Circle Breaks Up With Justin Sun

️ On today's Top Picks:

Crypto News

• ⭐️ Circle discontinues $USDC on TRON $TRX blockchain citing risk management.

• Justin Sun reportedly buys an additional ~$36.9M worth of Ethereum $ETH.

• ⭐️ Do Kwon set to be extradited to the US following nullification of previous ruling.

• Yuga Labs co-founder Greg Solano resumes role as CEO.

• Fairshake Crypto Super PAC raises an additional $4.9M in funding to support pro-crypto political candidates.

• Hong Kong plans to submit bills for stablecoins and OTC crypto trading.

Alpha

• Rio Network testnet is live by Earndrop.

• ⭐️ Linea launches Linea Park campaign where users can earn Linea LXP.

• Taiko launches Beyond Mainnet: The Road to Taiko’s BBR quest on Galxe.

• Fuel unveils The Rollup OS, a modular vision for rollup technology.

• Bebop releases new collection of achievements for Arbitrum traders.

• Bebop commemorates support of BNB Chain with a special achievement.

• Holograph releases free Holograph x Polygon Labs NFT.

• DeBank releases ZKF Airdrop Hunter Web3 Badge.

Airdrops

• ⭐️ Optimism $OP Airdrop #4 for NFT creators by Olimpio.

• Starknet $STRK Airdrop goes live by Olimpio.

• Starknet partners with OpenBlock to distribute 40M $STRK to participating DeFi protocols.

• Starknet airdrop hunters reportedly receive millions of dollars worth of $STRK via 1K+ wallets.

Finance News

• Michael Saylor states he does not plan to sell any Bitcoin held by MicroStrategy $MSTR in the short term.

• Marathon $MARA Bitcoin mining firm looking to acquire additional mining facilities & companies.

• Capital One $COF to acquire Discover Financial Services $DFS for $35.3B.

• eBay $EBAY lays off 30% of its Web3 team and suspends all digital art initiatives.

• Jeff Bezos sells an additional $2.37B worth of Amazon $AMZN shares.

• Thoma Bravo considers sale of JD Power for $8B.

• President Biden to forgive $1.2B in student debt for nearly 153K borrowers.

Security and Exploits

• US OFAC adds wallets associated with Lockbit to its blacklist.

• ZachXBT exposes Crypto Rover for reportedly ghosting projects, misleading followers, and shilling pump and dump coins.

• Blockaid security now enabled by default for MetaMask users.

• WalletGuard illustrates how attackers are leveraging Uniswap contracts to drain assets.

Token Unlocks

• Avalanche / 9.54M $AVAX / ~$368M / FEB 21
• Space ID / 18.49M $ID / ~$12M / FEB 21
• Immutable / 34.18M $IMX / ~$121M / FEB 22
• Acala / 4.66M $ACA / ~$488K / FEB 24

Funding

• ⭐️ Hack VC closes $150M for new venture fund focusing on security, DeFi, and Web3-AI

• MonkeyTilt, an adult playground for degens; raises $21M in funding.

• Inco, a universal confidentiality layer for Web3; raises $4.5M in Seed funding led by 1kx.

• INIT Capital, a liquidity hook money market; raises $3.1M in Seed funding.

• ZeroLend, a lending market; raises $3M in Seed funding.

• MATR1X FIRE, a FPS Mobile Game in metaverse; raises an undisclosed amount in Strategic funding from Animoca Brands.

The Degen Farmer