China's Move Towards Web3 Clarity

️ On today's Top Picks:

Crypto News

• ⭐️ Do Kwon successfully appeals extradition from Montenegro.

• Tether onboards US Secret Service and in the process of adding the FBI.

• ⭐️ Celsius sells $243M worth of Ethereum with over $3.94B in assets remaining.

• Marathon Digital $MARA acquires two Bitcoin mining farms for $178.6M.

• Zcash founder, Zooko Wilcox; steps down from CEO position.

• EthereumPoW $ETHW disbands core development organization to achieve complete autonomy.

• Starknet Argent X users need to update their wallets before tomorrow as feeder gateway deprecates.

Alpha

• Pontem unveils Lumio, the first Move L2 on Ethereum.

• Friend tech releases V2 trailer dated for Spring 2024.

• Taiko launches A Holiday Quest for Knowlege campaign on Galxe.

• RedStone launches Holiday Special campaign on Galxe.

• Braavos launches OG role giveaway on Zealy.

Airdrops

• Cosmos staking tutorial by Earndrop.

• ⭐️ Frame launches airdrop for NFT traders and testnet users.

• Aki Network launches airdrop for Aki Network users.

• Access Protocol airdrops 100K $ACS to Solana Saga owners.

• Dymension tweet stating, "📸" hints at airdrop snapshot.

• Rainbow Wallet airdrops points for Week 1.

• Starkpunks unveils $PUNK token and announces airdrop for NFT holders.

Finance News

• Ark Invest sells another ~$5.5M worth of Coinbase $COIN shares in addition to ~$1.6M worth of Robinhood $HOOD shares.

• Ark Invest sells ~$27M in Grayscale Bitcoin Trust $GBTC and buys ~$26M in Block $SQ.

• Only 60% of student loan borrowers made payments after being unpaused.

• Google $GOOG agrees to pay $700M fine and allow for better competition within the Google Play Store.

• AON $AON to buy NFP, an insurance broker for $13.4B.

• Bird $BRDS files for bankruptcy despite raising $500M.

Security and Exploits

• ⭐️ CertiK reveals OKX iOS app vulnerability and urges users to update to the latest version immediately.

• Ledger to compensate affected victims and no longer allow Blind Signing by June 2024 following recent hack.

• BloXroute to start rejecting transactions from OFAC blacklisted addresses.

• Binance passes SOC 2 Type II compliance audit.

• Xfinity discloses data breach affecting 35M people.

Token Unlocks

• Euler / 123.34K $EUL / ~$392K / DEC 20
• Space ID / 18.49M $ID / ~$5.86M / DEC 21
• Acala / 4.66M $ACA / ~$361K / DEC 24

Funding

• Tres FInance, a Web3 tax services firm; raises $11M in Series A funding.

• Fiat Republic, a Banking-as-a-Service (BaaS) platform; raises $7M in Seed extension funding.

• Grass, an incentivized web scraping protocol; raises $3.5M in Seed funding led by Polychain Capital & Tribe Capital.

• Fyde Treasury Protocol, liquid vaults for treasuries; raises $3.2M in Seed funding.

• Formless, a decentralized network for creators; raises $2.2M in Pre-Seed funding.

• Voi Network, an Algorand fork; raises an undisclosed amount in Seed funding.

• Moove Protocol raises an undisclosed amount led by Morningstar Ventures.

The Degen Farmer