Monad Launches Mainnet & Airdrop

️ On today's Top Picks:

Crypto News

• ⭐️ Upbit to pursue Nasdaq IPO after Dunamu & Naver Financial merger; deal centers on combining Naver Pay with Dunamu’s blockchain & stablecoin infrastructure.

• Berachain $BERA allegedly gave Brevan Howard Nova Digital refund rights on its $25M investment; Berachain founder Smokey The Bera says the allegations are incomplete & inaccurate.

• Digital Asset Investment Products saw $1.94B of outflows last week; Bitcoin $BTC ~$1.3B outflows, Ethereum $ETH ~$589M outflow, Solana $SOL ~$156M outflows, Ripple $XRP ~$89M inflows.

• Solana $SOL launches support for Monad $MON; powered by Sunrise, a liquidity gateway by Wormhole $W Labs; Sunrise to launch support for more tokens from other ecosystems onto Solana.

• Solana $SOL community launches SIMD-0411 proposal; aims to accelerate the chain’s disinflation rate by 2x with no reward cuts or added mechanisms.

• Grayscale $XRP Trust ETF (GXRP) begins trading; Franklin Templeton $XRP ETF (XRPZ) also begins trading.

• Grayscale Dogecoin $DOGE Trust ETF (GDOG) begins trading; Bitwise DOGE ETF (BWOW) to also begin trading soon.

Alpha

• ⭐️ MegaETH $MEGA to launch Pre-Deposit campaign on November 25th; registered Sonar users for the MEGA public sale are eligible to participate; pre-depositors to be considered for upcoming Rewards campaign.

• Lighter launches spot trading on Lighter testnet; asks for feedback from traders as it prepares for launch on Lighter mainnet.

• Soneium launches Soneium Score Season 3 Badge mint; users with a score of 84-100 can mint in stage 1, users with a score of 80-83 can mint in stage 2.

• Jumper launches Monad $MON NFT Mania campaign; complete quests to earn Jumper XP & whitelist spots for several upcoming Monad NFTs.

• Privacy Pools lowers minimum deposit to 0.01 Ethereum $ETH; recently raised $3.5M in Seed funding led by Starbloom Capital.

• Legion launches Ambassador program; access is invite only; more information available on Legion Discord.

• Infinex finalizes Bullrun leaderboard; top 100 players to receive 1 Patron NFT; top 1000 players to receive Craterun crates.

• Guild launches Monad $MON Mainnet Commemorative NFT; costs 50 MON to mint.

Airdrops

• ⭐️ Monad $MON launches mainnet, tge, & airdrop; tokens automatically distributed to wallets; 5.5K community members & 220K onchain were eligible to register.

• Farcaster launches Monad $MON airdrop; top 1K traders on Farcaster are eligible.

• Irys $IRYS to launch airdrop claim on November 25th; Irys Genesis NFT holders, Discord & Telegram community members, & more were eligible to register.

• Talus $yUS launches airdrop registration & eligibility checker; Talus community hub participants, Tallys NFT holders, & more are eligible.

• Pharos launches the Pharos Foundation; to launch mainnet, tge, & airdrop soon.

Finance News

• US Markets closed (NOV 28th).

• US President Trump holds phone call with China President Xi; says he had “a very good call” with Xi and agreed to “communicate often.”

• ⭐️ US President Trump launches the Genesis Mission, a "national effort to harness the AI computing revolution and double the productivity of American science within a decade."

• US Department of Government Efficiency (DOGE) denies Reuters report claiming it was shut down; posts regularly scheduled updates every Friday.

• Galaxy Digital $GXLY in talks with Polymarket & Kalshi to become liquidity provider; currently doing "small-scale experimenting" with market-making on prediction markets.

• Bitmine $BMNR buys an additional 69,822 Ethereum $ETH ($~206M); now holds 3,629,701 ETH (~$10.7B); also holds $800M in unencumbered cash.

• Exodus $EXOD to acquire W3C Corp, parent company of Monavate & Baanx, for $175M; subject to regulatory approval, expected to close in 2026.

Security and Exploits

• Cardano $ADA suffered a major chain split on November 21st due to an exploit; emergency patches were deployed within three hours, with the network converging through natural consensus by the next day.

• Thief posing as delivery driver steals ~$11M in crypto from homeowner in San Francisco; physical assaults targeting crypto holders reaching new levels in 2025.

• Port3 $PORT3 exploited due to vulnerability in NEXA's cross-chain token solution CATERC20; Port3 has since announced a token migration plan.

Token Unlocks

• Humanity $H / ~$8M / NOV 25th
• Plasma $XPL / ~$18M / NOV 25th
• Jupiter $JUP / ~$13M / NOV 28th
• Hyperliquid $HYPE / ~$317M / NOV 29th
Sourced from Tokenomist

Funding

• ⭐️ Revolut raises an undisclosed amount in funding at a $75B valuation led by Coatue, Greenoaks, Fidelity, & Dragoneer.

• LootGO raises an undisclosed amount in Angel funding from several investors.

The Degen Farmer