Swift & Consensys Build Blockchain Prototype

️ On today's Top Picks:

Crypto News

• Jump's Firedancer team proposes (SIMD-0370) removing Solana’s $SOL fixed compute unit block limit after Alpenglow upgrade; means validators are incentivized to pack as many transactions as they can into a block.

• US SEC asks issuers of Solana $SOL, Ripple $XRP, Dogecoin $DOGE, Cardano $ADA, & Litecoin $LTC ETFs to withdraw their 19b-4 filings; recent approval of generic listing standards replaces need for these filings.

• ⭐️ Binance $BNB launches crypto-as-a-service solution; allows institutions to offer crypto trading services to their clients.

• Coinbase $COIN CEO Brian Armstrong calls on the public to contact their US Senator; claims US banks are lobbying Congress to ban stablecoin rewards.

• Flashblocks launches on Optimism $OP mainnet; reduces effective block times from 2 seconds to 250 milliseconds.

• US SEC issues DoubleZero a no-action letter for $2Z; means DoubleZero does not have to register as a class of “equity securities”.

• Crypto[.]com receives approval from CFTC for derivatives licenses in the US for margined derivatives; also approved to serve as an intermediary for customers & institutions across the derivatives market.

• Digital Asset Investment Products saw $812M in outflows last week; Bitcoin $BTC ~$719M outflows, Ethereum $ETH ~$409M outflows, Solana $SOL ~$291M inflows, Ripple $XRP ~$93.1M inflows.

Alpha

• ⭐️ Hyperliquid $HYPE launches Hypurr NFTs; airdropped to eligible Genesis Event participants; total of 4,600 NFTs in the collection.

• Soneium launches Soneium Score Season 1 badge claim; users with at least 80 points in Season 1 are eligible; Season 2 is currently live.

• Makina launches Pre-Launch Machines (vaults) & Season 0; earn points for $MAK, earn tickets for MAK ICO, & eligibility for future NFT drop.

• Turtle introduces $TURTLE; 13.9% of TURTLE supply allocated for airdrop; snapshot has not been taken.

• ICYMI Airdrops, Checkers, & Points by Olimpio.

Airdrops

• ⭐️ OpenEden launches $EDEN airdrop eligibility & allocation checker; Bills points holders are eligible; claim opens on September 30th.

• Falcon launches $FF airdrop claim; Falcon Miles holders, $KAITO stakers, & more are eligible; claim closes on December 28th.

• Anoma launches $XAN season 1 airdrop claim; testnet participants, Discord community members, & Shrimpers NFT holders were eligible to register; claim closes on October 5th.

• Binance $BNB launches OpenEden $EDEN HODLer Airdrop; BNB Simple Earn and/or BNB On-Chain Yields subscribers from September 23rd to September 25th are eligible.

• AllDomains launches $ADNS airdrop eligibility & allocation checker; domain holders are potentially eligible.

Finance News

• ⭐️ Swift partners with Consensys for blockchain-based shared ledger prototype; collaborating with over 30 global financial institutions to define functionality, governance, & future phases of development.

• Strategy $MSTR buys an additional 196 Bitcoin $BTC for ~$22.1M at ~$113,048 per BTC; now holds 640,031 BTC (~$73.2B) acquired for ~$47.35B at ~$73,983 per BTC.

• Bitmine $BMNR buys an additional 234,846 Ethereum $ETH (~$984M); now holds 2,650,900 ETH (~$11.1B).

• Bit Digital $BTBT to raise $100M via convertible notes offering; to use funds to buy Ethereum $ETH.

• Helius Medical Technologies $HSDT rebrands to Solana Company; recently closed $500M PIPE to launch a Solana $SOL treasury company.

• Sharps Technology $STSS partners with Crypto[.]com $CRO to manage its treasury; currently holds 2M Solana $SOL (~$429M).

• TeraWulf $WULF to raise ~$3B to expand its data centers; Google $GOOG, which holds a 14% stake in WULF, is backing the deal.

• Key Events This Week by The Kobeissi Letter.

Security and Exploits

• Sui $SUI partners with Blockaid to "enhance the security of the Sui ecosystem"; includes ecosystem-wide wallet protection, transaction simulation, & more.

• Hyperdrive exploited for ~$773K due to exploit; the exploit has since been patched & market operations have resumed; affected users have also been made whole.

• Chainalysis supports Chaco Police Cybercrime Department in solving a $150K cryptocurrency theft case.

Token Unlocks

• Optimism $OP / ~$21M / SEP 30th
• Renzo $REZ / ~$5M / SEP 30th
• Kamino $KMNO / ~$16M / SEP 30th
• Sui $SUI / ~$145M / OCT 01st
• ZetaChain $ZETA / ~$7M / OCT 01st
• Ethena $ENA / ~$23M / OCT 02nd
Sourced from Tokenomist

Funding

• ⭐️ Flying Tulip raises $200M in Seed funding from several investors.

• HeLa Labs raises $2M in funding from several investors.

The Degen Farmer