Bitcoin Breaks $42,000

️ On today's Top Picks:

Crypto News

• ⭐️ Qatar Sovereign Wealth Fund rumored to buy $500B Bitcoin.

• Sam Bankman-Fried will not pursue any post-trial motions, but reserved their rights to pursue claims on appeal.

• Spanish police arrest Alejandro Cao de Benos who allegedly conspired with Virgil Griffith to help North Korea evade US sanctions.

• Ukraine seizes $1.5M worth of crypto from former chief of Ukraine’s Special Communications Service, Yury Shchigol; for allegedly misappropriating government funds.

• Platypus Finance hackers cleared of criminal charges by a French court.

• SEC lawyers face sanctions in case regarding crypto firm DEBT Box as judge orders agency to explain false/misleading statements.

• Kyber plans to offer grants from its treasury to victims of recent exploit.

• Crypto .com secures UK Electronic Money Institution license.

• ⭐️ Riot Bitcoin mining firm purchases 18 EH/s of Bitcoin miners for $290.5M.

• Arbitrum DAO approves $23.54M backfund for projects that missed initial round of grant funding.

Alpha

• Linea DeFi Voyage Wave 5 is live on Intract.

• Bebop announces JAM, Just-in-time Aggregation. Users can sign-up for the waitlist to get access to the beta.

• Zerion releases The World of Endless Possibilities NFT on Zora.

• Mint .fun wraps up !fundrop with !fundrop finale ID NFT mint.

Airdrops

• ⭐️ Binance teases potential airdrop tweeting, "📱🔁 🪂... soon," on X.

• Beoble airdrop thread by Alpha Insiders.

• Wormhole airdrop strategy by Chase.

• ICYMI: Starknet airdrop discussion by Olimpio.

• ICYMI: Jupiter airdrop checker is live by Earndrop.

Finance News

• Vietnam to investigate its central bank, State Bank of Vietnam; for its handling of slow credit growth.

• ⭐️ Nvidia $NVDA warned by US Commerce Secretary as it plans to redesign its chips in order to circumvent Chinese restrictions.

• Intel $INTC wins appeal that overturns $2.18B patent-infringement award won by VLSI Technology.

• Spotify $SPOT cutting 1500 employees in an effort to bring down costs.

• Meta $META sued for $598M by 83 Spanish media outlets citing unfair competition in the advertising market.

• Hawaiian Holdings $HA stock surges ~200% following $1.9B buyout deal with Alaska Air Group $ALK.

Security and Exploits

• SlowMist weekly security report highlights ~$225,826 of estimated losses last week.

• ⭐️ Velodrome & Aerodrome websites compromised for a second time after its provider was exploited, again.

• Scammer posts Stargate proposal with a malicious link on Snapshot, stealing ~$60K+ from victims.

Token Unlocks

• Liquity / 657.35L $LQTY / ~$1M / 04 DEC
• Galxe / 2.03M $GAL / ~$3.02M / 04 DEC
• Hashflow / 13.62M $HFT / ~$4.32M / 06 DEC
• Euler / 129.47K $EUL / ~$445K / 06 DEC
• Moonbeam / 12.72M $GLMR / ~$3.49M / 10 DEC

Funding

• Wu Blockchain VC Nov Report highlights $1.2B in total financing, 179% increase compared to Oct, and 90% increase compared to Nov 2022.

• Grove, a decentralized physical infrastructure (DePIN) provider; raises $7.9M in funding.

• Bioniq, a Bitcoin Ordinals marketplace; raises an undisclosed amount in funding led by Polychain Capital.

The Degen Farmer