Polymarket Reportedly Considers Launching Token

Alpha Team
September 23, 2024

💰 Polymarket Eyes $50M Token Warrants

Polymarket Considers Token Launch: Polymarket is reportedly considering launching a token as part of its future plans. While not confirmed, a $50M investment round may include token warrants, giving investors the right to purchase tokens if Polymarket moves forward with the launch.

Potential Airdrop Speculation: If Polymarket proceeds with a token launch, it could airdrop tokens to early platform users. Many crypto projects reward early adopters, although Polymarket has made no official comment on this possibility yet.

Funding and Platform Growth: In May, Polymarket raised $45M from Peter Thiel’s Founders Fund and Ethereum’s Vitalik Buterin. Founded in 2020, the platform has attracted nearly $1B in wagers, enabling users to bet on real-world events using crypto. Read More.

️ On today's Top Picks:

🪂 $EIGEN transfer restrictions removed on Sep 30th.
🤝 Bitfarms & Riot Platforms reach settlement.
🔍 Telegram changes terms of service.
💰 Celestia raises $100m led by Bain Capital Crypto.

Read time: ⏰ 6 minutes

Crypto News

• ⭐️ Polymarket reportedly considers token launch; to potentially raise ~$50m with token warrants for investors.

• US SEC approves options for BlackRock Spot Bitcoin ETF $IBIT.

• Coinbase to launch $cbBTC on Solana $SOL; a specific launch date has yet to be announced.

• Treasure DAO approves approves migration to ZKsync $ZK; Mainnet to launch within next two months.

• Sui Network $SUI surpasses both Avalanche $AVAX & Polygon $POL in TVL; ~$100m Sui token unlock on October 1st.

• Mango Markets to offer US CFTC $500k settlement to avoid litigation over trading violations.

• Digital Asset Investment Products see $321m of net weekly inflows; the second week in a row of inflows.

Alpha

• Allora Network by Earndrop.

• 0x (Matcha) potentially hints at adding support for Scroll, Blast, & Linea on September 27th.

• Fuel introduces Fuel Points Phase 2; to launch when Fuel Mainnet goes live.

• Initia posts "Initializing Mainnet ▓▓▓▓▓▓▓▓░░░░░░ 66%" on X.

• Union launches Union x Scroll quest on Metaverse HQ.

• Upcoming TGEs, Listings, & Releases by ICO Analytics.

Airdrops

• ⭐️ Eigen Foundation announces $EIGEN transfer restrictions to be removed on September 30th.

• deBridge to launch $DBR Airdrop on October 17th; to launch LFG via Jupiter on October 15th.

• LogX launches $LOGX Airdrop eligibility & allocation checker; claims begin September 24th.

• Kelp launches EigenLayer $EIGEN Season 2 StakeDrop claims.

• StakeStone launches EigenLayer $EIGEN Season 2 StakeDrop eligibility & allocation checker.

• ICYMI Weekly Airdrops Recap by Earndrop.

• ICYMI LayerZero reallocates unclaimed $ZRO; eligible users can claim now.

Finance News

• Silvergate Capital bankruptcy filing reveals regulatory pressure led to its shutdown.

• ⭐️ Bitfarms $BITF & Riot Platforms $RIOT reach settlement in takeover saga; Riot prohibited from acquiring more than 20% of Bitfarms.

• 23 Countries apply to join BRICS Alliance; 24 additional countries have expressed interest in joining.

• BNP Paribas to buy HSBC private banking unit in Germany.

Security and Exploits

• SlowMist Weekly Security Report highlights ~$57m in losses.

• SlowMist launches an Incident Response Service for Web3 projects.

• ⭐️ Telegram changes terms of service; to provide more user data to judicial authorities.

• US Government to ban Chinese & Russian software & hardware for connected vehicles.

• Kaspersky deletes itself from US customers' computers; installs UltraAV software.

Token Unlocks

• Galxe / 416.67 $GAL / ~$1m / SEP 24
• Venom / 235.36m $VENOM / ~$26m / SEP 25
• Yield Guild Games / 14.08m $YGG / ~$6m / SEP 27
• SingularityNET / 8.19m $AGIX / ~$6m / SEP 28
• Ethena / 14.89m $ENA / ~$4m / SEP 29
• Optimism / 31.34m $OP / ~$53m / SEP 30
• Manta Network / 1.87m $MANTA / ~$2m / SEP 30

Funding

• ⭐️ Celestia raises $100m in funding led by Bain Capital Crypto.

• Helix raises $2m in Pre-Seed funding led by Tribe Capital.

• Grass raises an undisclosed amount in Series A funding led by Hack VC.

• Zulu Network raises an undisclosed amount in Seed funding.

The Degen Farmer

Top stablecoin yield farms of the day, more than $3,000,000 in TVL. DYOR and step up your farming game!

PROTOCOL	ASSETS	APY
Tangible Arcana (Re.al)	ARCUSD	35.45%
Merkl (Ethereum)	USDCDYAD	29.67%
Curve DEX (Ethereum)	IDAIIUSDCIUSDT	28.50%
Extra Finance (Base)	DOLAUSDC	28.33%
Aerodrome V1 (Base)	DOLAUSDC	24.95%
Notional V3 (Ethereum)	NUSDC	22.14%
Anzen V2 (Ethereum)	SUSDZ	22.01%
Velodrome V2 (Optimism)	USDCDOLA	21.99%

. . .

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