Make Privacy ‘the Norm, not the Exception’

Aztec Network launched the public testnet for its Ethereum-based Layer 2 on May 1, introducing what it calls the first fully programmable privacy solution for blockchain. The release marks a major milestone after eight years of development and a $100M Series B led by a16z.

🏦Dogecoin ETF More Likely Than Avalanche, Cardano and Polkadot, Says Analyst

Dogecoin has a higher chance of getting a spot ETF than Avalanche, Cardano, or Polkadot, according to Bloomberg Intelligence, which gave the memecoin an 80% approval odds.

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📈Sonic Rallies Ahead of Sonic Summit

Sonic’s S token jumped 17% on May 1 ahead of next week’s Sonic Summit, with speculation around potential announcements driving momentum. The rally followed a Binance Wallet integration.

📣AI Agent Token VIRTUAL Surges 32% on Genesis Launch Updates

Virtuals Protocol’s VIRTUAL token surged nearly 30% on May 1 after unveiling new features for its AI agent token launchpad, Genesis. The update aims to boost transparency for token vesting and follows a Binance.US listing.

💸Axiom Is Now the Third Most Profitable Platform in DeFi

Fueled by the memecoin trading boom, decentralized platform Axiom has become the third-largest revenue generator in DeFi, trailing only Tether and Circle. Axiom hit a record $2 million in daily revenue on April 30.

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