Starknet Unveils $STRK Airdrop

📈 Starknet's Massive Token Plan

Token Distribution to 1.3M Wallets: Starknet Foundation announces STRK token distribution to nearly 1.3 million wallets, targeting early ecosystem users and Ethereum contributors.

STRK Token Details: Starting February 20, eligible wallets can claim over 700 million STRK tokens, 7% of the total 10 billion supply, within a four-month period.

Eligibility and Governance: Eligibility based on transaction history and network interaction. Starknet aims to use STRK for decentralized governance. Read More.

️ On today's Top Picks:

  1. ⚖️ CZ criminal sentencing postponed.
  2. 🐻 Berachain launches Balentine's Day quest.
  3. 💰 Ultiverse raises $4M in funding.
  4. 💵 US Inflation falls to 3.1%.

Read time: ⏰ 8 minutes


Crypto News


• ⭐️ CZ criminal sentencing postponed until April 30th.

Genesis receives court approval to sell $1.6B Grayscale $GBTC shares.

Federal Reserve Chair Jerome Powell says US needs legislative framework for stablecoins.

Franklin Templeton files for spot Ethereum $ETH ETF.

Ethereum co-founder Jeffrey Wilcke deposits 10K $ETH to Kraken.

Solana $SOL Phone chapter 2 reaches 100K pre-orders.

Ripple $XRP acquires Standard Custody & Trust Co. to increase US qualifications and operations.

ENS Labs $ENS receives $300K settlement offer from Manifold Finance regarding eth[.]link domain name.

Alpha


February Bi-Weekly Calendar by LayerGG.

DN404 or "Divisible NFT" standard released by Cygaar and several other developers.

• ⭐️ Berachain launches Balentine's Day quest in collaboration with The Honey Jar.

Monad posts, "devnet loading ▓▓▓▓▓▓▓▓░░░░░ 66%," on X.

Pontem Ecosystem Bounty Program wave 7.0 is live.

Aevo launches farm boost program in collaboration with Pandora team.

Sushi introduces Susa, a perpetuals exchange built on Layer N.

Jumper launches Lil Pudgys campaign on Mercle until Feb 18th.

Lens Protocol releases limited collect Opening the garden art on Hey.

Holograph releases free Smile Valentine NFT in collaboration with Zora.

Airdrops


• ⭐️ Starknet $STRK airdrop is out by Olimpio.

Braavos launches 1M $STRK Raffle campaign.

EtherFi posts poll on whether they should publish tokenomics on X.

LayerZero $ZRO & Polyhedra, 2 Birds with 1 Stone by Crypto Snooper.

Proof of Play posts, "gm, we've been busy." with a video of spinning logo on X.

Finance News


• ⭐️ US Inflation falls to 3.1%, higher than expected.

UK inflation holds at 4%, lower than expected.

NVIDIA $NVDA flips Amazon $AMZN stock in market cap.

Jeff Bezos sells $2B+ in Amazon $AMZN stock.

Paramount Global $PARA lays off 800 employees (3%) amid intentions to spend less.

Uber $UBER announces $7B share buyback.

Lyft $LYFT misstates margin expansion as 500 basis points instead of 50 basis points.

Security and Exploits


Samczsun creates Security Alliance, an initiative to protect white-hat hackers from legal woes.

Blockaid discovers new emerging attack vector from Angel Drainer group.

Hayden Adams discovers new attack vector involving scammers registering [YourEthereumAddress].eth.

Miner exploited for ~168.8 ETH due to an error in update function.

Microsoft releases updates patching 73 security flaws and 2 zero-day exploits.

MoqHao, a new variant of Android malware targets users in Europe & Asia.

Token Unlocks


• Euler / 98.36K $EUL / ~$428K / FEB 15
• Flow / 2.6M $FLOW / ~$2.2M / FEB 15
• ApeCoin / 15.6M $APE / ~$23.7M / FEB 16
• Nym / 3.21M $NYM / ~$618K / FEB 17
• Manta / 6.67M $MANTA / ~$18.4M / FEB 18
• Oasis / 171M $ROSE / ~$21.5M / FEB 18


Funding


FORDEFI, an institutional wallet service; raises $10M in funding led by Electric Capital.

Architect, a financial infrastructure firm; raises $5M in Seed funding.

• ⭐️ Ultiverse, a Web3 video game studio; raises $4M in Strategic funding.

Watches[.]io, a tracking and trading ecosystem for watches; raises $1.9M in Pre-Seed funding led by Lemniscap.

The Degen Farmer

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

PROTOCOLASSETSAPY
Notional V3 logoNotional V3 (Arbitrum)NUSDT70.90%
Abracadabra logoAbracadabra (Arbitrum)MIMUSDCUSDT51.81%
Jones DAO logoJones DAO (Arbitrum)JUSDC50.56%
Turbos logoTurbos (Sui)USDTUSDC49.63%
Aerodrome logoAerodrome (Base)DOLAUSDC42.27%
Beefy logoBeefy (Arbitrum)MIMARBUSDCEUSDT37.07%
Idle logoIdle (Optimism)USDT35.60%
Cetus logoCetus (Sui)USDTUSDC31.66%
. . .

+$600,000,000 in airdrops was lost

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. . .

That’s it for today’s edition! See you soon.

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