US Probes Bitmain Over National Security Concerns

️ On today's Top Picks:

Crypto News

• ⭐️ US probes Bitmain over national security concerns; investigating if Bitmain mining hardware can be remotely controlled for spying or to sabotage the US power grid; Bitmain denies any remote-control capabilities & says it has no knowledge of the investigation.

• ⭐️ Kalshi raises $1B at a $11B valuation led by Sequoia Capital & CapitalG; Polymarket is also reportedly looking to raise additional funds at a $12B valuation.

• Kaito $KAITO partners with EigenCloud $EIGEN to launch verifiable mindshare markets on Polymarket; EigenCloud ensures AI-generated market signals cannot be tampered with, spoofed, or quietly swapped before Polymarket settles payouts

• Coinbase $COIN launches Ethereum $ETH backed loans powered by Morpho; borrow USDC against your ETH; more loan assets coming soon.

• ⭐️ Solana $SOL teases "Something big is coming" followed by "What is happening?" on X.

• Coinbase $COIN acquires Vector (Tensor Labs), a Solana $SOL based trading platform, for an undisclosed amount; to integrate Vector's technology; Vector desktop & mobile apps to be sunset.

• Kraken launches Kraken Forge, a global engineering hackathon to build tools that power open finance infrastructure; registrations now open.

• Crypto[.]com launches DeFi Yield for US users; stake and/or lend assets via popular defi protocols from the Crypto[.]com website or Crypto[.]com app.

Alpha

• ⭐️ Monad $MON to launch mainnet on November 24th; MON public sale to end on November 22nd; offering 7.5B MON (7.5% of total supply) at $0.025 ($2.5B valuation) per MON.

• MegaETH $MEGA public sale settles; users can now see their final allocations; refunds & sybil hunt ongoing.

• MegaETH $MEGA to launch Pre-Deposit campaign on November 25th; registered Sonar users for the MEGA public sale are eligible to participate; pre-depositors to be considered for upcoming Rewards campaign.

• OpenEden $EDEN launches boosted rewards for Pendle cUSDO pool from November 20th to November 24th; 80K EDEN in total rewards (20K EDEN daily).

• Infinex $INX to launch Craterun on December 1st; to distribute 10% of INX supply via INX vouchers, cash prizes, & other prizes; earn crates by trading on Infinex Perps, importing wallets with historical perps activity, & more.

• Abstract $ABS launches ARTMS Superfan Flash Badge; mint the ARTMS time-limited edition photocard to earn the badge.

• Rainbow $RNBW launches Rainbow Mogs collectible app icon; also launches support for World Chain $WLD & Scroll $SCR networks; to launch RNBW soon.

• Blockscout launches Cappy’s Chain Exploration campaign on Superboard; complete quests to earn merits & enter a cash prize raffle.

Airdrops

• BOB $BOB launches BOB airdrop claim; BOB Spice (points) holders are eligible.

• GAIB launches $GAIB airdrop claim; AID Alpha Spice holders, Fremen Essence NFT holders, & more are eligible.

• TEN $TEN launches TEN airdrop registration; wTENX holders & more are eligible; registration closes on November 20th.

• Espresso $ESP announces more paths to ESP airdrop eligibility; Rarible $RARI top users, RARI top stakers, & Espresso Brew House Demo Day POAP holders to be eligible.

• ICYMI deBridge launches $DBR Season 2 airdrop claim; deBridge Season 2 points holders are eligible; claim closes on December 19th.

Finance News

• US Senate Agriculture Committee votes to move forward with CFTC chair pick Michael Selig; to now head to the full Senate for the next vote.

• US Labor Department cancels October CPI inflation report; also canceled October jobs report; cancellations due to recent government shutdown.

• US added 119K jobs in September, higher than expectations (53K); unemployment rate increased to 4.4% in September, up from 4.3% in August.

• Metaplanet $3350.T to raise ¥21.25B (~$135M) via MERCURY preferred share issuance; to use ~$95M to buy more Bitcoin $BTC; currently holds 30,823 BTC (~$2.5B).

• BitMine $BMNR reports FY 2025 earnings; reports net income of $328M, GAAP EPS of $13.39 per share, & more; currently holds 3,559,879 ETH (~$9.8B).

• FG Nexus $FGNX sells 10,922 Ethereum $ETH (~$30M) for share buybacks; recently announced a $200M share buyback program; now holds 40,005 ETH (~$109M) & $37M USDC.

Security and Exploits

• ⭐️ Quarkslab completes Bitcoin $BTC Core security audit; identified 2 low-severity findings & 13 informational recommendations.

• Coinbase's $COIN acquisition of Tensor Lab's Vector shows potential insider trading; TNSR pumped ~700% leading up to the acquisition announcement.

• Nillion $NIL alleges a market maker sold NIL tokens without legal authorization; has since begun buying back the tokens that were sold; to pursue legal action.

• aPriori $APR denies any insider involvement in its recent airdrop; aPriori distributed 60% of the APR airdrop to one entity.

• Aerodrome $AERO frontend compromised; team is investigating.

• CrowdStrike $CRWD discovers an insider who shared screenshots of internal systems with hackers; CrowdStrike claims systems or customer data were never compromised.

• X launches account country labels; shows where users are based; though users can choose to show Region/Continent instead.

• Mozilla to shut down Monitor Plus, its data broker scanning and removal service, on December 17th; to refocus resources on other privacy & security initiatives.

Token Unlocks

• LayerZero $ZRO / ~$36M / NOV 20th
• Kaito $KAITO / ~$7M / NOV 20th
• SOON $SOON / ~$11M / NOV 23rd
• Humanity $H / ~$7M / NOV 25th
• Plasma $XPL / ~$18M / NOV 25th
Sourced from Tokenomist

Funding

• Numerai $NMR raises $30M at a $500M valuation in Series C funding from several investors.

• RateX raises $7M in Strategic funding from several investors.

• HelloTrade raises $4.60M in Seed funding led by Dragonfly.

• Nad[.]fun raises $1.1M in funding from several investors.

• Parfin raises an undisclosed amount in funding from Tether.

• Zengo raises an undisclosed amount in Strategic funding from MoonPay.

The Degen Farmer