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- Does ̶B̶i̶n̶a̶n̶c̶e̶ Coinbase Charge Million-Dollar Listing Fees?
Does ̶B̶i̶n̶a̶n̶c̶e̶ Coinbase Charge Million-Dollar Listing Fees?
💸 Crypto Listing Fee Controversy
Claims of High Listing Fees: Tron’s Justin Sun and Sonic Labs' Andre Cronje claim Coinbase sought substantial listing fees, countering CEO Brian Armstrong's statement that listings are free. Sun claimed a $250M BTC deposit was required.
Disputed Fees and Earn Program: Cronje alleged multiple Coinbase employees requested amounts of up to $300M. Luke Youngblood, ex-Coinbase engineer, clarified that fees were optional under Coinbase’s Earn program, separate from listing costs.
Sun’s Similar Claims: Sun echoed Cronje’s claims, asserting Coinbase demanded $80M in TRX and a BTC deposit to enhance listing. Neither Coinbase nor Binance commented on these accusations. Read More.
️ On today's Top Picks:
- ⛓️💥 Tether CEO Paolo Ardoino denies rumors of a Tether Chain.
- 👀 OpenSea announces "A new OpenSea is coming. December 2024."
- ⌛ Gitcoin Grants 22 to end soon; ~2 days left to donate.
- 🪂 Swell to launch $SWELL Airdrop on November 7th.
Read time: ⏰ 6 minutes
Crypto News
• ⭐️ Justin Sun & Andre Cronje contest Coinbase CEO Brian Armstong's claim that Coinbase asset listings are free.
• Ethereum $ETH Foundation researchers Justin Drake & Dankrad Feist drop EigenLayer $EIGEN advisorship.
• ⭐️ Tether CEO Paolo Ardoino denies rumors of a Tether Chain; mentions some L2's are working to support $USDT for gas fees.
• a16z Crypto pledges $23m to crypto super-PAC Fairshake; to be used for 2026 US midterm pro-crypto candidates.
• Deutsche Telekom & Bankhaus Metzler to test Bitcoin mining infrastructure for surplus energy.
• Digital Asset Investment Products see $2.2b of inflows last week.
• Ethereum $ETH / Bitcoin $BTC ratio (~0.035) hits lowest level since April 2021.
Alpha
• Fluid DEX by mystri.
• ⭐️ OpenSea announces "A new OpenSea is coming. December 2024."; launches waitlist.
• ⭐️ Gitcoin Grants 22 to end soon; ~2 days left to donate.
• Morph Season 1 (Testnet) ends; Season 2 (Mainnet) coming soon.
• Thesis* announces BitcoinFi Accelerator teams; supports eight teams alongside Boost VC & Draper Associates.
• Jumper teases "Big week 👀" on X.
• Rango launches Rango Community Pin on Guild.
Airdrops
• DeBank Airdrop Strategy by Earndrop.
• ⭐️ Swell to launch $SWELL Airdrop on November 7th.
• P2P launches Operator Allocation Share program for both $EIGEN and $ETH delegators.
• Morpho launches proposal to enable transferability of the $MORPHO token.
• Namada $NAM to launch mainnet rehearsal soon; last major milestone before Namada Mainnet launch.
• ICYMI Weekly Recap by Earndrop.
• ICYMI Sonic Labs Airdrop Strategy by Earndrop.
• 30+ Airdrop Opportunities by Alpha Drops.
• RedStone Airdrop Update by Atoms Research.
Finance News
• US State of Michigan Pension Fund discloses ~$7m of Bitcoin ETF holdings.
• UK Pension Fund invests in Bitcoin; unnamed fund invested 3% of its total assets into Bitcoin.
• CleanSpark $CLSK Bitcoin hashrate surges 27%; closes gap with Marathon Digital Holdings $MARA.
• Gryphon Digital Mining $GRYP to end Bitcoin mining hosting agreement with Coinmint.
• US Stocks finish lower ahead of US Presidential Election.
• Intel $INTC to reduce workforce by several hundred employees at its Israeli R&D centers.
Security and Exploits
• Metawin exploited for $4m due to vulnerability in its withdrawal system.
• ZachXBT exposes how $SCALE, $NTD, $TPU, & $OPSEC were all tied to Zopp0.
• Coinspect Security launches Web3 Wallet Security Rankings.
• FakeCall Malware new variant discovered; hijacks Android devices for fraudulent banking calls.
Token Unlocks
• EigenLayer $EIGEN / ~$3m / NOV 05th
• Cardano $ADA / ~$6m / NOV 06th
• Ethena $ENA / ~$4m / NOV 06th
• Neon $NEON / ~$19m / NOV 07th
Sourced from Tokenomist
Funding
• Zodia Custody in talks to raise $50m.
• OpenOrigins raises $4.5m in funding led by Galaxy Interactive.
• vlayer raises $10m in Pre-Seed funding.
• AgentLayer raises undisclosed amount in funding from BingX Labs.
The Degen Farmer
Top stablecoin yield farms of the day, more than $3,000,000 in TVL. DYOR and step up your farming game!
PROTOCOL | ASSETS | APY |
---|---|---|
Curve DEX (Ethereum) | IDAIIUSDCIUSDT | 94.09% |
Pearl V2 (Re.al) | ARCUSDUSDC | 42.82% |
Morpho Blue (Ethereum) | USD0USD0++USDC | 41.52% |
Merkle Trade (Aptos) | ZUSDC | 31.32% |
Indigo (Cardano) | IUSD | 24.38% |
Synthetix V3 (Base) | USDC | 23.03% |
Storm Trade (Ton) | USDT | 21.69% |
Tangible Arcana (Re.al) | ARCUSD | 21.47% |
Kelp DAO: Innovating liquid staking on EigenLayer for Ethereum |
Kelp DAO: Liquid Restaking: Kelp DAO is a multichain Liquid Restaking Protocol with nearly $800m in TVL. Users can deposit ETH and/or LSTs and mint rsETH which is designed to offer liquidity to illiquid assets deposited into restaking platforms, such as EigenLayer.
💥Kelp Gain: agETH: Kelp DAO's latest product launch, Kelp Gain, is designed to help users maximize their earning potential as it automates airdrop/reward farming. Kelp Gain enables users to farm multiple airdrops at the same time, including EigenLayer, Scroll, Linea, Karak, and more.
🪂 agETH Rewards: Holding agETH unlocks these exclusive benefits:
- 3x Kelp Miles
- Boosted Linea LXP-L
- Boosted Karak Network XP
- $EIGEN Tokens
- Infra Partner Points (coming soon)
- 10+ DeFi opportunities to earn further yield and airdrops with agETH
That’s it for today’s edition! See you soon.
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