Aave Considers Withdrawing from Polygon

️ On today's Top Picks:

Crypto News

• Bitcoin $BTC reached a new all-time high surpassing ~$107K.

• ⭐️ FTX to repay customers & creditors in early 2025; Kraken & BitGo to assist in distributing recoveries.

• Digital Asset Investment Products saw $3.2B of inflows last week; Bitcoin $BTC saw inflows of ~$2B & Ethereum $ETH saw inflows of ~$1B.

• Ripple $XRP to launch $RLUSD stablecoin tomorrow December 17th; to be initially available on Uphold, Bitso, MoonPay, Archax, & CoinMENA.

• Avalanche $AVAX launches Avalanche9000 upgrade; reduces cost to deploy an L1 by 99%, reduces minimum gas fee on C-Chain by 96%, & more.

• ⭐️ Aave Chan proposes withdrawing Aave lending services from Polygon; proposal is in response to a Polygon proposal aiming to use bridged stablecoins for yield generation.

• Ethena $ENA launches $USDtb, a new stablecoin backed by BlackRock's BUIDL Fund in partnership with Securitize.

• Arkham $ARKM to launch support for Dogecoin $DOGE; users will be able to track, trace, & visualize dogecoin transactions.

• Aligned Layer allocates $ALIGN to Protocol Guild (1.5%), L2BEAT (0.2%), & ZachXBT (0.2%) in fourth wave of Alignment; previous waves ongoing.

• CyberKongz receives Wells Notice from US SEC; approached with rhetoric "you can not have a token (ERC-20) in tandem with a blockchain game without registering it as a security."

Alpha

• ⭐️ Monad introduces Monad Foundation "an important step towards further decentralization"; mainnet & token launch potentially coming soon.

• Fuel posts "This week" on X; Fuel CEO Nick Dodson hinted of snapshot last week.

• Abstract to launch its mainnet in January; Frame was recently acquired by Igloo, parent company of Pudgy Penguins, to contribute towards Abstract.

• ink, an Ethereum L2 built by Kraken, teases mainnet launch coming soon.

• BOB Co-founder Alexei Zamyatin teases "huge updates" this week; BOB Fusion Season 3 ongoing.

• PumpBTC teases "Something special is coming"; hints "It’s shiny, festive, and lives on-chain."

• Reddio launches public testnet; Points Program ongoing; to announce Series A funding round soon.

• INTMAX launches public testnet; $ITX privacy mining ongoing.

• Namada launches Mainnet Phase 2 enabling staking rewards & PGF; $NAM transferability in Phase 5.

• Arkham launches Arkham Points Season 2; Season 1 participants to receive 50% bonus on Season 1 points.

• Rango launches Week 5 Rango ScoreBoost campaigns on Intract; Optimism Unbound, Avalanche Inferno, & Polygon Reign.

• Farcaster Founder Dan Romero teases "Something new. Tomorrow"; potentially related to Warpcast rewards.

• Echo shares what's being built next; use of blockchains instead of SPVs for investor wrapper; solution for clickrace dilemma, & more.

Airdrops

• Nekodex Airdrop Strategy by Earndrop.

• Cytonic Airdrop Strategy by Earndrop.

• ⭐️ Pudgy Penguins to launch $PENGU airdrop tomorrow December 17th at 08:00 AM EST; Pudgy ecosystem users eligible.

• Zora launches 300K Optimism $OP Community Retrogrant; KYC required to claim.

• Odos refines sybil analysis reducing false positive rate; expands $ODOS airdrop rewards by 1% adding ~38K eligible wallets.

• Elys Network to launch $ELYS airdrop claim on December 17th; airdrop checker already live.

• ICYMI Weekly Airdrop Recap by Earndrop.

• ICYMI Kana Labs Airdrop Strategy by Earndrop.

Finance News

• ⭐️ MicroStrategy $MSTR buys ~$1.5B of Bitcoin; now holds 439K Bitcoin worth ~$46b.

• Riot Platforms $RIOT buys ~$71M of Bitcoin with additional proceeds from recent upsized $594M raise; now holds 17,429 Bitcoin worth ~$1.8B.

• Rhodium executives sued by investors over alleged Bitcoin mining fraud.

• ICYMI US Representative French Hill to lead the House Financial Services Committee; priority is to establish digital asset regulatory framework.

• ICYMI MicroStrategy $MSTR to be added to Nasdaq 100 Index & Invesco $QQQ ETF; first Bitcoin-centric company in Nasdaq-100 Index.

Security and Exploits

• Cryptocurrency Trojan MacOS Stealer open-sourced; more malicious attackers can now easily obtain the tool.

• ESET Research publishes Threat Report H2 2024; Password Stealing Ware increased dramatically on macOS targeting cryptocurrency wallet credentials.

• ICYMI Gate[.]io refutes hack rumors; rumor originated from NaniXBT, who admitted “zero checking” on the source.

Token Unlocks

• Echelon Prime $PRIME / ~$11M / DEC 17
• ApeCoin $APE / ~$25M / DEC 17
• Ethena $ENA / ~$16M / DEC 18
• Pixels $PIXEL / ~$12M / DEC 19
Sourced from Tokenomist

Funding

• Juicyway raises $3M in Pre-Seed funding led by P1 Ventures.

• Yei Finance raises $2M in Seed funding led by Manifold.

• Moonray raises $1.75M in funding.

• Gasp raises $450K in Community funding on Echo.

• DAWN raises an undisclosed amount in funding from VanEck.

• Bitdrome raises an undisclosed amount in funding from BEVM & Michael Egorov.

• Spectral raises an undisclosed amount in funding from STIX.

• METYA raises an undisclosed amount in funding from CGV FoF.

• •DexCheck AI raises an undisclosed amount in funding from ChainGPT Labs.

• OMNIA Protocol raises an undisclosed amount in funding led by ChainGPT Labs.

The Degen Farmer