A Juicy Airdrop With Not Much Effort 🎈
In today’s edition: 📅 Ethereum’s Dencun in 2024,🚨 CZ’s US stay extended, 📈 LayerZero’s token plan, ⚖️ US extradition for Kwon, and more!
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What’s Poppin’?
by James Rubin, Sage Young and Samyuktha Sriram
Jito, Solana-Based Liquid Staking Protocol, Airdrops Governance Token
The freshly debuted token has a market cap of $242 million, and enables token holders to vote on proposals on staking pool fees, treasury management and contributions for ongoing development. Eligible addresses were receiving a minimum of about $9,000 in JTO at one point Thursday.
Ethereum Devs Aim to Activate Dencun in January 2024
Ethereum developers agreed to set a Goerli fork date to activate Dencun in January 2024, if things keep going as planned.
Former Binance CEO CZ Ordered to Remain in the US Until February Sentencing
A District Judge has granted the government’s motion to keep former Binance CEO Chanpeng Zhao in the U.S. until his sentencing date next year.
Blockchain Infrastructure Provider LayerZero Labs Will Have Token in 2024
LayerZero Labs will have a token in the first half of 2024, the provider of blockchain infrastructure said in a Thursday post on X.
Montenegro Intends to Extradite Do Kwon to the U.S.: WSJ
The fallen founder of Terraform Labs faces multiple criminal charges in the U.S.
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The likely impending approval of spot bitcoin ETFs has already sparked a major rally in the price of bitcoin and other cryptocurrencies, but will the bull run continue once the funds are up and running? On this episode of Unchained, the founder and CEO of Global Macro Investor, Raoul Pal, describes why a spot bitcoin ETF is such a significant development, likening it to a free trade agreement with the traditional financial world. He also discusses what effect a spot Ether ETF is likely to have on Ether prices, the relative merits of Ether vs. Solana, the usefulness of BRC-20 tokens and why 2024 is likely to be a very good year for crypto and the economy as a whole.
Listen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Pandora, Google Podcasts, Amazon Music, or on your favorite podcast platform. Watch on YouTube here.
Daily Bits…✍️✍️✍️
🏦 The Basel Committee announced plans to consult on revising stablecoin criteria, following increased scrutiny of banks' crypto exposure and recent bank collapses.
🔍 Blocknative released a new Ethereum mempool explorer, ethernow.xyz, to aid in MEV protection and provide insights into the Ethereum block building process.
📜 The U.S. Congress's final National Defense Authorization Act excluded crypto and blockchain provisions, delaying related legislation to the next year.
⚠️ The Bank of England warned that asset tokenization on blockchains could increase systemic financial risks, despite growing interest from banks.
🌐 Over 11 million LINK tokens were staked within the first 30 minutes as Chainlink staking v0.2 early access went live, following an expanded pool size of 45 million LINK.
🚧 The TON blockchain experienced severe congestion, slowing down to 1 transaction per second, due to a surge in activity from a Bitcoin Ordinals-inspired protocol.
🚫 Binance withdrew its application to manage an investment fund in Abu Dhabi, stating the application was no longer necessary for their global licensing needs.
Today in Crypto Adoption...
💼 Jack Dorsey's Block introduced the Bitkey Bitcoin wallet, a self-custody solution with an app and hardware device, now available in over 95 countries.
The $$$ Corner…
🚀 Meanwhile Group, backed by Sam Altman, launched a bitcoin private credit fund with a target to raise $100 million, offering institutional investors a 5% bitcoin-denominated yield.
💰 Bitcoin staking protocol Babylon secured $18 million in a Series A round, with plans to launch around the next Bitcoin halving.
💵 Zero-knowledge platform Sindri closed a $5 million seed round led by CoinFund, aiming to expand its team and zero-knowledge-based developer stack.
What Do You Meme?
Recommended Reads
Unchained: 9 Top Crypto Trends to Watch for in 2024, According to a16z
@DoveyWan on intents
DL News: How a mysterious crypto exchange used an insider trading scam to swipe $3m from wealthy victims
📈 Your Market Update 📉
BTC is up 1.1%, trading at $43,722
ETH is up 6%, trading at $2,371
BTC dominance: 50.28%
Crypto market cap: $1.7T
*All data as of today, 06:52 am ET
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