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Montenegro Court Approves Do Kwon's Extradition
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Terra Founder Do Kwon Extradition Approved
🌕 Extradition Approved in Montenegro: A Montenegrin court approved the extradition of Terra founder Do Kwon to South Korea or the U.S. Kwon was arrested in March at Podgorica airport with falsified documents.
Justice Minister's Decision Pending: The Montenegrin Justice Minister will decide on the extradition after Kwon serves a four-month prison sentence in Montenegro for document forgery.
Fraud Charges and Co-Founder's Indictment: Facing multiple fraud charges in the U.S., Kwon is also implicated in terraUSD's collapse. In April, Terra co-founder Daniel Shin was indicted in South Korea for capital market law violations, with $185 million in assets frozen. Read More
☕️ On today's Top Picks:
- 👮 Sam Bankman-Fried allegedly cell mates with former Honduran president and former Mexican police chief.
- ⚽ Atletico Madrid suing Whalefin.
- 🪂 Justin Sun states, "...we will initiate an epic airdrop for users with assets."
- 🩸 Kyber hacked for ~$47M.
Read time: ⏰ 5 minutes
📰 Crypto News
• ⭐️ Infura unveils partners that will power its Decentralized Infrastructure Network (DIN), a decentralized RPC-as-a-service solution.
• US SEC delays decision on Hashdex's application to convert Hashdex Bitcoin futures ETF to spot ETF, but said it would make a decision by Jan 2024.
• Blackrock files for spot Ethereum ETF with US SEC.
• Binance to launch cryptocurrency exchange in Thailand through joint venture with Gulf Energy.
• Tether to invest $500M in Bitcoin mining farms over the next 6 months.
• ⭐️ Nick Johnson, lead developer at Ethereum Name Service; criticizes Unstoppable Domains for patenting blockchain domain technology.
• Aave companies rebrand to Avara that umbrellas Aave, Lens Protocol, GHO, Sonar, and Family.
• EigenLayer launches Stage 2 testnet for EigenLayer and EigenDA that introduces new functionality for restakers, operators, and developers.
• Paxos to launch new USD-backed stablecoin in Singapore.
• Chainflip Labs announces $FLIP Token Generation Event (TGE) set for Nov 23rd.
• Web3 Foundation launches Decentralized Futures, a Polkadot initiative that allocates 20M USD and 5M $DOT to fuel projects.
• US Court dismisses a class-action lawsuit against Tether and Bitfinex.
• New York State Department of Financial Services (NYDFS) unveils new restrictions that mandate cryptocurrency companies submit their coin listing and delisting policies for NYDFS approval.
• a16z crypto releases State of crypto 2023: Spotlight on crypto policy report.
⚡ Alpha
• Olimpio posts Gitcoin Grants 19 thread containing a list of projects to donate to on X.
• Polygon zkEVM Saga Campaign week 5 is live on Intract.
• Stargate launches educational campaign on Galxe.
• Starknet Quest launches LaFamiglia Rose quest in partnership with Nostra Finance.
• Catalyst launches Lynx Testnet - opBNB & BNB Chain quest on Galxe.
• the Farcaster: Fennec Fox NFT on Zora or Warpcast.
• DeBank reveals new Web3 Badge. Users who have a Total Value of Followers (TVF) greater than $1B on DeBank can mint the badge beginning Nov 18th.
🪂 Airdrops
• ⭐️ Pyth Network announces retrospective airdrop claim process is set to open on Nov 20th at 1400 UTC.
• Airdrop Official posts airdrop updates about Jupiter, Pyth, Celestia, Starknet, Linea, and LayerZero on X.
• mztacat posts thread on EtherScore, a Web3 reputation system; on X.
📰 Finance News
• South Korea’s National Pension Service buys ~$20M worth of Coinbase $COIN shares.
• ⭐️ US SEC requests federal judge force Elon Musk to testify regarding his acquisition of X.
• South Korean prosecutors call for Samsung chairman Jay Y. Lee to be jailed on charges of accounting fraud and stock price manipulation.
• Philippines to offer tokenized government treasury bonds worth $179M starting Nov. 20th.
• Exxon Mobil to invest up to $15B in a petrochemical project and carbon capture and storage (CCS) facilities in Indonesia.
🛡 Security and Exploits
• Poloniex deposit and withdrawal services set to resume in the coming week.
• ⭐️ Solana Labs states, "The CertiK video does not reveal any known vulnerability or security threat to Saga holders," in reference to CertiK's claims that the Solana phone has a bootloader vulnerability.
• ZachXBT posts warning regarding a large network of bot accounts impersonating him and other prominent companies that will claim x project is hacked and then lead the victim to a phishing link.
Token Unlocks![](https://abs-0.twimg.com/emoji/v2/svg/1fa99.svg)
• Oasis Network / 196M $ROSE / ~$13.01M / 18 NOV
💰 Funding
• Taproot Wizards, a Bitcoin Ordinals project; raises $7.5M in Seed funding led by Standard Crypto.
• Sleek, a Web3 social network platform; raises $5M in Seed funding
• Shardbound, a Web3 multiplayer collectible tactics game; raises $5M.
• Hinkal, a privacy protocol; raises $4.1M in funding led by Draper Associates.
• Union, a hyper-efficient zero-knowledge interoperability layer; raises $4M in Seed funding led by Galileo.
• Rho Protocol, an onchain interest rates market for institutions; raises $2.2M in pre-Seed funding led by Speedinvest.
• Artifact, a universal player profile platform; raises $2M in pre-Seed funding.
• Nirvana Labs, a blockchain infrastructure company; raises $1.2M in pre-Seed funding.
🌾 The Degen Farmer
PROTOCOL | ASSETS | APY |
---|---|---|
![]() | LUSDUSDC | 32.90% |
![]() | STEURUSDC | 30.63% |
![]() | SUSDC.E | 26.48% |
![]() | USDC | 24.47% |
![]() | DOLAUSDC | 21.11% |
![]() | USDCDOLA | 19.97% |
![]() | TUSDUSDT | 18.92% |
![]() | USDT | 18.82% |
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That's it for today's dose! See you soon.
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