Tether Denies US Investigation

️ On today's Top Picks:

Crypto News

• ⭐️ Tether denies WSJ report claiming that the company is being investigated by the US government.

• ⭐️ Microsoft considers investing in Bitcoin; to vote on proposal during next shareholder meeting on December 10th.

• Base to launch Fault Proofs on Base Mainnet on October 30th.

• ⭐️ Kraken to launch ink, an Ethereum L2 powered by the OP Stack.

• Arkham $ARKM launches support for on-chain data on Solana.

• Binance to face prosecution in Nigeria following dropped charges against Binance Executive Tigran Gambaryan.

• GnosisDAO $GNO to launch GnosisVC, a $40m venture fund targeting RWAs, infrastructure, & payments.

• Nova Labs, Helium $HNT Mobile's parent company; laid off 36$ of the company in August.

• GSR Co-CEO Rich Rosenblum & CTO John MacDonald to leave firm.

• Portofino Technologies sees staff exodus following co-founder & CFO firing.

Alpha

• Infinex distributes Patron NFTs; vesting for locked Patrons has started & unlocked Patrons will be available on October 28th.

• Reddio launches Card System Phase 2; combine cards of the same rarity to unlock mystery rewards.

• Jumper launches Multi-Chain Portfolio View, an all-in-one dashboard to view all tokens across multiple chains.

• Stani posts Lens roadmap for the next 6 months; consists of low-cost social transactions, new smart contract-based social primitives, & more.

• DeBank launches Scroll $SCR Airdrop Hunter Web3 Badge.

• Reown (previously WalletConnect) launches Mission #4 on Guild.

• List of the upcoming TGEs, primary listings, product releases by ICO Analytics.

Airdrops

• Weekly Airdrop Recap by Earndrop.

• Corn Airdrop Strategy by Earndrop.

• Usual introduces $USUAL; claims to redefine tokenomics with disinflationary issuance, community-focused distribution, & more.

• ⭐️ Grass to launch $GRASS Airdrop One on October 28th.

• Magic Eden to test launch $TestME Airdrop on October 29th; Magic Eden Mobile Wallet app required to claim.

• Rage Trade launches $RAGE Airdrop eligibility & allocation checker.

• Kroma releases $KRO Season 1 Airdrop eligibilty details; to launch October 30th.

• DeFund announces Celstia $TIA stakers will be eligible for DeFund $D airdrop.

Finance News

• Terawulf $WULF to raise $425m in convertible notes; to use $115m to buy back shares.

• Indonesia begins the process of becoming BRICS member.

• HSBC's Hong Kong unit joins China's Cross-Border Payment System in a push to internationalize the yuan.

• Swiss Bankers Association criticizes government plans for tougher capital requirements on Switzerland's big banks.

• Santander Bank to have full-service digital bank in the US by the end of 2025.

• Nvidia $NVDA offsets all 128 of the S&P 500 companies that have declined this year.

• European Court of Justice upholds General Court’s decision to cancel a ~$1b fine imposed on Intel $INTC.

• LinkedIn fined $335m in Europe over its use of targeted advertising.

Security and Exploits

• US Government controlled wallet was drained for ~$20m though the funds have since been returned.

• Lazarus Group exploited Google Chrome zero-day vulnerability to target cryptocurrency sector.

• ⭐️ Rabby mobile wallet goes fully open-source; completed security audits conducted by Cure53, Least Authority, & SlowMist.

• Revoke[.]cash adds support for World Chain.

• Apple opens source code for security researchers to inspect and verify privacy & security guarantees.

• 250k Internal Microsoft email addresses & detailed personal information were accessible via unsecured Microsoft ServiceNow instance.

Token Unlocks

• Cardano $ADA / ~$7m / OCT 22nd
• Galxe $GAL / ~$1m / OCT 22nd
• EigenLayer $EIGEN / ~$4m / OCT 22nd
• Ethena $ENA / ~$5m / OCT 23rd
• Cardano $ADA / ~$6m / OCT 27th
• Yield Guild Games $YGG / ~$7m / OCT 27th
• EigenLayer $EIGEN / ~$4m / OCT 29th
Sourced from Tokenomist

Funding

• Bluesky raises $15m in Series A funding led by Blockchain Capital.

• Party Icons raises $9m in Private funding led by BITKRAFT Ventures.

• STOKR raises $7.98m in funding led by Fulgur Ventures.

• Shuttle Labs raises $6m in funding led by CMCC Global.

• Hana Network raises $4m in funding.

• Moonwalk Fitness raises $3.4m in Seed funding led by Hack VC.

• Borderless raises $3m in Pre-Seed funding led by Amity Ventures.

• Craftt raises $2m in Seed funding led by Superscrypt.

• Sparkball raises $2m in funding led by L1 Digital.

• BulbaSwap raises $1.3m in Seed funding led by Foresight Ventures.

• Skyfire raises $1m in Strategic funding from Coinbase Ventures & a16z Crypto Startup Accelerator.

• BlueMove raises an undisclosed amount in funding led by Victus Capital.

The Degen Farmer