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12/1/23: StarkDrop Confirmed 💧🪙🙅‍♂️

12/1/23: StarkDrop Confirmed 💧🪙🙅‍♂️

Valko
December 01, 2023

Top News

💧 Starknet Foundation confirms airdrop plans after screenshots leak
🪙 Coinbase has no plans to launch Base token: CEO Brian Armstrong
🙅‍♂️ Circle denies allegations of funding terrorism and ties to TRON

Starknet Foundation confirms screenshots showing draft airdrop plans, says snapshot already taken

Starknet Foundation clarified a draft airdrop plan is still under development and will be shared when details are finalized.

⌐◪-◪ → Crypto Twitter has long speculated over a Starknet airdrop, and it looks like they were right. After somebody leaked two screenshots of Starknet’s website, the Starknet Foundation confirmed that 1) an airdrop is happening and 2) the snapshot was already taken. While this is definitely exciting news, it’s also the perfect breeding ground for scams - be careful.

Coinbase Has No Plans to Launch Base Token: CEO Brian Armstrong - Decrypt

The Coinbase CEO told Decrypt that the exchange has no plans to launch a token for its layer-2 network Base.

⌐◪-◪ → During an exclusive interview with Decrypt, Coinbase’s CEO confirmed that, “we’re not planning any token for Base”. While this might be a bummer to some, I find it rather refreshing—we don’t need a token for everything. What’s confusing, however, is that the CEO’s statement contradicts a previous one from Coinbase’s CLO. As for Base’s traction, their Total Value Locked (TVL) is currently $300M, which is less than half of Blast’s $650M.

Circle Denies Links to Terrorist Financing and Justin Sun

Circle does not facilitate, directly or indirectly, or finance Hamas (or any other illicit actors). Nor does Circle bank Justin Sun.”

⌐◪-◪ → I wouldn’t want to be Justin Sun right now. After his project (HECO & Poloniex) were hacked for over $200M, he’s become the primary subject of a 13-page letter from Circle to Senator Elizabeth Warren regarding TRON’s ties to terrorist financing. Circle has already terminated Justin Sun's accounts, which is a friendly reminder that most stablecoins aren’t actually decentralized. To be clear, I’m not defending Justin Sun—he’s suspicious—I’m defending decentralization.

Peripheral Vision

⛓️ Crypto & DeFi

KuCoin Ventures to provide $20k grant to TON Ecosystem
Bastion, web3 startup, names former a16z Chief of Staff as COO
$343M was lost to crypto hacks and fraud cases this November
Bitcoin open interest held by managers hits all-time-high
Forkast lays off majority of editorial staff amid merger with CryptoSlam
Reddit officially renounces “Moons” contract & burns 98k tokens
Blast looks to hire after hitting $650M total value locked
Obligate deploys on Base, wants to boost institutional blockchain use
Binance’s “VIP” traders were forewarned of $4B settlement

🏦 Wallstreet & VC

Grove raises $7.9M for decentralized physical infrastructure
JPMorgan says its signs of crypto revival are “only tentative”
ARK Invest offloads another $4.7M worth of Coinbase Shares
Tiger Global cuts Yuga Labs’ valuation by 69% & OpenSea by 94%
Ric Edelman says financial advisors are waiting for spot Bitcoin ETF

🏛️ Legal & Regulatory

US lawmakers delay approval of new crypto legislation until 2024
Terraform Labs + Do Kwon may be hit with a class-action lawsuit
Rep. Tom Emmer blasts Treasury for demanding more crypto control
SEC confirms it met with Grayscale for the 2nd time on ETF conversion

🌎 Rest of the World

UK cracks down on unpaid crypto taxes with notice
Brazil to impose a 15% tax on crypto earnings held offshore
Swiss crypto bank SEBA rebrands to AMINA

🖼️ NFTs & Metaverse

Rari Foundation uses Aribtrum Orbit to create new layer 3 chain
Candy Digital onboards thousands of baseball lovers into web3
BAYC “Supergroup” launches interactive world on Roblox
MUNGER meme coin crashes to $0 after 31,000% pump
FlamingoDAO sweeps $1M of different NFTS over the last hour
BAYC artist raises $1.2M in new Perils of Sēsē mint