Aave Community Probes Aave Labs

️ On today's Top Picks:

Crypto News

• ⭐️ Aave $AAVE community probes Aave Labs over recent CoW Swap integration; the community claims that the CoW Swap integration diverts potential revenue away from the Aave DAO and toward Aave Labs.

• ⭐️ Do Kwon, Terraform Labs co-founder, sentenced to 15 years in prison; prosecutors had requested a 12-year sentence & Kwon’s lawyers had requested a 5-year sentence.

• Rushi Manche, co-founder of Movement Labs, unveils Nyx Group; plans to deploy up to $100M into liquid markets; Manche was terminated by Movement Labs in July due to a market-making controversy.

• US OCC conditionally approves national bank charter applications for Circle $CRCL, Ripple $XRP, BitGo, Fidelity Digital, & Paxos; Coinbase $COIN, Bridge, & Crypto[.]com have also recently applied.

• Coinbase $COIN will reportedly announce prediction markets & tokenized stocks as its System Update event on December 17th; @wongmjane on X found prediction market & stock trading webpages on Coinbase’s website in November.

• Privy partners with Klarna to explore, research, & co-design wallet solutions for Klarna users; Klarna recently announced its KlarnaUSD stablecoin; also recently announced KlarnaUSD will launch on Tempo.

• Ripple $XRP completes acquisition of Rail, a stablecoin-powered platform for global payments, for $200M; Ripple has also recently acquired GTreasury, Palisade, & Hidden Road.

• x402 launches V2; adds wallet-based identity, automatic API discovery, dynamic payment recipients, support for more chains & fiat via CAIP standards, and a fully modular SDK for custom networks & schemes.

Alpha

• ⭐️ Fogo $FOGO Flames Season 1.5 will end on December ~19th; earn Flames (points) by playing Fogo Fishing and/or trading, providing liquidity on Valiant; Fogo to launch airdrop on January 13th.

• Ellipsis Labs announces Phoenix, a perps dex built on Solana $SOL; currently in private beta; sign up to the waitlist for access.

• Nado whitelists another batch of wallets to access the platform; sign up to the waitlist for access; Nado is a spot & perps dex by the Kraken team, built on Ink.

• Cascade will launch limited-time window to access the platform on December 15th; Cascade is a perps dex that recently announced $15M in funding from several investors.

• Phantom will soon launch prediction markets powered by Kalshi; to roll out over the coming weeks to eligible users.

• Rainbow $RNBW will soon launch prediction markets powered by Polymarket; to launch airdrop soon.

• Zapper launches ‘new Zapper’ powered by Farcaster's social graph; also features built-in wallet, supporting more than 50 chains.

• Mezo launches bonus mats for Nansen NXP (points) holders; users need to create a Mezo ID & bridge tBTC to be eligible.

Airdrops

• ⭐️ Coinbase adds Lighter $LIGHTER to the listing roadmap; Lighter will potentially launch TGE & airdrop before end of December; Polymarket currently shows ~86% chance.

• ⭐️ Fogo $FOGO will launch airdrop on January 13th; Fogo Flames (points) holders will be eligible; also allocates more of the token supply towards the airdrop after cancelling the public token sale.

• Espresso $ESP announces more paths to airdrop eligibility; FarCon POAP holders, Espresso Room contest participants, & Eco Dept of Ag Hat owners will be eligible; to launch airdrop registration on December 22nd.

• ICYMI Rainbow $RNBW allocates 15% of total token supply for airdrop at TGE; Rainbow points holders will be eligible; to launch TGE & airdrop soon.

Finance News

• US President Trump says he is leaning towards choosing either former Fed Governor Kevin Warsh or White House Economic Advisor Kevin Hassett as the next Federal Reserve Chair.

• DTC receives No-Action Letter from the US SEC to tokenize certain DTC‑custodied assets; service expected to be ready in H2 2026.

• Interactive Brokers allows brokerage accounts to be funded by stablecoins; feature is being introduced over time, starting with a portion of eligible US clients.

• Tether submits proposal to acquire Juventus Football Club; proposes to acquire Exor's 65.4% stake in an all-cash offer; Tether already holds a minority stake.

• Figure $FIGR files for a second IPO with the US SEC; asks for permission to natively issue equity on Solana $SOL.

• YouTube launches option for creators to receive payouts in PayPal’s $PYPL stablecoin, $PYUSD; currently limited to US creators.

Security and Exploits

• SEAL publishes 2025 Financial Transparency Report; highlights 6 months of runway left; asks the community to consider donating.

• ⭐️ Apple $AAPL releases security updates; patches two zero-day vulnerabilities that were exploited in sophisticated attacks targeting specific individuals.

• Google $GOOGL releases Chrome security update; patches three security vulnerabilities, including one that is being actively exploited in the wild.

• ICYMI Microsoft $MSFT releases Windows 11 December 2025 security update; patches 57 vulnerabilities, including one being actively exploited in the wild.

• ICYMI Bubblemaps $BMT launches Time Nodes; detect snipers, bots, & insiders based on timing analysis; live across all chains and iframes.

• ZEROBASE’s $ZBT frontend was compromised, leading to over 270 users losing ~$240K; team advises affected users to revoke the malicious contract.

Token Unlocks

• Aptos $APT / ~$20M / DEC 11th
• Starknet $STRK / ~$13M / DEC 15th
• Sei $SEI / ~$7M / DEC 15th
• Arbitrum $ARB / ~$19M / DEC 16th
• ZKsync $ZK / ~$5M / DEC 17th
• ApeCoin $APE / ~$3M / DEC 17th
Sourced from Tokenomist

Funding

• LiFi raises $29M in Extended Series A funding from Multicoin & CoinFund.

• TestMechine raises $6.5M in funding led by BlockChange Ventures, New Form Capital, Decasonic, & Delphi Digital.

The Degen Farmer