SpaceX's upcoming IPO prospectus to be released soon, Starship emerges as a core value narrative

May 20th — LayerZero has released its incident report on the KelpDAO rsETH exploit. The KelpDAO rsETH bridge, built on LayerZero’s cross-chain messaging protocol, was breached on April 18, resulting in the theft of approximately 116,500 rsETH (valued at around $292 million). Multiple security firms have attributed the attack to the North Korean hacker group TraderTraitor (also known as UNC4899). Notably, the incident did not impact LayerZero’s core protocol or other decentralized applications (OApps)—it targeted exclusively KelpDAO’s bridge, which relied on a single validator setup. The attack timeline began on March 6: Threat actors used social engineering to steal session keys from LayerZero developers, infiltrated their RPC cloud environment, and poisoned internal RPC nodes. These nodes were patched to return normal responses to monitoring tools while feeding falsified blockchain state data to LayerZero’s Decentralized Validator Network (DVN). Next, the attacker launched a denial-o

May 20: GameStop (GME.N) has raised its stake in eBay from around 5% to 6.55%. On May 12, eBay rejected GameStop’s roughly $56 billion acquisition offer, describing it as “neither credible nor attractive.” Earlier on May 4, GameStop proactively made a bid to acquire U.S. online marketplace eBay for approximately $56 billion. Cohen, GameStop’s CEO, noted that the company already held a roughly 5% stake in eBay, and the proposal would offer $125 per share in a combination of cash and stock. Should eBay decline this offer, Cohen stated he is prepared to launch a proxy fight and will present the acquisition proposal directly to eBay’s shareholders.

May 20: The Hyperliquid ETF (ticker: THYP) — launched last Tuesday by crypto asset management firm 21Shares — has seen its trading volume steadily rise in recent sessions. Daily volumes now land in the tens of millions of dollars, roughly eight times the $1.8 million it recorded on its first day of trading. Tonight, HYPE is back above $50 for the first time in 240 days. The rally is being fueled by the on-chain IPO frenzy sparked by major AI giants, which is helping accelerate value discovery for Perp DEX platforms.

Crypto Alert: Coinbase will launch spot trading for Nexus (NEX) starting May 20th.

May 20th: Web3 user-generated content platform Tomoland announced it has closed a $2 million funding round. Sky9 Capital led the investment, with participation from WAGMI Ventures, Aureus Dealers, and angel investors hailing from Meta, Depinx Capital, Netease, and Virtuals. The new funds will be used to build a system that merges user-generated content with Web3 ownership, further advancing the integration of the gaming ecosystem and the broader Web3 economy.

On May 20th, AI startup Viktor announced the close of a $75 million Series A funding round. The round was led by London-based venture capital firm Accel, with participation from Bek Ventures, Kaya VC, Inovo VC, and Tenacity Capital. Angel investors joining the round include Slack co-founders Stewart Butterfield and Cal Henderson, as well as Synthesia’s CEO. Viktor is an AI virtual assistant embedded in Slack and Microsoft Teams, designed to integrate with a range of enterprise tools such as Google Drive, Meta Ads, Notion, and Shopify. It boasts persistent memory, enabling teams to leverage it for tasks like pulling reports, building internal applications, and streamlining their workflows.