Base L2 New Token: SEAM Airdrop

Alpha-Team
December 11, 2023

📈 Coinbase Adds SEAM Token

Coinbase Lists SEAM: Coinbase lists SEAM, the governance token of Seamless Protocol, as its airdrop begins, highlighting its unique distribution based on user involvement.

Seamless Protocol's Approach: Launched as a fork on Aave v3, Seamless Protocol is built on Base, focusing on decentralization without raising funds through equity or SEAM token sales.

SEAM Airdrop Details: The total SEAM supply is 100 million, with 69% for the community. Over 5,000 users are eligible for the airdrop, having acquired OG Points and participated in community quests. Read More.

️ On today's Top Picks:

🩸 ~$300M liquidated from cryptocurrency markets as Bitcoin falls below $42K.
📉 ARK sells an additional 335,860 Coinbase $COIN shares.
👾 Wormhole patches Wormhole Aptos contracts.
🔓 Aptos $APT token unlock worth ~$193M occurring today.

Read time: ⏰ 5 minutes

Crypto News

• ⭐️ ~$300M liquidated from cryptocurrency markets as Bitcoin falls below $42K.

• Tether introduces new policy designed to combat activity connected with sanctioned persons on the OFAC SDN list.

• Binance introduces Fusionist $ACE on Binance Launchpool.

• Pudgy Penguins announces Pudgy World, a multiplayer game powered by zkSync.

• Sismo returns funds to investors and plans to deprecate.

Alpha

• Aptos launches Ecosystem Fundamentals campaign on Galxe, Quest One ends tomorrow.

• Fusionist $ACE thread on X by Crypto Snooper.

• ICYMI: Linea DeFi Voyage Wave 7 is live on intract.

• ICYMI: Gyroscope stablecoin $GYD is live.

Airdrops

• Orderly Network airdrop strategy by Earndrop.

• Everything modular thread on X by mztacat

Finance News

• ⭐️ Cathie Wood's ARK sells an additional 335,860 Coinbase $COIN shares worth ~$49.2M.

• Global hedge funds have lowest exposure to financial stocks since COVID-19 crisis.

• US FTC examines Microsoft $MSFT investment in OpenAI to determine if it may violate antitrust laws.

• Nasdaq to pay $4M settlement over apparent Iran sanctions violations.

• US Fed policy decision. (Wed)

Security and Exploits

• Slowmist weekly security report highlights ~$1.91M in estimated losses.

• AffineDeFi exploited for ~$145K.

• ⭐️ Wormhole patches Wormhole Aptos contracts after CertiK reports vulnerability.

• Compound DAO proposal that would award a developer who reported and fixed a vulnerability fails to pass after it falls short of vote quorum.

Token Unlocks

⭐️ • Aptos / 24.48M $APT / ~$193.27M / 11 DEC
• CyberConnect / 1.26M $CYBER / ~$7.79M / 14 DEC
• Flow/ 2.6M $FLOW / ~$1.99M / 15 DEC
• ApeCoin / 15.6M $APE / ~$25.74M / 16 DEC

Funding

• Data shows 3K+ private VC-backed startups have gone out of business this year; collectively raised over $27B.

• GFO-X, a UK regulated crypto derivatives platform, raises $30M in Series B funding led by M&G Investments.

• Nonco, a digital asset brokerage firm; raises $10M in Seed funding led by Valor Capital Group and Hack VC.

• Liquidium, a Bitcoin Ordinals lending platform; raises $1.25+M in Pre-Seed funding.

• Dovi, a Bitcoin Ordinals layer 2 solution; raises an undisclosed amount in a strategic investment from Kucoin Labs.

• ThenaFi, a BNB Chain DEX; raises $600K in a strategic investment from Orbs Network

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PROTOCOL	ASSETS	APY
PancakeSwap AMM V3 (BSC)	USDTBUSD	39.60%
Merkl (Arbitrum)	STEURUSDC	38.77%
Beefy (Arbitrum)	MIMARBUSDCEUSDT	33.39%
Abracadabra (Arbitrum)	MIMUSDCUSDT	32.59%
Venus Core Pool (BSC)	USDC	28.47%
Velodrome V2 (Optimism)	USDVUSDC	28.01%
Aura (Ethereum)	DOLAUSDC	27.43%
Liqwid (Cardano)	IUSD	27.33%

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. . .

That’s it for today’s edition! See you soon.

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