The week of 12/18 in brief. The news concerning Bitcoin and cryptocurrencies is constantly in flux. It can happen that vital information gets lost in the daily flow of information and that you miss important points. This format is here to remedy that. We return to the news from last week in‘Weekly Crypto in order to keep you informed on the current situation of cryptocurrencies.
The unmissable local
Since the end of November, several major airdrops have been carried out on Solana. So, in turn Pyth Network, Jito and Jupiter have distributed several million dollars to their users. As part of Jito, some users got up to $15,000 airdrop. Amounts that do not leave you indifferent. This is why we have put together a series of guides to help you position yourself on potential upcoming airdrops.
We start with MarginFia platform for lending/borrowing on Solana. For now MarginFi does not have its own token and it has implemented a point system, a mechanism frequently used to quantify future airdrops. This may be an opportune time to position yourself on the protocol.
Then we farmed on the protocol Kamino Finance. It is also a lending/borrowing platform on Solana. Kamino also does not have its own token and has announced that a point system would soon appear. Once again, an ideal platform to deposit crypto to expose yourself to a potential airdrop.
Finally, we finished the week on protocol Drift. Unlike the two previous protocols, Drift is an all-in-one DeFi platform. This offers both a DEX, a spot and perpetual trading platform as well as liquidity pools. Once again, this one does not have any tokens so we are positioning ourselves in anticipation of a potential airdrop.
Crypto news in brief
▶ Tether, the issuer of the stablecoin USDT integrates the FBI and the secret services. According to documents revealed this week, Tether plans to work with these services in the fight against money laundering.
▶ An agreement reached between FTX US and FTX Bahamas. This agreement concerns a new solution for recovering customer funds, regardless of their geographic location.
▶ Appeals court rejects extradition request in trial of Terra Luna founder Do Kwon. Although South Korea’s extradition request may still stand, that of the United States appears unlikely to succeed.
▶ Giant Coinbase obtains PSAN registration in France. As a reminder, this registration is necessary to operate legally in the country.
▶ Hundreds of NFTs stolen following NFT Trader hack. Thus, the protocol’s old contracts were the target of an attack. For his part, the attacker is now trying to extract a ransom from injured users in exchange for the return of the NFTs.
▶ Hard blow for FTX users, the platform revealed that the amounts reimbursed would be based on the value of the cryptos on November 11, 2022the day of its collapse.
▶ A BTC worth 1 million dollars? An idea perhaps not as crazy as it seems.
The 5 metrics of the week
➤ $16.7 millionit’s about amount in AVAX that was destroyed on the Avalanche network this week. Thus, the recent increase in activity has led to a massive destruction of tokens via the mechanism similar to EIP 1559.
➤ 1.2 millionit’s the number of active wallets on the Solana network. Indeed, Solana is the subject of a massive resurgence of interest, driven by the recent distribution of airdrops on the blockchain.
➤ $600,000it’s about amount expected to be reimbursed by Ledger after last week’s security incidentth last. This caused a loss of $600,000, after the introduction of malware when connecting a Ledger to a DeFi application.
➤ 30 million BONKIt is the airdrop promised to owners of the Solana Saga phone. Faced with the rise of memecoin, Internet users jumped on the phone. So much so that it is now out of stock and sells for several times its price on the secondary market.
➤ 1h30it’s about time the Arbitrum Sequencer was offline. This was a victim of the craze surrounding Registrations on Arbitrum, leading to a massive influx of transactions on the network.
Happy end of year holidays on the Journal du Coin! 🙂