Argentina's President: A Win for Bitcoin?

🗳️ Election Result and Bitcoin Support: Javier Milei, a libertarian, won Argentina's runoff election with about 56% of the vote. He supports Bitcoin, viewing it as a way to return money to the private sector and a secure alternative to traditional assets.

Abolishing of Central Bank: Milei criticizes Argentina's central bank for causing inflation, which reached 135% in 2023. One of his main campaign slogans was a commitment to removing Argentina's central bank and making the US dollar the legal tender.

His stance on cryptocurrencies: Despite supporting cryptocurrencies, Milei hasn't proposed making Bitcoin legal tender. He prefers dollarizing Argentina's economy to manage rampant inflation, and, to date, he has spoken little about cryptocurrencies and Bitcoin. It's unclear if his vision of his country will have any positive impact on the crypto world, yet. Read More.

📰 Crypto News

• ⭐️ Tether freezes 225M stolen $USDT linked to an international crime syndicate in joint investigation with OKX and the U.S. Department of Justice.

• FTX creditor claims increase to 60¢ to 65¢ on the dollar as recovery outlook improves.

• Charles Hoskinson tweets to Sam Altman, "If you are interested in doing a decentralized LLM, then hit me up. Would be a fun Cardano Partnerchain."

• Jump Trading spins off Wormhole and will now operate independently.

• Jack Levin sends Cease and Desist to OKX CMO over the use of "X1" name.

• Bullish cryptocurrency exchange purchases CoinDesk.

⚡ Alpha

• Linea Voyage Campaign Wave 3: Token Swaps is live on Intract.

• Chainflip Incentivised Launch Season Sprint Campaign Phase 4 is live on Galxe.

• Bebop introduces a revamped collection of Bebop Achievement NFTs. Users can check eligibility and claim their NFT's.

🪂 Airdrops

• ⭐️ Pyth airdrop is live and claimable. Over 90K wallets are eligible to claim until Feb 18th, 2024.

• Blur Season 2 scheduled to be announced later today at 2300 UTC.

• Alpha Insiders posts X thread featuring Hinkal protocol.

• Alpha Drops posts X thread featuring Maverick Liquid Staking / veMAV Airdrop.

📰 Finance News

• ⭐️ Pro-Bitcoin Javier Milei wins Argentina Presidential election.

• ⭐️ OpenAI founders Sam Altman and Greg Brockman ousted by the board of directors, but have since agreed to join Microsoft.

• OpenAI $86B valuation in jeopardy following the ousting of founders Sam Altman and Greg Brockman.

• X to file lawsuit against Media Matters alleging a fraudulent attack against the company.

• Citigroup CEO announces management changes in a sweeping reorganization effort.

🛡 Security and Exploits

• ⭐️ Justin Sun messages Poloniex hacker that they have confirmed their identity. funds have been marked for tracking, and if funds are not returned by Nov 25; police will take action.

• Kronos Research loses $25M after hacker gains unauthorized access to their API keys.

• dYdX offers bounties for its investigation regarding a market manipulation attack resulting in a loss of $9M from its insurance fund.

• Trader Joe frontend hacked after attackers exploit a 3rd party plugin, but has since been restored.

• SpookySwap frontend hacked after attackers exploit a 3rd party plugin.

• Indexed Finance governance attack defeated.

• Bloomberg crypto X account had a phishing Telegram link in its bio which it has since removed.

Token Unlocks

• Space ID / 18.49M $ID / ~$4.8M / 21 NOV
• Euler / 135.32K $EUL / ~$390K / 22 NOV
• Avalanche / 9.54M $AVAX / ~$212.7M / 23 NOV
• Acala / 4.66M $ACA / ~$267K / 24 NOV
• LooksRare / 37.5M $LOOKS / ~$3.1M / 26 NOV
• Yield Guild Games / 16.69M $YGG / $6.5M / 27 NOV

💰 Funding

• Panoptic, a perpetual options platform; raises $7M in Seed funding led by Greenfield Capital.

• OMTrade, a copy trading tools platform; raises $6M in Seed funding led by Find Satoshi Lab.

🌾 The Degen Farmer

That's it for today's dose! See you soon.