Summary of the Latest Developments in the Global Cryptocurrency and Blockchain Industry

The Dutch court sentenced TORNADO CASH developer ALEXEY PERTSEV to 64 months in prison for money laundering, with the possibility to appeal within 14 days. Former SEC chairman stated that the return of MEME stocks is troubling, but ROARING KITTY's actions are legal. LAYERZERO announced that the Witch Bounty event will start on May 18 at 10:00. MAKERDAO is set to launch its first SUBDAO SPARK. OPENAI's Chief Scientist ILYA SUTSKEVER is set to resign. LENS PROTOCOL is developing the blockchain network LENS NETWORK. SONNE FINANCE suffered an attack with losses exceeding $20 million and has suspended its OPTIMISM market. The ZKSYNC V24 mainnet upgrade will take place around 4:00 PM on May 16. The Wisconsin Investment Board has purchased $99 million of BlackRock's IBIT. Sources reveal that LIDO Co-founder and PARADIGM are investing in the re-staking project SYMBIOTIC. The crypto prediction market POLYMARKET completed a total of $70 million in two funding rounds, with FOUNDERS FUND leading. Tokenized reinsurance RWA platform RE raised $7 million in a new funding round, with ELECTRIC CAPITAL leading. SOLANA's on-chain DEX ZETA MARKETS raised $5 million in funding, with ELECTRIC CAPITAL leading. The ZK project HYLÉ raised $2.6 million in funding, with FRAMEWORK VENTURES leading. The liquidity restaking protocol YIELDNEST announced the launch of its mainnet and introduced the SEEDS and PIONEERS programs. Former CFTC chairman J. CHRISTOPHER GIANCARLO joins stablecoin issuer PAXOS's board of directors.