Russia Bans Crypto Mining Until 2031

️ On today's Top Picks:

Crypto News

• ⭐️ Russia to ban cryptocurrency mining in 10 Russian regions for six years starting January 1st, 2025; lawmakers also approved seasonal restrictions to prevent power outages.

• South Korea imposes sanctions on North Korean hackers; North Korean hackers stole ~$1.34B worth of cryptocurrencies in 2024.

• Terra Co-founder Do Kwon’s extradition appeal dismissed by Montenegro court; Kwon's extradition to South Korea or the US now depends on Justice Minister Bojan Božović's decision.

• Digital Assets saw $308M of inflows last week; Bitcoin $BTC saw net inflows of $375M, Ethereum $ETH saw net inflows of $51M, & Solana $SOL saw new inflows of $8.7M.

• ICYMI Interpol issues Red Notice on behalf of Finland for Hex & PulseChain founder Richard Heart; charged with gross tax evasion & assault. 

• ICYMI MicroStrategy buys an additional 5,262 Bitcoin $BTC for ~$561M at ~$106,662 per Bitcoin; now holds 444,262 BTC worth $41B.

Alpha

• ⭐️ Berachain launches two incentivized pre-deposit Vaults for Boyco markets by Concrete, Lombard, & StakeStone.

• ⭐️ Movement $MOVE Co-founder rushi confirms Movement Mainnet launch set for January 2025.

• BOB launches The Home of Bitcoin DeFi campaigns on both Layer3 & Intract; earn up to 10,000 Spice Points.

• Morph launches Morph-mas NFT airdrop; 10,000 Mystery Boxes airdropped to early users.

• N1 launches a Christmas Special Limited Edition Badge; early & active Discord members eligible.

• Treehouse launches mystery badge campaign; ends January 2nd, 2025 or until all badges are claimed.

• Rango launches ZKsync Horizon quest on Intract; part of Rango ScoringBoost campaign.

• Towns launches Towns Points; earn Town Points for buying Towns memberships; with daily Beaver belly rubs, & more ways coming soon.

• DeBank launches Odos $ODOS Airdrop Hunter Web3 Badge; users who received ODOS airdrop eligible.

Airdrops

• Lens Airdrop Strategy by Earndrop.

• echos[.]fun launches $TUSK airdrop; Mammoth NFT holders eligible.

• ⭐️ Amnis Finance to launch $AMI airdrop in early Q1 2025; Amnis Finance stakers $stAPT to likely be eligible.

• ICYMI Olimpio launches Odos $ODOS airdrop mass wallet checker; no cookies, no tracking, & no signatures.

• ICYMI SphereX Airdrop Strategy by Earndrop.

Finance News

• HIVE Digital $HIVE invests $30M in GPUs to drive growth for its high-performance computing segment & further diversify its Bitcoin mining revenue.

• ⭐️ South Korea to potentially create Korea Semiconductor Manufacturing Company (KSMC) to compete with TSMC; requires ~$14B investment.

• ICYMI MicroStrategy $MSTR CEO Michael Saylor releases Digital Assets Framework proposal; suggests establishing strategic Bitcoin reserve & more.

• ICYMI MicroStrategy $MSTR adds Brian Brooks (Binance[.]US & Coinbase), Jane Dietze (Brown University & Galaxy Digital), and Gregg Winiarski (Fanatics) to board of directors.

Security and Exploits

• Animoca Brands Chairman Yat Siu X account compromised; ZachXBT claims Siu fell victim to same phishing email as other recent compromised accounts.

• Largest Crypto Exploits and Hacks of 2024 by Decrypt.

• ICYMI MetaMask’s Taylor Monahan tracks North Korean hacker addresses trading on Hyperliquid; warns that "DPRK doesn't trade. DPRK tests" alluding to Hyperliquid as a potential target.

• ICYMI SlowMist releases Weekly Security Report highlighting ~$332K of total reported losses.

Token Unlocks

• Immutable $IMX / ~$34M / DEC 27
• ApeX $APEX / ~$14M / DEC 27
• Yield Guild Games $YGG / ~$7M / DEC 27
Sourced from Tokenomist

Funding

• Swan Chain raises $2M in funding led by DWF Labs, Optimism Foundation, & Promontory Technologies.

The Degen Farmer