Polymarket’s Volume Crashes Post-Trump Win

️ On today's Top Picks:

Crypto News

• ⭐️ Polymarket volumes drop ~84% & daily active users drop by 53% after US election; current figures still higher than few months ago.

• Bitcoin $BTC reaches new all-time-high of ~$77k.

• BlackRock's Bitcoin ETF $IBIT saw over $1b in daily net inflows yesterday; most since its inception.

• ⭐️ Ethereum Foundation publishes 2024 Report; reports ~$970m treasury & implements conflict of interest policy.

• US SEC delays decision on spot Ethereum ETF options; cites delay will allow for more analysis & public input.

• Solana $SOL market cap reaches new all-time-high as price surpasses $200.

• Tether Trade Finance completes funding of first $USDT-based Middle Eastern crude oil transaction.

• Sky $SKY (formerly MakerDAO) votes to keep the Sky brand as the backend protocol brand.

• Binance Founder Changpeng Zhao has received proposals to sell controlling stake in Binance.

• FTX Co-CEO Caroline Ellison begins serving two-year prison sentence; also forfeits ~$11b as part of her sentencing.

• FTX CTO Gary Wang asks court to serve no jail time; the fourth FTX employee to be sentenced.

• Degen $DEGEN & Conduit come to an agreement and prepare for handover of rollup keys.

Alpha

• ethOS to close Founder's Edition window of dGEN1 devices on November 15th; minters to be airdropped Founder's Edition NFT.

• ⭐️ Eclipse launches Public Mainnet; over 60 apps & service providers already available.

• Story Protocol launches final Odyssey Testnet; launches Story Odyssey Testnet NFT mint.

• Magic Labs announces Newton, a ZK L2 powered by Polygon CDK.

• Level publically launches $lvlUSD; all users can now mint lvlUSD & earn XP.

• Jumper launches Jumper Wash Trade campaign.

• Bungee launches Bungee SuperSpin campaign.

• Pirate Nation $PIRATE Season 2 ends November 14th; Season 3 to begin immediately after.

• Forge to launch 1-Year Anniversary NFT next week; teases surprise partner.

• DeBank launches $BLAST Airdrop Hunter Web3 Badge.

• Blockscout launches Blockscout Merits Program; launches Blockscout Alpha Scout NFT on Zora.

Airdrops

• Eclipse Airdrop Strategy by Earndrop.

• Swell launches $SWELL Airdrop; restake to earn 10x Black Pearls, 1x Symbiotic Points, & more.

• Magic Eden to publish $ME tokenomics on November 18th.

• Sui Name Service to launch $NS Airdrop on November 14th.

• Manta launches GenDrop eligibility & allocation checker.

• Towns posts "Towns rewards is coming. Stay tuned.." on X.

• ICYMI Fuel Phase 2 Airdrop Strategy by Earndrop.

• Airdrops & Testnet Updates by Alpha Drops.

Finance News

• US Federal Reserve cuts interest rates by 25bps to 4.5% - 4.75%.

• BlackRock Spot Bitcoin ETF $IBIT surpasses its Gold ETF $IAU in net assets.

• BlackRock $BLK in talks to buy minority stake in Millennium; Millennium holds ~$2b in spot Bitcoin ETFs.

• Block $SQ reports $5.98b in revenue for Q3 2024 falling short of analysts’ expectations; to prioritize bitcoin mining & Bitkey.

• Galaxy Digital to end hosting for Argo's Bitcoin miners; to explore transitioning HPC hosting.

• European Union to purchase oil from the United States instead of Russia.

• Tesla $TSLA surpasses $1 Trillion market cap; now the seventh largest US company in terms of market cap.

Security and Exploits

• ⭐️ BlueNoroff threat actor targets crypto businesses with malware for macOS systems.

• Tether commended for collaboration with Canadian Law Enforcement in recovery of stolen digital assets.

• ICYMI SlowMist Weekly Security Report highlights several incidents with over $20m in reported losses.

Token Unlocks

• EigenLayer $EIGEN / ~$4m / NOV 05th
• Cardano $ADA / ~$6m / NOV 06th
• Ethena $ENA / ~$6m / NOV 06th
• Neon $NEON / ~$22m / NOV 07th
• Xai $XAI / ~$8m / NOV 09th
• Bitget $BGB / ~$7m / NOV 10th
• Cardano $ADA / ~$8m / NOV 11th
• Aptos $APT / ~$110m / NOV 11th
• io[.]net $IO / ~$4m / NOV 11th
Sourced from Tokenomist

Funding

• Cytonic raises $8.3m Seed funding led by Lattice & Lemniscap.

• Pharos raises $8m in Seed funding led by Lightspeed Faction & Hack VC.

• Pond raises $7.5m in Seed funding led by Archetype.

• Rekt Brands raises $1.5m in Seed funding.

• SkyX raises $1m in Pre-Seed funding led by EV3, EOT Ventures, & Waterdrip Capital.

• ⭐️ BIO Protocol raises an undisclosed amount in funding from Binance Labs.

• Usual raises an undisclosed amount in funding from Gravity Team.

The Degen Farmer