Consensys Plans IPO with JPMorgan & Goldman Sachs

️ On today's Top Picks:

Crypto News

• ⭐️ Consensys, parent company of MetaMask & Linea $LINEA, picks JPMorgan Chase $JPM & Goldman Sachs $GS to lead its IPO; previously raised $450M at a $7B valuation in 2022.

• Grayscale Solana $SOL Trust ETF begins trading; generates ~$4.6M in trading volume; Bitwise Solana ETF also began trading on October 28th.

• Fidelity files updated S-1 for its Solana $SOL ETF; removes “delaying amendment”; follows lead of Bitwise which launched its Solana ETF on October 28th.

• Binance $BNB Founder CZ to reportedly file a defamation lawsuit against US Senator Elizabeth Warren; Senator Warren alleges CZ bribed US President Trump for a pardon.

• Mastercard $MA to reportedly acquire Zerohash, a crypto infrastructure company, for up to $2B; previously raised $104M at a $1B valuation in Series D funding in September.

• DRW Holdings & Liberty City Ventures to reportedly raise $500M for a publicly listed digital asset treasury holding Canton Coin $CC; Canton to launch its mainnnet soon.

• BDACS to launch won-backed $KRW1 stablecoin on Circle's $CRCL Arc blockchain; Circle recently launched Arc public testnet.

Alpha

• MegaETH $MEGA public sale closes; ~50K bidders committed ~$1.39B; allocations to be revealed on November 5th.

• Consensys BD Manager MichaelK[.]eth clarifies MetaMask Rewards & MetaMask $MASK token are two separate things; says "metamask token will be so much bigger than metamask rewards."

• ⭐️ Stable to launch Phase 2 of Pre-Deposit campaign next week; Phase 1 was filled by insiders before any public announcement.

• Jumper launches new Jumper Perks; includes free SafePal hardware wallet (level 10+), 30% off on CoinGecko Analyst API, & 30% fee rebate on WOOFi Pro.

• Kalshi launches support for USDC deposits on Base; also launched support for USD deposits on Sui $SUI.

• ICYMI Polymarket to launch in the US by late November; Polymarket CMO recently confirmed plans to launch $POLY after launching in the US.

Airdrops

• Airdrops, Checkers, & Points by Olimpio.

• ICYMI Monad launches $MON airdrop allocation reveal; eligible users can open Monad Boxes to reveal their airdrop allocation early.

• World Liberty to launch 8.4M $WLFI airdrop; USD1 points program participants are eligible.

• Espresso announces two paths to $ESP airdrop eligibility; Infinite Garden participants & Brew House participants to be eligible.

• ⭐️ Noble launches $NOBLE airdrop claim process; Step 1 requires eligible users to link an Ethereum address by December 31st; Season 1 & Season 2 points participants are eligible.

• zkPass announces $ZKP tokenomics; 48.5% of token supply is allocated for the Community; includes airdrops, network incentives, community sales, & more.

• idOS announces $IDOS tokenomics; 41.3% of token supply is allocated for the Community; includes airdrops (8.8%), staking rewards (15%), community sales (12.5%), & more.

Finance News

• US Federal Reserve cuts interest rates by 25 basis points to 4%; Chair Jerome Powell says December interest rate cut is "far" from certain.

• ⭐️ US President Trump announces China tariff reductions after meeting with President Xi Jinping; reduces overall tariffs on China to 47%; reaches 1-year trade deal on rare earths & critical minerals.

• South Korea to pay the US $350B to lower tariffs; also agrees to buy US oil & gas in vast quantities.

• ⭐️ OpenAI reportedly prepares for IPO at $1T valuation; reportedly considers IPO filing as soon as H2 2026.

• Strategy $MSTR reports Q3 2025 earnings; reports net income of $2.8B, EPS of $8.42, & more; currently holds 640,808 Bitcoin $BTC (~$69B).

• Coinbase $COIN reports Q3 2025 earnings; reports net income of $433M, EPS of $1.50, & more; bought ~$300M worth of Bitcoin $BTC.

• Solana Company $HSDT acquires an additional ~100K Solana $SOL (~$20M); now holds 2.3M SOL (~$448M).

• Riot Platforms $RIOT reports Q3 2025 earnings; reports net income of $104.5M, EPS of $0.26, adjusted EBITDA of $197.2M, & more.

• Core Scientific $CORZ shareholders reject proposed $9B all-stock merger with CoreWeave $CRCW; the deal failed to receive the required number of votes.

Security and Exploits

• Garden Finance exploited for $5.5M; app is temporarily offline; ZachXBT previously alleged that 25% of Garden's volume was stolen funds.

• Binance $BNB integrates Bubblemaps $BMT; users can analyze tokens to view distribution & onchain wallet clusters across Binance Alpha, Meme Rush, & Binance Wallet.

• Bubblemaps $BMT discovers MegaETH $MEGA public sale sybil investing $5M using 20+ addresses; offers to work with MegaETH team to help identify wallets.

Token Unlocks

• Zora $ZORA / ~$13M / OCT 30th
• Kamino $KMNO / ~$14M / OCT 30th
• Immutable $IMX / ~$12M / OCT 31st
• Optimism $OP / ~$12M / OCT 31st
• Sui $SUI / ~$100M / NOV 01st
• EigenCloud $EIGEN / ~$35M / NOV 01st
• Ethena $ENA / ~$16M / NOV 02nd
Sourced from Tokenomist

Funding

• Accountable raises $7.5M in funding led by Pantera Capital.

• Pieverse raises $3M in funding from CMS Holdings.

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

• Aria $APL raises $500K in Strategic funding from OKX Ventures & Selini Capital.

• Nemesis raises an undisclosed amount at a $20M valuation in Pre-Seed funding led by District & Liyuan Venture Capital.

The Degen Farmer