Berachain Mainnet Launching with ~$600M Airdrop

️ On today's Top Picks:

Crypto News

• Crypto Czar David Sacks announces US House of Representatives & US Senate joint working group to advance crypto legislation; also evaluating a Bitcoin $BTC reserve.

• US SEC Crypto Task Force to focus on reviewing securities status of crypto assets, exploring registration and compliance for crypto products, providing legal guidance, & more.

• Ethereum $ETH increases gas limit above 30M; expected to adjust to a max capacity of 36M; increase improves transaction capacity. $ETH

• ⭐️ XRP $XRP Ledger temporarily halted block production for ~1 hour; cause of the issue under investigation.

• Tether CEO Paolo Ardoino previews AI apps in development; shows AI translate, AI voice assistant, & AI bitcoin wallet assistant.

• US SEC scales back crypto enforcement unit; over 50 lawyers and staff members to be reassigned.

• Landon Zinda, former Coin Center policy director, appointed as chief policy advisor for US SEC Crypto Task Force; appointed alongside two current SEC staffers.

• FTX to begin creditor repayments on February 18th for claims under $50K; non-Convenience Class creditors expected to receive reimbursement in Q2.

Alpha

• ⭐️ Berachain to launch mainnet today on February 6th; $BERA TGE & airdrop also launching.

• ⭐️ MegaETH to launch The Fluffle NFT collection; soulbound, 10K supply, 1 ETH mint cost, & will cumulatively represent at least 5% of MegaETH; whitelist checker is live.

• Story releases A Peer-to-Peer Intellectual Property Network whitepaper; Story mainnet launching soon.

• Atlas launches public testnet; introduces rpcX, a complete overhaul of the SVM read layer.

• Stani posts "Lens Chain is coming. Spot the new handle" on X; Lens mainnet launching soon.

Airdrops

• Berachain launches $BERA airdrop eligibility & allocation checker; Berachain NFT holders, testnet users, Boyco users, & more are eligible; claim today on February 6th.

• Olimpio launches Berachain $BERA mass airdrop checker; no cookies, no tracking, no signatures.

• Binance launches $BERA HODLer Airdrop; BNB Simple Earn users from January 21st to January 26th are eligible.

• Henlo launches $HENLO airdrop eligibility & allocation checker; Berachain NFT holders, Boyco users, Henlo Crews, & more are eligible; claim launching soon.

• ICYMI D3 Airdrop Strategy by Earndrop.

Finance News

• ⭐️ China to impose 10% tariff on US oil, agricultural equipment, coal, & Liquefied natural gas; US President Trump in no hurry to speak to Chinese President Xi Jinping.

• Gold $XAU reaches new all-time high of $2,854; surge influenced by increased demand for safe-haven assets amid economic uncertainties.

• US CFTC Acting Chair Caroline Pham reorganizes enforcement division; to “refocus” on fraud and “stop regulation by enforcement.”

• MicroStrategy $MSTR rebrands to Strategy; change is a "natural evolution of the company..."; new logo includes a Bitcoin $BTC logo.

• Strategy $MSTR releases Q4 2024 financial report; reports net loss of $670.8M or $3.03 per share.

• Semler Scientific $SMLR buys 871 Bitcoin $BTC for $88.5M at ~$101,616 per BTC; now holds 3,192 BTC worth ~$309M.

• Sol Strategies $HODL (CSE) buys 40,300 Solana $SOL for $9.93M at ~$246.53 per SOL; now holds 189,968 SOL worth ~$38M.

• Bitdeer $BTDR buys fully licensed 101 MW power project on 19 acres of land in Alberta, Canada for $21.7M; to build 99 MW Bitcoin $BTC mining data center.

• Bullish Global considers initial public offering as soon as this year; working with Jefferies Financial Group on the potential listing.

Security and Exploits

• SparkCat Malware found in multiple iOS & Android apps; steals crypto wallet recovery phrases using optical character recognition stealers.

• Jupiter X account temporarily compromised; posted multiple scam token contracts.

• ionic exploited for ~$8M due to social engineering attack; team working with investigative partners, law enforcement, & affected parties to retrieve funds.

• ScamSniffer posts January 2025 Phishing Report; reports ~9K victims lost ~$10M to crypto phishing scams.

• AMD releases update patching high-severity vulnerability; flaw can be exploited to load malicious CPU microcode.

Token Unlocks

• Neon $NEON / ~$16M / FEB 07th
• Movement $MOVE / ~$31M / FEB 09th
• Aptos $APT / ~$69M / FEB 10th
Sourced from Tokenomist

Funding

• ⭐️ Taproot Wizards raises $30M in Series A funding led by Standard Crypto.

• Reservoir raises $14M in Series A funding led by Union Square Ventures.

• Olas raises $13.8M in funding led by 1kx.

• Beamable raises $13.5M in Series A funding led by BITKRAFT Ventures.

• Flashnet raises $4.5M in Seed funding led by Abstract Ventures.

• Rho Lab raises $4M in Seed funding led by CoinFund.

• Henlo raises $3M in Seed funding from several investors.

• Herd raises $1.8M in Pre-Seed funding led by Semantic Ventures.

• Ooga Booga raises $250K in Community funding on Echo.

The Degen Farmer