Tempo Launches Public Testnet

️ On today's Top Picks:

Crypto News

• ⭐️ Tempo, a Layer 1 blockchain incubated by Stripe & Paradigm, launches its public testnet; Tempo recently raised $500M in Series A funding led by Greenoaks Capital & Thrive Capital.

• Stripe acquires Valora wallet team; terms of the deal were not disclosed; Valora app to continue to live on & returns to cLabs, which will steward its future development.

• US CFTC announces CEO Innovation Council participants: Shayne Coplan (Polymarket), Craig Donohue (Cboe), Terry Duffy (CME), Tom Farley (Bullish), Adena Friedman (Nasdaq), Luke Hoersten (Bitnomial), Tarek Mansour (Kalshi), Kris Marszalek (Crypto[.]com), David Schwimmer (LSEG), Arjun Sethi (Kraken), Jeff Sprecher (ICE), & Tyler Winklevoss (Gemini).

• Japan FSA proposes shifting crypto regulation from the Payment Services Act (PSA) to the Financial Instruments and Exchange Act (FIEA); the move would strengthen disclosures, regulate IEOs, & target unregistered platforms.

• Sei $SEI partners with Xiaomi to preinstall its crypto wallet and discovery app on Xiaomi smartphones sold outside of China & the US; also announces a $5M Global Mobile Innovation Program.

• Paxful pleads guilty for enabling money laundering & criminal activity; to pay $7.5M in penalties; Paxful co-founder Artur Schaback pleaded guilty in July 2024 for similar charges.

Alpha

• HyENA, a perps exchange by Ethena $ENA, launches on Hyperliquid $HYPE; HyEna points program is also live; access is invite-only, use code ‘olimpio’ to join.

• Nansen launches in-app trading; beta access is live for Pro users with access for free users coming soon; Nansen points (NXP) season 2 is ongoing.

• Daylight to launch Pre-Deposit Vault on December 16th; deposits to be initially capped at $50M & locked for 2 months; earn GRID Games points & more.

• Legend removes waitlist & is now publicly available; Legend raised $15M in Seed funding led by a16z Crypto earlier this year.

• Re launches new reUSD pool on Pendle; earn 30x Re Points & 5x Sats; pool ends (matures) in June 2026; existing pool participants (matures on December 18th) can migrate to the new one.

• Megapot to launch its V2 app soon; says it’s “been quietly growing the team and building”; also announces V2 has been audited by Zellic & Code4rena.

• ⭐️ Fogo $FOGO to launch public token sale on December 17th; offering 2% of total token supply for $0.1 ($1B FDV).

• ⭐️ Rainbow $RNBW to launch public token sale on December 11th via CoinList; offering 3% of total token supply for $0.1 ($100M FDV).

• ⭐️ Gensyn $AI to launch public token sale on December 15th via Sonar; offering 3% (+2% bonus) of total token supply from $0.0001 ($1M FDV) up to $0.1 ($1B FDV).

Airdrops

• ⭐️ Fogo $FOGO allocates 6.6% of total token supply for airdrop at TGE; early community members to be eligible; to launch TGE & airdrop soon.

• ⭐️ Rainbow $RNBW allocates 15% of total token supply for airdrop at TGE; Rainbow points holders to be eligible; to launch TGE & airdrop in Q4.

• Socket posts “▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓░░░░░ 76.67%” on X; to potentially launch mainnet, TGE, and/or airdrop soon.

• Theoriq $THQ launches airdrop registration; testnet users, community members, & more are eligible; registration closes on December 14th.

• ICYMI ethOS launches Token Claim app & Epoch 1 claim; dGEN1 holders are eligible; to launch Epoch 2 claim on March 1st, 2026.

Finance News

• ⭐️ US Federal Reserve cuts interest rates by 25 basis points; to begin buying US Treasury Bills on December 12th, $40B worth in 30 days.

• PNC Bank $PNC partners with Coinbase $COIN to offer Bitcoin $BTC trading for clients; powered by Coinbase’s crypto-as-a-Service platform.

• Strategy $MSTR asks MSCI to revoke its proposal to exclude digital asset treasuries (DATs) from MSCI’s Global Investable Market Indexes; calls for index standards to be neutral, consistent, & reflective of global market evolution.

• Twenty One Capital $XXI begins trading on the NYSE; currently holds 43,514 Bitcoin $BTC (~$4B).

• Strive $ASST to raise $500M via ATM offering; to use proceeds to buy more Bitcoin $BTC; currently holds 7,525 BTC (~$693M).

• Elon Musk confirms rumors that SpaceX is going public; SpaceX has been moving around ~$100M of Bitcoin $BTC every week for the past ~two months; currently holds 8,285 BTC (~$761M).

• Silver $XAG reaches new all-time high of ~$60; up ~108% in 2025.

Security and Exploits

• ⭐️ Microsoft releases Windows 11 December 2025 security update; patches 57 vulnerabilities, including 1 being actively exploited in the wild.

• Binance $BNB co-CEO Yi He's WeChat account was hacked to promote a memecoin; Yi He has since recovered her WeChat account; to also airdrop BNB to users who lost money.

• Justin Sun says “I plan to form a small team with Yi He to truly investigate the behind-the-scenes culprits…” on X; Yi He, Binance co-CEO, had her WeChat account hacked to promote a memecoin.

• Bubblemaps $BMT launches Time Nodes; detect snipers, bots, & insiders based on timing analysis; live across all chains and iframes.

• @samczsun publishes “Higher Bug Bounties Won’t Stop Hacks”**;** highlights that increasing bug bounty payouts is passive & inefficient, and that the industry should instead adopt annual re-audits.

• Kerberus releases “The State of Wallet Safety on Solana in 2025” report; highlights that automated real-time protection is essential to prevent human errors.

• Upbit to reduce hot wallet ratio to ~0% following recent ~$30M hack; currently uses 98% cold wallet ratio, higher than South Korea’s regulatory requirement of 80% cold storage.

Token Unlocks

• Linea $LINEA / ~$11M / DEC 10th
• Aptos $APT / ~$20M / DEC 11th
• Starknet $STRK / ~$14M / DEC 15th
• Sei $SEI / ~$8M / DEC 15th
• Arbitrum $ARB / ~$20M / DEC 16th
Sourced from Tokenomist

Funding

• Real raises $29M in funding led by Nimbus Capital.

• MetaComp raises $22M in Pre-Series A funding from several investors.

• Cascade raises $15M in funding from several investors.

• Surf raises $15M in funding led by Pantera Capital.

• Ezeebit raises R34.9M ($2.05M) in Seed funding led by The Raba Partnership.

• Pheasant Network raises $2M in Seed funding led by mint.

• Goblin raises $1M in Strategic funding led by OKX Ventures, Gate Ventures, & BlockBooster.

• Sport[.]fun raises an undisclosed amount in funding from Base Ecosystem Fund.

The Degen Farmer