🪂 Next Airdrop Meta Revealed

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Good Morning!

If you read our edition a few weeks ago where we highlighted potential SOL airdrops, congratulations! Jito Sol has officially announced its airdrop, which could prove lucrative for anyone who participated. With the Solana airdrop season in full swing, airdrop hunters have identified the next trend. 👀 

Let’s jump in!

Markets

The next airdrop meta to farm (3 minute read)
As Solana airdrops gain momentum, airdrop hunters are actively exploring the next potential meta, with CC2 suggesting that interoperability is the emerging trend. Multiple platforms have successfully secured hundreds of millions in venture capital funding, boasting robust products that are still awaiting token releases. These platforms present promising prospects for future airdrops. This list has 5 platforms that you should look into.

Wormhole Secures $225 Million at a $2.5 Billion Valuation (2 minute read)
Wormhole, the platform facilitating communication between blockchain networks, has successfully concluded its latest funding round, securing $225 million at an impressive $2.5 billion valuation.

Expressing gratitude for the support from a diverse group of notable backers, Dan Reecer, the COO of the Wormhole Foundation, emphasized the commitment to delivering crucial infrastructure for Web3. Anticipating the introduction of innovative products in the coming year.

Additionally, the Wormhole Foundation unveiled the launch of Wormhole Labs, transitioning from stealth mode to become a pivotal contributor to Wormhole. As an independent tech company, Wormhole Labs specializes in crafting products, tools, and reference implementations geared towards fostering cross-chain activity and development.

Tech

Replace-by-fee (RBF), explained (4 minute read)
On November 23, a Bitcoin user executed a transaction attracting attention due to an unusually high transaction fee of $3.1 million for transferring 139.42 Bitcoin.

This remarkable fee established a new record as the eighth-highest in Bitcoin's history, surpassing the typical transaction fee by an astounding 119,980 times. The extraordinary cost can be attributed to the Bitcoin network's replace-by-fee (RBF) policy, introduced through BIP 125 and incorporated into the Bitcoin protocol with the release of Bitcoin Core version 0.12.0 in February 2016.

The RBF policy empowers users to replace pending transactions with new ones featuring higher transaction costs, providing flexibility in response to network conditions. So what is RBF?

Why DYDX insiders are unlikely to sell their $490M unlock (3 minute read)
The perpetuals trading platform and layer-1 blockchain, dYdX, is poised for a significant event this Friday as founders, investors, and key project stakeholders gain access to approximately 150 million previously locked DYDX tokens, with a current valuation of around $490 million.

This unlocking event will increase the circulating supply of DYDX by approximately 80%. While conventional wisdom often suggests that token unlocks could be bearish due to a sudden surge in supply against static demand, dYdX's performance has defied this trend. Despite the upcoming unlock, DYDX's price has surged by 30% this month, and open interest has expanded following the transition of dYdX's chain to beta mainnet on November 14.

It's worth noting that native DYDX holders may face challenges in mass selling, given that DYDX is not currently traded on centralized exchanges but is listed on Osmosis, a decentralized exchange within the Cosmos ecosystem.

Misc

Cristiano Ronaldo faces $1bn lawsuit over Binance ads (3 minute read)
Footballer Cristiano Ronaldo is currently embroiled in a class action lawsuit in the United States concerning his endorsement of Binance, the world's largest cryptocurrency exchange. The plaintiffs allege that Ronaldo's promotion of Binance misled them into making investments that resulted in financial losses.

The lawsuit seeks damages surpassing $1 billion. This legal action comes in the aftermath of Binance's announcement in November 2022 regarding its inaugural "CR7" collection of NFTs, a collaboration with Ronaldo. The footballer had previously touted the NFT collection as a means to reward fans for their longstanding support.

Crypto makes strong showing in Forbes '30 Under 30' list of finance leaders (3 minute read)
Despite a decrease in the number of leaders and founders celebrated compared to the previous crypto bull run, Forbes recently released its latest "30 Under 30" list of finance leaders in North America, which still has a high % of Crypto leaders.

Almost half of the slots on the list were occupied by individuals either actively engaged in the crypto industry or having significant ties to it. Topping the list was Ham Serunjogi, co-founder of Chipper Cash, a company catering to over 5 million customers across seven nations who use it for crypto trading and payments.

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