FTX vs ByBit: Billion-Dollar Battle

☕️ On today's Top Picks:

📰 Crypto News

• ⭐️ FTX sues ByBit alleging that ByBit used its status to recover its funds before everyday customers and also accuses ByBit of secretly controlling BitDAO/Mantle.

• ⭐️ The Wall Street Journal (WSJ) publishes alleged misinformation article alleging Hamas raised ~$140M in cryptocurrency. Chainalyis debunked a previous article from WSJ also regarding Hamas cryptocurrency funding.

• Terraform Labs acquires Pulsar Finance as it pursues plans post Do Kwon fallout.

• ⭐️ Can Sun, former FTX general counsel; is launching Backpack cryptocurrency exchange and plans to raise funds at a $100 million valuation.

• Bithumb cryptocurrency exchange planning for an initial public offering (IPO) in Korea with Samsung Securities as its underwriter.

• Lens Protocol V2 migration completes. The upgrade aims to improve the protocol design, as well as introduce some new features.

• EtherFi $eETH is live on mainnet. Only whitelisted users can mint $eETH, but more users will be whitelisted over the upcoming days.

• Pika Protocol to retire $PIKA token citing failed aspirations for growth. Current $PIKA holders can redeem for ETH at a fixedPika Protocol will continue to build

• Devconnect, a week-long gathering of independent Ethereum events; begins today from Istanbul, Turkey.

• Gitcoin Grants 19, last day to vote on collection curators.

⚡ Alpha

• Dan Romero releases Zora x Warpcast NFT which can only be minted via Warpcast with Warps.

• Dune Zorbs NFT, 3 days left to mint the commemorative NFT.

• Gitcoin Grants 19 is beginning soon, refresh your Gitcoin Passport as a minimum score of 15 is needed to be eligible for donation matching.

🪂 Airdrops

• Jupiter announces major updates will be coming soon regarding the first round of community airdrops and other key “Grow The Pie” initiatives.

• LayerGG posts X thread on Helio Protocol, a tokenless LSDfi protocol backed by Binance.

• Layer3 launches Ambient Finance quest. Ambient Finance is a tokenless DEX with ~$6.5M in funding.

📰 Finance News

• US Consumer price index (CPI) data for October to be released tomorrow.

• Moody’s Investors Service downgrades US credit outlook from stable to negative citing deficits and political polarization.

🛡 Security and Exploits

• SlowMist releases weekly security report highlighting 9 security incidents valuing a total loss of ~$138M.

• ⭐️ AAVE V2 and V3 markets unpaused as previously reported security vulnerability is patched.

• Coin Cloud, a bankrupt Bitcoin ATM firm; is compromised claims hacking group. The group claims to have stolen customer selfies and sensitive personal data.

• ZachXBT reports X influencer PROFIT BLUE was SIM swapped. The attacker leaked PROFIT BLUE DM's revealing that the influencer scammed their followers.

• ZachXBT discovers a victim who had $27M USDT stolen from them and notes the victims' address is connected to the Binance deployer.

Token Unlocks

• CyberConnect / 1.26M $CYBER / ~$9.11M / 14 NOV
• Flow / 2.6M $FLOW / ~$1.73M / 15 NOV
• ⭐️ ApeCoin / 15.6M $APE / ~$22.47M / 16 NOV
• Oasis Network / 196M $ROSE / ~$13.92M / 18 NOV

💰 Funding

• Block Scholes, a crypto analytics firm; raises $3.3M in investment funding.

• Glacier Network, a layer 2 data rollup network; raises $2.9M in seed funding.

• Napier Labs, a liquidity hub for yield trading; raises $1M in pre-seed funding.

🌾 The Degen Farmer