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:

  1. ⛓️‍💥 Tether CEO Paolo Ardoino denies rumors of a Tether Chain.
  2. 👀 OpenSea announces "A new OpenSea is coming. December 2024."
  3. ⌛ Gitcoin Grants 22 to end soon; ~2 days left to donate.
  4. 🪂 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!

PROTOCOLASSETSAPY
Curve DEX logoCurve DEX (Ethereum)IDAIIUSDCIUSDT94.09%
Pearl V2 logoPearl V2 (Re.al)ARCUSDUSDC42.82%
Morpho Blue logoMorpho Blue (Ethereum)USD0USD0++USDC41.52%
Merkle Trade logoMerkle Trade (Aptos)ZUSDC31.32%
Indigo logoIndigo (Cardano)IUSD24.38%
Synthetix V3 logoSynthetix V3 (Base)USDC23.03%
Storm Trade logoStorm Trade (Ton)USDT21.69%
Tangible Arcana logoTangible Arcana (Re.al)ARCUSD21.47%
. . .

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

👉 Mint agETH and unlock layers of rewards!

. . .

That’s it for today’s edition! See you soon.

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