FTX Assets Priced at 2022 Bankruptcy Date

️ On today's Top Picks:

Crypto News

• ⭐️ Coinbase files lawsuit against the SEC after it denied their petition request for transparent crypto rules & regulations.

• ⭐️ Fairshake Super PAC raises $78M to support pro-cryptocurrency US candidates.

• Arbitrum sequencer back online after temporary outage due to flood of inscriptions.

• Argent advises ArgentX wallet users to update to V5.11 before Thursday to avoid any problems any problems after Starknet feeder gateway deprecates.

• Circle launches $EURC stablecoin on Solana.

• Zilliqa block production interrupted due to technical issue as team works to resolve.

• Arweave founder criticizes Irys for planning to fork the protocol while Irys defends their approach.

Alpha

• ⭐️ EigenLayer increasing restaking caps today.

• Namada Shielded Expedition registration is open.

• Linea DeFi Voyage on Intract ending in two days.

• Pheasant Network launches Christmas Carnival campaign on TaskOn.

• Red Bull Formula 1 team releases free Champions Collection NFTs on Sui.

Airdrops

• Avail & EigenDA airdrop strategy by Olimpio.

• Last week in airdrop by Earndrop.

• Xai teases airdrop in tweet stating, "ai_ dr_p soon."

• AsMatch airdrops 10M $ASM to 33K addresses.

• 30+ Projects with point systems by Alpha Drops.

• Thetanuts Finance airdrop strategy by Airdrop Official.

Finance News

• Americans rack up $1 Trillion in credit card debt.

• ⭐️ EU Commission investigating X & threatens sanctions due to comply with censorship request.

• Netflix $NFLX resumes advertising on X after temporary boycott.

• BlackRock $BLK investing $400M in Positive Zero, a Dubai-based decarbonisation company.

• Citigroup $C plans to set up securities business in China delayed due to data laws.

• Nvidia $NVDA launching RTX 4090D on Dec 28th in China to circumvent US export restrictions.

• Apple $AAPL suspending Apple Watch Series 9 & Ultra 2 sales amid patent dispute.

• Adobe $ADBE & Figma terminate planned $20B merger due to regulatory hurdles.

• Southwest $LUV fined $140M due to 2022 holiday meltdown.

Security and Exploits

• ⭐️ NFT Trader exploited for ~$3M worth of NFTs after malicious code execution from a third party.

• Flooring Protocol exploited for ~$1.5M worth of NFTs due to vulnerability in their peripheral/multi-call contract.

• SlowMist weekly security report highlights ~$8M in estimated losses.

• CertiK's website featured a link to a fake CertiK Discord server which contained a fake Collab Land bot that could drain wallet assets.

• DefiLlama community member X account was hacked and posted malicious links that falsely claimed DefiLlama contracts were vulnerable.

Token Unlocks

• Nym / 3.34M $NYM / ~$583K / DEC 19
• Euler / 123.34K $EUL / ~$386K / DEC 20
• Space ID / 18.49M $ID / ~$4.97M / DEC 21
• Acala / 4.66M $ACA / ~$340M / DEC 24

Funding

• MapleStory Universe, a virtual world ecosystem; raises $100M in funding.

• Tap Protocol, an OrdFi enabling protocol for Bitcoin Ordinals; raises $4.2M in funding led by Sora Ventures.

• Aki Network, a Web3 influencer network; raises an undisclosed amount in Series A funding.

• GoDID, a DID marketplace aggregator; raises an undisclosed amount in funding led by NGC Ventures.

• MetaFight, a fighting metaverse platform, raises an undisclosed amount in strategic investment from Animoca Brands.

The Degen Farmer