Bitcoin Surpasses $100K

️ On today's Top Picks:

Crypto News

• ⭐️ Bitcoin breaks $100k; Mt. Gox transfers ~$2.43b of Bitcoin to new address.

• Federal Reserve Chairman Powell says, "People use Bitcoin as a speculative asset. It's like gold—it's just virtual and digital."

• Foundry, the world’s largest Bitcoin $BTC mining pool, lays off 27% of its staff.

• Cobra, a Bitcoin[.]org $BTC maintainer, warns of a 2025 user-led soft fork to introduce Check Template Verify.

• Vitalik reminds Ethereum $ETH L2s that if they want to get mentioned, they must reach rollup Stage 1.

• Grayscale files to convert Grayscale Solana Trust $GSOL into an ETF.

• Coinbase $COIN cuts ties with law firms hiring anti-crypto officials.

• US Government moves ~$33m of seized crypto from FTX to unknown addresses.

• Korean won trading pairs on Korean crypto exchanges plummeted due to martial law but have since recovered.

• Celsius Co-founder Alex Mashinsky pleads guilty to two counts of fraud.

• Roger Ver files motion to dismiss criminal indictment alleging tax evasion & failing to pay $50m in unpaid taxes.

• Vitalik publishes "What I would love to see in a wallet" blog post.

• Safe $SAFE launches Safenet, a transaction processor network connecting L1s, L2s, and offchain systems.

• Yuga Labs $APE acquires tokenproof, a platform for token-based experiences.

• Animoca Brands seeks to replace auditor DFK Collins with Hall Chadwick.

• Cambridge research finds a few large players dominate DAO governance.

Alpha

• 0xfuturistic introduces SOLO, a protocol that allows anyone to run an Ethereum validator with just 1.25 $ETH.

• Base gas target raises to 16.5 Mgas/s (+10% increase); gas fees decrease.

• Movement $MOVE launches Proof of Early Mover NFT mint.

• Wormhole $W launches Staking Rewards Program (SRP).

• Namada launches Mainnet Phase 1; $NAM transferability in Phase 5.

• ⭐️ Andre Cronje plans on doing ICOs for all his dapps on Sonic $S.

• Botanix launches final Testnet Aragog; Spiderchain Mainnet in 2025.

• Enjoy launches $ENJOY Tipping V2; every Zora user has an activity-based allowance.

• Hey migration to Lens V3 is 90% complete.

Airdrops

• ⭐️ Magic Eden launches $ME airdrop eligibility & allocation checker.

• Meteora launches $M3M3 memecoin airdrop.

• Derive to launch $DRV airdrop on January 15th, 2025.

• Kelp DAO (Kernel DAO) to launch $KERNEL tokenomics soon.

• Nektar Network enables $NET transferability.

• SynFutures to launch $F airdrop December 6th.

• Elys Network launches $ELYS airdrop eligibility & allocation checker.

• ICYMI Turtle Club Airdrop Strategy by Earndrop.

• ICYMI Weekly Airdrop Updates by Earndrop.

Finance News

• ⭐️ US President-elect Trump nominates pro-crypto Paul Atkins for SEC Chairman.

• US Representative French Hill to investigate debanking following crypto executives' complaints.

• MARA Holdings $MARA increases convertible notes offering to $850m with $150m option cap due to oversubscription.

• HIVE Digital $HIVE buys 4.3 EH/s of Bitmain Bitcoin miners for ~$60M.

• BIT Mining $BTCM acquires 51 MW Bitcoin mine for $14.3m.

• BlackRock $BLK to buy HPS Investment Partners for ~$12b in an all-stock deal.

• Apple $AAPL faces lawsuit alleging invasive surveillance of its employees.

• AT&T $T to put at least $40b towards dividends & buybacks over next three years.

Security and Exploits

• ⭐️ Solana/web3.js npm library compromised in supply chain attack.

• Coinbase Product Director Scott Shapiro receives backlash for advising users NOT to use a VPN to access Coinbase.

• Scam Sniffer November Phishing Report highlights ~$9m stolen from ~9k victims.

• BNB Chain $BNB suffered record-high Sandwich Attacks in November; 35.5% of blocks sandwiched from 645 bots.

• Vestra exploited for ~$480k due to logic flaw; stolen funds sent to Tornado Cash.

• Bubblemaps finds insider activity on Shiro Neko $SHIRO; 90% of the supply was sniped.

• US Treasury sanctions five individuals & four companies tied to money laundering group.

• Cybersecurity Agencies issue urgent advisory to counter Salt Typhoon, a threat actor infiltrating US telecom networks.

• US FTC bans data brokers from collecting & selling Americans’ sensitive location data.

Token Unlocks

• EigenLayer $EIGEN / ~$5m / DEC 03rd
• Ethena $ENA / ~$12m / DEC 04th
• Cardano $ADA / ~$22m / DEC 06th
• Jito $JTO / ~$488m / DEC 07th
• Bitget $BGB / ~$10m / DEC 10th
Sourced from Tokenomist

Funding

• Public raises $135m in Extended Series D funding from Accel.

• Union raises $12m in Series A funding led by gumi Cryptos Capital & LongHash Ventures.

• GAIB raises $5m in Pre-Seed funding led by Hack VC, Faction, & Hashed.

• Midas receives $5m Grant from Oasis.

• Fiamma raises $4m in Seed funding led by Faction & L2 Interactive Ventures.

• SuperFi Labs raises $2.5m in Pre-Series A funding led by Linklogis.

• Defi App raises $2m in Seed funding led by Mechanism Capital.

• OpenPad raises $2M in Seed & Strategic funding led by Basics Capital.

• Scrypted raises $1.5m in Pre-Seed funding led by Palm Tree Crypto.

• Dechat raises $1m in Strategic funding from Mindspace Solutions.

• Ancient8 receives 500k $OP Grant from Optimism.

The Degen Farmer