AltLayer Head of Growth Allegedly Profits from Insider Trading

️ On today's Top Picks:

Crypto News

• Adam Cochran alleges HTX is insolvent and both $TUSD & $stUDS are unbacked.

• ⭐️ Ethereum Dencun upgrade timeline set with Mainnet planned for late February or early March.

• Polygon launches Agglayer, a blockchain aggregation layer to connect blockchains with zero-knowledge proofs.

• Aleo mainnet set to launch in next few weeks as final bugs are fixed.

• CLabs evaluates L2 stack options for Celo's migration to an L2 on Ethereum.

• US Government to sell $130M worth of Bitcoin seized from the Silk Road.

• Tesla $TSLA reveals none of its Bitcoin worth ~$435M was sold in Q4 '23.

• KT Corporation closes its NFT platform MINCL citing its shifting business conditions.

Alpha

• ⭐️ Namada Shielded Expedition transmission outlines the details of upcoming campaign.

• Aptos launches Ecosystem Fundamentals Quest 3 on Galxe.

• Burnt (XION) launches Crash Game, an example of generalized abstraction.

• Parallel Network launches Why Parallel is Needed quest on Galxe.

• RedStone Oracles launches DeltaPrime 1 Year Collaboration Aniversary quest on Galxe.

• Jumper launches Berachain HoneyComb NFT raffle on Galxe.

• Socket 2.0 has been achieved internally according to Socket developer on X.

• ZetaChain releases complete token utility and distribution documentation.

• DeBank launches MANTA Airdrop Hunter Web3 badge for users who received the MANTA airdrop.

Airdrops

• Is EigenLayer $EIGEN Worth It by Olimpio.

• AltLayer $ALT airdrop is live for NFT holders, testnet participants, and EigenLayer restakers.

• ⭐️ WEN $WEN airdrop by Jupiter and Ovols is live.

• Mantle releases Journey Season Alpha reward guide.

• Entangle incentivized testnet by Crypto Snooper.

• DeFi $DEFI quick review by mztacat.

• Masa Network airdrop strategy by Airdrop Official.

Finance News

• Tesla $TSLA dips as it misses expectations and warns of 2024 slowdown.

• Intel $INTC forecast revenue for Q1 24' could miss esitimates by $2B+ due to uncertain demand for its chips.

• Microsoft $MSFT to cut 1900 staff from Activision Blizzard and Xbox.

• Nokia $NOK begins $653M share buyback program as 2023 profits plunge.

Security and Exploits

• ⭐️ Socket releases recovery plan with 100% reimbursements for all affected users.

• Ozys alleges former security officer weakened firewall leading to $81.5M hack of Orbit Bridge.

• Optimism proposes protocol upgrade to improve response to security incidents.

• Mother Of All Breaches containing data from previous breaches and billions of records discovered by cybersecurity researcher.

Token Unlocks

• Yield Guild Games / 16.69M $YGG / ~$7.2M / JAN 27
• SingularityNET / 9.11M $AGIX / ~$2.3M / JAN 27

Funding

• Canaan $CAN, a Bitcoin mining firm; raises $50M in preferred shares financing from an undisclosed investor.

• Sygnum Bank, a digital asset bank; raises $40M in strategic growth funding from Azimut Group.

• Axiom, an Ethereum historical data protocol; raises $20M in Series A funding led by Paradigm & Standard Crypto.

• BitFlow, a Bitcoin DeFi platform; raises $1.3M in Pre-Seed funding led by Portal Ventures.

• B² Network, a Bitcoin layer 2; raises an undisclosed amount in Seed funding.

• Superbridge, native bridging for rollups, receives a grant from Optimism.

The Degen Farmer