Crypto Canary: Your Daily Crypto Rundown 🚀

November 08, 2024

🟢 Alpha Offerings

  • Safe: Earn $700-$1200 by creating a new Safe and verifying the setup. Get in here

  • Termina via Galxe: Answer questions (B, A, B, A, A) to earn $500-$600 in Termina points 🤑. Get in here

⚖️ Hall of Fame / Hall of Shame

  • Hall of Shame: Two convicted in £1.5M UK crypto fraud case 💀. Read more here

  • Hall of Shame: Crypto CEO kidnapped in Toronto; $1M ransom paid for release 🛡️. Read more here

📊 What Moved in the Crypto World Today

  • China’s central bank reveals physical CBDC card with dynamic QR codes. Read more here

  • Trump is considering Robinhood’s Dan Gallagher as SEC Head Gary Gensler’s replacement. Read more here

  • Detroit to accept crypto payments for taxes and city fees. Read more here

🔧 Project Updates

  • Eclipse launches the public mainnet of the first SVM Layer 2 on Ethereum. Read more here

  • Spark launches on-chain order book for Ethereum. Read more here

  • PayPal-backed Magic Labs and Polygon launch a cross-chain network. Read more here

💼 Funding Announcements

  • Cytonic raises $8.3M in Seed funding led by Lattice Fund, Lemniscap, and others. Read more here

  • Usual Labs raises $1.5M from Echo, Comfy Capital, and Jed Breed for stablecoin RWA solutions. Read more here

  • Bion receives funding from TON Ventures for Web3 shopping and rewards platform. Read more here

🐋 Whale Movements

  • Pendle Finance’s Governance Multisig 0x811 deposited 600K PENDLE ($3.31M) to Binance 🐳. Txn details here

  • Tether Treasury injected 460M USDT into exchanges on Ethereum. More details here

🔓 Token Unlocks

  • Hypercycle (HYPC): $10.64M

  • XAI (XAI): $7.78M

🎙️ Coinversation Street

  • @wassielawyer thread on web3 project foundations 🔥. Check it out here

  • @cobie discusses insights on memecoins 🧐. Check it out here

📅 Upcoming Events

  • Policy Summit 2024: Dec 16-17, Washington DC, US. Buy tickets here

  • Web3Hub Davos 2025: Jan 20-24, Davos, Switzerland. Buy tickets here