Judge Delays Tornado Cash Developer’s Trial

️ On today's Top Picks:

Crypto News

• ⭐️ Tornado Cash Developer Roman Storm’s trial delayed until April; delay due to disagreement over expert witness disclosures.

• Mt. Gox moves ~$35m of Bitcoin to unknown wallets; still holds ~$3.1b of Bitcoin.

• Tether releases Q3 2024 attestation; $2.4b in net profits, $134.4b in total assets, 30% $USDT growth, & more.

• Coinbase pledges another $25m to crypto super-PAC Fairshake; to be used leading up to the US 2026 midterms to elect pro-crypto candidates.

• Russia to ban cryptocurrency mining in some regions; cites electricity shortages.

• Securitize launches Securitize Fund Services; crosses $1b in tokenized onchain assets.

• 21Shares files for spot $XRP ETF; joins Bitwise & Canary Capital who previously filed.

• Paxos launches Global Dollar $USDG; issued by Paxos Digital Singapore & regulated by Monetary Authority of Singapore.

• Immutable $IMX receives Wells notice from US SEC; could face enforcement action soon.

• Alameda Research's seized Aragon $ANT tokens converted to Ethereum by US Government.

• BitGo hires Ben Reynolds to oversee stablecoin business; Reynolds was formerly Silvergate Bank President.

• Kraken hires Stephanie Lemmerman as CFO; Lemmerman was formerly CFO of Dapper Labs.

• Archax to buy King & Shaxson Capital Markets; to extend its existing brokerage, trading, & custody services into the EU.

• ZetaChain $ZETA update causes consensus failure; interrupted block production for ~6 hours.

Alpha

• ⭐️ Tether to release two new products this month (November).

• Linea's final LXP campaign ends in less than 48 hours.

• Story Protocol to launch "final phase" next Thursday (November 14th).

• Eclipse to launch Public Mainnet next week.

• Space And Time launches SXT Chain Testnet quests on Galxe.

• Corn joins Babylon as a Bitcoin Secured Network; to integrate Babylon's Forkless Rollup architecture.

• Corn launches The Baby Corn Reveal Party quests on Galxe.

• Blocksense Network launches Quest 2 on Galxe; complete Quests 1-3 for Gasukei Discord role.

• Debank launches MODE Airdrop Hunter Web3 Badge.

• Time[.]fun migrates from Base to Solana; previously raised $3m in Seed funding.

• Forge Season 2 ends; rewards, roles, & whitelist finalization coming next week.

• Modular Ecosystem Updates by Andy.

Airdrops

• Weekly Recap by Earndrop.

• Sonic Labs Airdrop Strategy by Earndrop.

• ⭐️ Zircuit launches $ZRC Fairdrop; EigenLayer $EIGEN holders & staker eligible.

• Orderly Network launches $ORDER redistribution airdrop; based on trading rewards earned & VALOR balance.

• River Protocol teases $RVR token; recently launched permissionless group chats platform, Towns, runs on River Protocol.

• ICYMI Kelp Airdrop Strategy by Earndrop.

Finance News

• UBS Asset Management launches Ethereum-based tokenized fund

• Stablecoin acquires Triangle for undisclosed amount; Stablecoin was recently acquired by Stripe for $1.1b.

• CleakSpark $CLSK buys 946 PH/s of Canaan’s $CAN Avalon a1566i Bitcoin miners.

• Applied Digital $APLD to raise $375m in Convertible Notes Issuance; to use proceeds for capped call transactions & share buybacks.

• Bitfarms $BITF to deploy another 2.2 EH/s Bitcoin hashrate at Stronghold Digital $SDIG site amid merger.

• BRICS countries control ~20% of the world's gold $XAU reserves.

• $953b wiped from US Stock Market on October 31st.

• Zelle to shift users away from standalone mobile app in favor of using the platform via banking apps.

• Nvidia $NVDA to replace Intel $INTC in the Dow Jones $DJI.

• Intel $INTC reports $13.3b in Q3 2024 revenue beating expectations; loses $16.6b.

Security and Exploits

• ⭐️ M2 crypto exchange hacked for $13.7m; M2 takes full responsibility for any potential losses.

• LottieFiles Lotti-Player was compromised in supply chain attack; injected crypto drainers into crypto websites.

• Shoebill Finance exploited for ~$1.5m of due to oracle misconfiguration.

• Revoke[.]cash adds support for Chiliz blockchain.

• SlowMist publishes October Monthly Security Report; highlights ~$147m in total losses.

• Top Crypto Scams by Cointelegraph.

• LightSpy Spyware new version discovered; targets iOS with increased destructive capabilities.

• Microsoft to charge Windows 10 users for security updates with Extended Security Updates subscription.

• EMERALDWHALE campaign exploits exposed Git configurations; siphons 15k+ credentials & clones 10k private repositories.

Token Unlocks

• EigenLayer $EIGEN / ~$3m / OCT 29th
• Ethena $ENA / ~$5m / OCT 30th
• Celestia $TIA / ~$806m / OCT 30th
• Optimism $OP / ~$54m / OCT 31st
• Manta Network $MANTA / ~$1m / OCT 31st
• Sui $SUI / ~$127m / NOV 01st
• Immutable $IMX / ~$39m / NOV 01st
• ZetaChain $ZETA / ~$37m / NOV 01st
• dYdX $DYDX / ~$8m / NOV 01st
• Galxe $GAL / ~$7m / NOV 01st
• Cardano $ADA / ~$6m / NOV 01st
• Memecoin $MEME / ~$40m / NOV 01st
Sourced from Tokenomist

Funding

• Superscrypt to raise $100m for its second investment fund.

• Glow raises $30m in funding from Framework & Union Square Ventures.

• Ellipsis Labs raises $21m in funding led by Huan Ventures.

• Citrea raises $14m in Series A funding led by Founders Fund.

• Spire Labs raises $7m in Seed funding led by Maven 11 Capital & Anagram.

• Alliance Games raises $5m in Series A funding led by Animoca Brands & Asymm Ventures.

• Phylax Systems raises $4.5m in Pre-Seed funding led by Figment Capital & Nascent.

• 81Ravens raises $4.5m in Seed funding led by Digital Hearts Holdings & GREE Ventures.

• Axal raises $2.5m in Pre-Seed funding led by CMT Digital.

• ⭐️ Gunzilla Games raises an undisclosed amount in funding from VanEck.

• GEODNET raises an undisclosed amount in funding from Animoca Brands.

• Delabs Games raises an undisclosed amount in funding from Ton Ventures.

The Degen Farmer