5.18-5.20 Important Industry News｜zkSync officially stated that it is expected to "transfer governance" by the end of June, which may imply an airdrop at the end of June

1. Mainstream Exchange Updates:
● One of Genesis's creditors, Gemini, announced that it will begin returning the first batch of 97% of assets in physical form to customers of the Genesis Earn program by the end of this month.

2. Mainstream Projects & Hot Event Updates:
● LayerZero Labs: The self-reporting phase for witches has ended, with 803,093 addresses preliminarily identified as potential witches. Subsequently, a co-founder of LayerZero stated that addresses mistakenly reported as witches can fill out an appeal form.
● zkSync officials predict they will "hand over governance" by the end of June, possibly implying an airdrop at the end of June.
● Fantom community launched a governance proposal related to Sonic network; users can migrate FTM on a 1:1 ratio to S.
● Tether released its Q1 comprehensive financial data showing direct and indirect holdings in U.S. Treasury bonds valued up to $91 billion USD - surpassing Germany and ranking 19th globally.
● Notcoin announced future plans on Twitter stating that initial activities and products are nearly ready and will launch early next week.
● A suspected Wintermute address spent 2000 SOLs purchasing $MANEKI at $0.0098 per unit.
● The attacker from pump.fun was arrested and detained by UK law enforcement agencies before being bailed out.
● Aevo launched Aevo Airdrops program with Swell Protocol and Zerolend Finance as its first projects.

3. Financing Information Updates:
● Web3 social application Focus Tree completed seed round financing worth $2 million USD with participation from Volt Capital, Psalion VC, StarkWare,Typhon Ventures,Foresight Ventures etc.

4.Regulatory Information Updates:
● Venezuela's Ministry Of Popular Power For Electric Energy (MPPPE) published plans to disconnect cryptocurrency mines from national power grid aiming regulate excessive energy consumption ensuring stable electricity for the public.
● SEC Policy Director Corzo resigned, it is expected that the SEC will continue to be skeptical about cryptocurrencies.