SEC Considers Solana ETFs in 2025

️ On today's Top Picks:

Crypto News

• Bitcoin $BTC, Solana $SOL, & total crypto market cap reach new all-time highs.

• ⭐️ US SEC engages with Solana $SOL ETF applicants, VanEck, 21Shares, Bitwise & Canary Capital.

• Chillguy $CHILLGUY creator Phillip Banks copyrights character; threatens legal action.

• Kalshi allegedly paid influencers to target Polymarket CEO after FBI raid.

• ⭐️ Sui $SUI shuts down for two hours due to bug in congestion control code.

• FTX to begin distributions no later than March 2025.

• Polymarket bans French traders amid French government investigation.

• Marathon Holdings buys an additional ~$572m of Bitcoin $BTC; now holds ~$2.6b worth.

• Cboe Global Markets to launch cash-settled Bitcoin $BTC options on December 2nd.

• Sui Foundation $SUI partners with Franklin Templeton Digital Assets.

• UK Government to draft regulatory framework for crypto industry early next year.

• BitGo launches Singapore subsidiary to expand services in APAC region.

• TrueUSD $TUSD up to 99.7% backed by speculative assets despite recent US SEC settlement.

• Justin Sun buys Maurizio Cattelan's 'Comedian' artwork for $6.24m.

Alpha

• Symbiotic adds support for $SWELL; increases caps for $sUSDe, $stETH, $LBTC, & $mETH.

• Story Protocol announces the final day to claim Odyssey Testnet badges is December 8th.

• Lisk launches 15m $LSK airdrop campaign; earn points & redeem for tokens.

• Eclipse launches time-limited Andromeda NFT mint on Scope.

• Proof of Play launches $PIRATE Staking Season 2.

• DeBank launches OMNI $OMNI Airdrop Hunter Web3 Badge.

• Modular Ecosystem Updates by Andy.

Airdrops

• Zircuit to enable $ZRC transferability on November 25th.

• Swell to launch $SWELL Wavedrop 1 on November 27th.

• Namada $NAM proposes to launch Mainnet Genesis on December 2nd-6th.

• ⭐️ Magic Eden to launch $ME airdrop on December 10th.

• Pirate Nation launches $PIRATE Season 2 Rewards.

• Side Protocol unveils $SIDE tokenomics; 10% allocated for Genesis Drop.

• Anzen unveils $ANZ tokenomics; 5% allocated for airdrops.

• Morpho enables $MORPHO transferability.

• Nektar launches $NET airdrop; Diva protocol users, Gitcoin donors, and more are eligible.

• ICYMI Yala Airdrop Strategy by Earndrop.

• ZERO Network Airdrop Guide by Atoms Research.

Finance News

• ⭐️ US SEC Chairman Gary Gensler to step down on January 20th.

• US SEC Commissioner Jaime Lizárraga to step down on January 17th.

• MicroStrategy $MSTR completes $3b convertible notes offering; up from revised $2.6b & initial $1.75b targets.

• ⭐️ MicroStrategy $MSTR slides; Citron Research shorts MicroStrategy citing it has detached from BTC fundamentals.

• Mastercard $MA partners with JPMorgan $JPM for cross-border payments on the blockchain.

• Charles Schwab $SCHW to offer crypto investments citing change in the regulatory environment.

• Trump Media & Technology Group $DJT files trademark application for TruthFi, a crypto platform.

• MARA Holdings $MARA completes $1b convertible notes offering.

• Core Scientific $CORZ converts Bitcoin mine to HPC hosting site.

• Stripe buys back its shares at a ~$70b valuation; acquired stablecoin platform Bridge for $1.1b in October.

• Citi $C to establish regional headquarters in Saudi Arabia's Riyadh.

• Archegos hedge-fund founder Bill Hwang's 18-year prison sentence could be reduced to 11 1/2 years.

Security and Exploits

• Scammers poison AI training data with malicious crypto code.

• ICYMI SlowMist publishes Weekly Security Report; highlights ~$60m in reported losses.

• ICYMI ZachXBT posts investigation into social engineering scammer Ronaldd (Ronald Spektor) on X.

• ICYMI Apple releases security updates for iOS, iPadOS, & macOS; patches two zero-day flaws.

Token Unlocks

• Pixels $PIXEL / ~$10m / NOV 19th
• EigenLayer $EIGEN / ~$3m / NOV 19th
• Skale $SKL / ~$2m / NOV 20th
• Ethena $ENA / ~$6m / NOV 20th
• Cardano $ADA / ~$15m / NOV 21st
• Galxe $GAL / ~$1m / NOV 21st
• Space ID $ID / ~$8m / NOV 22nd
• Coin98 $C98 / ~$2m / NOV 23rd
• Venom $VENOM / ~$2m / NOV 25th
• Cardano $ADA / ~$19m / NOV 26th
Sourced from Tokenomist

Funding

• Deblock raises $16.8m in Seed funding led by Headline, Hoxton Ventures, 20VC, & Chalfen Ventures.

• KGen raises $10m in funding led by Aptos.

• Rise raises $6.3m in Series A funding led by Draper Associates & Polymorphic Capital.

• Shinami raises $5.65m in Seed funding.

• Exponent raises $2.1m in funding led by RockawayX.

• Gunzilla Games raises an undisclosed amount in funding from Coinbase Ventures.

• Lnfi Network raises an undisclosed amount in Pre-Seed funding.

The Degen Farmer