Jupiter Launches $JUP Airdrop

️ On today's Top Picks:

Crypto News

• ⭐️ FTX expects to fully repay customers and abandons efforts to restart due to lack of buyers.

• Tether profits $2.85B in Q4 '23, $6.2B in total for 2023.

• Ethereum Dencun upgrade successfully launches on Sepolia testnet with Holesky left before Mainnet.

• Starknet collaborates with Celestia to improve data availability for Layer 3 chains.

• US DOJ and SEC charge 2 people for orchestrating $1.9B crypto fraud scheme.

• US SEC dismisses suit against DEBT amid possible penalties for lying.

• German police seize $2.17B worth of Bitcoin in piracy sting.

• Thailand SEC updates cryptocurrency regulatory framework transitioning towards friendly regulations.

• Bitpanda crypto exchange withdraws from the Netherlands to comply with regulations.

Alpha

• Vitalik publishes blog post on the promise and challenges of crypto + AI applications.

• ⭐️ Mark Cuban's favorite crypto projects outside Bitcoin & Ethereum are Polygon $MATIC and Injective $INJ.

• Binance posts, "We've got something cooking." and tags Binance Web3 on X.

• Swell introduces $rswETH, a native Liquid Restaking Token (LRT).

• Starknet Quest launches Loot Survivor x Starknet Pro Score NFT quest.

• Layer N posts, "coming soon™" on X.

• Aerodrome Finance $AERO and Velodrome Finance $VELO added to Coinbase listing roadmap.

• DeBank launches AltLayer $ALT Airdrop Hunter Web3 Badge.

Airdrops

• ⭐️ Jupiter $JUP airdrop is live.

• Manta announces $MANTA rewards for users who bridged Celestia $TIA with Hyperlane.

• Dymension updates Genesis airdrop after small bug fixes.

• Frame reopens claims for $FRAME airdrop and delays mainnet launch.

• ZeroLend to airdrop $ZERO to Pyth Network $PYTH stakers.

• Dmail $DMAIL airdrop season 1 is live.

• Heroes of Mavia Pioneer Airdrop program begins today.

Finance News

• Saudi Arabia officially joins BRICS alliance

• Norway's $1.6T sovereign wealth fund profits $213B in 2023 due to strong returns on its investments.

• HSBC fined $72M for "serious failings" in protecting depositors over several years.

• Delaware judge voids $56B compensation package of Elon Musk citing lack of fairness and proof of negotiations.

• Elon Musk suggests changing Tesla $TSLA state of incorporation to Texas with a poll on X.

• Block $SQ to reduce staff by 10% by end of 2024 as part of previously disclosed plan.

• PayPal $PYPL lays off 2.5K employees as new CEO looks to cut costs and improve profits.

• UPS $UPS to cut $1B in costs and 12K jobs amid declines in volume, revenue, and operating profit.

• X receives money transmitter license for payment services in Nevada.

Security and Exploits

• ZachXBT posts thread with tips on how to secure your X account and what to prioritize if compromised.

• ⭐️ Ripple co-founder personal XRP accounts exploited for ~213M $XRP.

• Dwight Howard, a former NBA player; rug pulls with $BALL token.

• Abracadabra Finance exploited for ~$6.4M due to rounding issue resulting in precision loss.

• CertiK estimates ~$77.1M in losses to exploits, hacks, and scams in January.

Token Unlocks

• dYdX / 33.33M $DYDX / ~$92M / JAN 31
• Tornado Cash / 91.67K $TORN / ~$169K / JAN 31
• Acala / 27.43M $ACA / ~$2.3M / JAN 31
• Euler / 104.46K $EUL / ~$399K / FEB 01
• Nym / 45.63M $NYM / ~$9M / FEB 02
⭐️ • Sui / 34.62M $SUI / ~$54M / FEB 02
• Liquity / 657.35K $LQTY / ~$855K / FEB 04
• Galxe / 5.18M $GAL / ~$9.7M / FEB 04

Funding

• Uncorrelated Ventures raises $315M for crypto and software-focused fund.

• Portal, a Bitcoin defi platform; raises $34M in Seed funding.

• Forgotten Playland, a social party game; raises $7M in funding.

• Hyperline, a blockchain data platform; raises $5.2M in Seed funding led by Slow Ventures.

• BBOX, a derivative trading platform; raises $2.7M in Seed funding led by Hashed and Arrington Capital.

• PublicAI, a distributed AI training network; raises $2M in Seed funding.

• Puffer Finance, an Ethereum liquid restaking protocol; raises an undisclosed amount in Strategic funding from Binance Labs.

• Doubler, an investment strategy protocol; raises an undisclosed amount in Seed funding led by Youbi Capital.

• TProtocol, an RWA liquidity hub; raises an undisclosed amount in Angel funding.

The Degen Farmer