Ripple Labs and the US SEC have made new progress in their legal battle, with the SEC submitting its final reply in the remedies phase of the lawsuit. In response to the recent brief on remedies, the SEC questioned Ripple's claim that the blockchain startup's behavior was not reckless, despite the court previously rejecting this "fair notice" defense, but Ripple's legal status should not have "broad uncertainty". The SEC also questioned whether Ripple might maintain its original position in the future, although Ripple has not violated any rules since the XRP lawsuit was launched in 2020. According to the remedy brief, Ripple attempted to downplay its responsibility while emphasizing its cooperation with the SEC since the XRP ICO in 2013. However, the SEC emphasized that under the law, even if Ripple has not engaged in any violations since 2020, the next violation is still expected to be possible. (Cointelegraph)

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.

Whale Alert, a blockchain data tracking service, monitored that a Robinhood wallet starting with "DHQsfy" transferred 100 million DOGE tokens via the Dogecoin blockchain today, and transferred them to an address starting with "DDuXGM", worth over $17.77 million.

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According to Whale Alert, a chain data tracking service, there were two large DOGE transfer transactions today. One address starting with "DDuXGF" transferred 450 million DOGE to Robinhood, worth approximately $62,694,29. The other address starting with "DJfU2p" transferred 56,963,057 DOGE to Binance, worth approximately $7,915,994.