OpenSea Denies KYC Airdrop Rumors

️ On today's Top Picks:

Crypto News

• World Liberty Financial $WLFI unveils Macro Strategy, a strategic token reserve; WLFI recently bought Wrapped Bitcoin $WBTC, Ethereum $ETH, Tron $TRX, Movement $MOVE, & Ondo $ONDO.

• 21Shares proposes adding staking to Ethereum $ETH ETFs; first ETF to file with US SEC to allow for staking.

• ⭐️ US SEC acknowledges spot Solana $SOL ETF filings from 21Shares, Bitwise, Canary, & VanEck; Franklin Templeton begins application process.

• Franklin Templeton expands OnChain US Government Money Market Fund (FOBXX) to Solana $SOL; already available on Ethereum $ETH, Base, Aptos $APT, & Avalanche $AVAX.

• Binance $BNB & US SEC file joint motion to halt legal dispute for 60 days; request made due to pending development of a regulatory framework for digital assets.

• Crypto[.]com $CRO to provide crypto asset services cross border to all European Economic Area (EEA) member states.

Alpha

• Credible Airdrop Strategy by Earndrop.

• Naoris Airdrop Strategy by Earndrop.

• ⭐️ Uniswap $UNI launches Unichain mainnet; Unichain is a Stage 1 Rollup, built on the Superchain, & powered by Optimism's $OP stack.

• Socket launches SocketSociety quiz; top testers to earn Powerpuff Discord role.

• Boundless launches Boundless Berries NFT mint; free, one per wallet, & live for 48 hours only.

• ICYMI Weekly Airdrop Recap by Earndrop.

• ICYMI Polymarket Airdrop Strategy by Earndrop.

Airdrops

• ⭐️ OpenSea refutes rumors of KYC for upcoming airdrop; OpenSea CEO Devin Finzer says "...information was 'boilerplate' text used on the testing site..." on X.

• Solayer launches $LAYER airdrop claim; Solayer users are eligible.

• Avalon launches $AVL airdrop claim; Avalon users are eligible.

• Story Protocol breaks down $IP Initial Incentives; 10% of IP supply allocated for Initial Incentives, 5% for users & 5% for ecosystem projects.

• RedStone Oracles introduces $RED tokenomics; 10% of RED supply allocated for Community & Genesis.

Finance News

• US Inflation rises to 3%, higher than expected 2.9%; largest increase since June 2024.

• US President Trump nominates Brian Quintenz for CFTC Chairman; former CFTC commissioner & previously a16z Crypto head of policy.

• KULR Technology $KULR buys 100 Bitcoin $BTC for ~$10.4M at ~$103,905 per BTC; now holds 610.3 BTC worth ~$60M.

• Gumi $3903.T, a Japanese game studio, to buy $6.58M of Bitcoin $BTC; expects to earn secondary revenue from staking on Babylon.

• The National Bank Of Poland will not consider holding Bitcoin; Adam Glapiński, the central bank’s president, says the asset “must be absolutely secure" to be considered.

• ⭐️ SoftBank $9984.T reports $2.4B net loss in Q4 2024; recently committed to invest $15B in Stargate, the joint venture between Oracle, OpenAI, & SoftBank.

• Robinhood $HOOD reports $916M net profit in Q4 2024; crypto revenue amounted to $358M.

• BitGo considers initial public offering as early as Q2 2025; previously raised $100M at a $1.75B valuation in 2023.

• Digihost $DGHI to repurpose Bitcoin $BTC mine for HPC & AI hosting; to finance the $440M project primarily through debt.

Security and Exploits

• Microsoft releases February 2025 security updates; patches 55 vulnerabilities including four zero-days, two actively exploited in attacks.

• zkLend $ZEND exploited for ~$9M; post-mortem coming soon; offers hacker 10% white hat bounty if remaining funds are returned.

• ICYMI Apple releases emergency security update patching zero-day vulnerability; exploit allows attackers to disable USB Restricted Mode on locked devices.

Token Unlocks

• The Sandbox $SAND / ~$83M / FEB 14th
• Starknet $STRK / ~$16M / FEB 15th
• Sei $SEI / ~$13M / FEB 15th
• Avalanche $AVAX / ~$44M / FEB 16th
Sourced from Tokenomist

Funding

• ⭐️ Legend raises $15M in Seed funding led by a16z Crypto.

• Blum raises $5M in Pre-Seed & Seed funding led by gumi Cryptos Capital.

• Mirai Labs raises $4M in Seed funding led by Mechanism Capital.

• Cabal raises $3M in funding from several investors.

• InfiniFi raises $3M in Pre-Seed funding led by Electric Capital.

• Whetstone Research raises $1.3M in Pre-Seed funding led by Variant.

• Zengo raises an undisclosed amount in Strategic funding led by Tether.

• TaoFi raises an undisclosed amount in Strategic funding led by Digital Currency Group.

• Bidask Protocol raises an undisclosed amount in funding from DWF Labs.

• Fere AI raises an undisclosed amount in funding from Morningstar Ventures.

The Degen Farmer