ExchangeDEX+
Buy CryptoMarketsSpotFuturesGOLDEarnEvent Center
More
Commodity Zero-Fee Gala

Airdrop

An Airdrop is a distribution of free tokens to a community, typically used as a marketing tool or a reward for early protocol adopters and testers. In 2026, the "points-to-airdrop" model has matured into merit-based incentive programs that utilize Sybil-resistance and Proof-of-Humanity to filter out bots. Airdrops remain a primary method for decentralized governance (DAO) bootstrapping. Follow this tag for the latest on retroactive rewards, eligibility criteria, and how to participate in the most anticipated token distributions in the ecosystem.

5493 Articles
Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
Monad airdrop "flips the table," testnet exploitation is dead.

Monad airdrop "flips the table," testnet exploitation is dead.

Author: Hu Tao, ChainCatcher Yesterday, the highly anticipated Layer 1 public chain Monad token MON was officially launched. It briefly fell below the cost price for public offering users, and its FDV is currently hovering in the range of $3-3.5 billion. This is not only lower than the mainstream market capitalization prediction of $8 billion on Polymarket, but also far lower than the valuation of $15 billion in the earliest Pre-TGE market. This is not only a heavy blow to the Layer 1 narrative, but also a tragic milestone for the "plucking" group. Previously, Monad, valued at $3 billion, became the highest-valued unissued Layer 1 cryptocurrency on the market, and was highly anticipated by airdrop hunters. Its testnet had accumulated over 300 million interactive addresses, and many studios were using millions of addresses to register Monad addresses. At the end of October, Monad officially opened airdrop queries, but unexpectedly excluded all testnet interactive addresses from the airdrop. The logic of those who exploit this loophole is that "sunshine distribution" is a common practice among many projects, and as long as they maintain a high frequency of interaction, they may be able to obtain token rewards ranging from a few dollars to tens of dollars, and the accumulated value of tokens from multiple addresses is still considerable. However, Monad's official team did not do what the massive group of loophole exploiters hoped for by excluding all testnet addresses from the airdrop. "All the addresses that interacted with the testnet were reverse-engineered, and participating in various NFTs was basically useless. The only ones who received Monad airdrops were some old addresses that had never interacted with Monads but had traded on Hyperliquid," Adu (pseudonym), the head of a Hangzhou-based arbitrage studio, told ChainCatcher. Monad quickly became the target of fierce criticism from many users who wanted to exploit freebies, but Modad officials remained unmoved. According to well-known KOL Feng Mi, the idea behind Monad's airdrop was to bind people with contributions, status, and potential to Monad, focusing on their identity and contributions, such as Monad ecosystem developers, heavy DeFi users, and high-quality NFT holders. The well-known alpha blogger Spark received 3 million Monad tokens in this airdrop, currently worth approximately $110,000. This wasn't due to his activity logs, but rather because he served as a modder for the Monad community for three years and established the Monad Chinese community. This was considered a substantial contribution by the Monad team, making it a key target for most project airdrops. For project teams, airdrops are significant in two ways: firstly, they reward long-term supporters, demonstrating their commitment to the community; secondly, they reward active participants and influencers in the surrounding ecosystem, attracting them to their own ecosystem through airdrop rewards. From Uniswap in its early days to thousands of projects such as Gitcoin, Arbitrum, Scroll, Berachain, and Aster, airdrops have become an essential way for project teams to attract users. During this period, the standards for airdrops have been constantly forking and evolving. Some projects emphasize a equitable approach, being quite generous to those who participate in the interaction and exploit the airdrops. Other projects, however, have established strict rules for interaction on the testnet/mainnet, implementing rigorous witch screening based on a points system. This time, Monad has completely abandoned testnet interaction users, or rather, retail users. “If retail investors are neglected for a long time, the network will become too elitist in its early stages, losing a broad community base. Bitcoin, Ethereum, Solana, and BSC all relied on a group of seemingly insignificant small retail investors in their early days; they brought network effects and community vitality,” Feng Mi said on X. He believes that Monad should provide grassroots retail investors with a space to grow gradually, even if only a little, so that more people can truly become part of the MON network community. Zhui Feng believes that those who exploit loopholes not only contribute transaction fees, data, and traffic to the project, but also serve a significant promotional purpose. He thinks these individuals deserve some incentive. "Monad's actions were extremely ill-considered, shaking the very foundation of trust in the industry," IceFrog also tweeted. However, from the perspective of the project team, they need to formulate the airdrop strategy based on the long-term development needs of the project. "Airdrop hunters have no loyalty. They will sell the airdrops as soon as they receive them and then run to the next project to collect airdrops. For the project, this only creates selling pressure and has no long-term benefits. Is it necessary to send airdrops to them in this situation?" An anonymous KOL described airdrop hunters as "parasites" in the crypto ecosystem. The author, "Master Tu'ao," also believes that the industry's airdrop logic is changing. "Previously, when CEXs assessed a project's fundamentals, they focused heavily on the activity level of on-chain data and active user metrics. Projects needed popularity during their initial launch. So for a long time, project teams tacitly approved of, and even reached an agreement with, the 'you come here to collect 'freebies' to help me get listed on major exchanges, and I'll airdrop some to you in return; we'd all share the profits. But now, CEX listings no longer look at on-chain data and users, because everyone knows these figures are heavily inflated," Master Tu'ao tweeted. The logic of business is ruthless. With the on-chain data bubble becoming increasingly severe and the selling pressure from airdrop hunters negatively impacting the price trends of many projects, Monad's choice has its rationale. However, this is destined not to be the choice of most projects. As a public chain project heavily invested in by capital, Monad still has many cards to play. Its technical strength and the potential explosive power of its ecosystem applications could bring it a large number of community users. But for most projects, they are essentially marketing projects and must rely on airdrops to gain attention and market popularity. In the long run, airdrops remain a significant source of value for the crypto industry, but the logic and targets of airdrops are undergoing profound changes. "The Monad airdrop results essentially signal the collapse of the 'black market' logic for exploiting cryptocurrencies on the testnet; it's highly likely that no one will be farming on the testnet anymore in the future," said the "Master Brother from Australia." In fact, many KOLs had anticipated Monad's "table-flipping" move. KOLs like Tu'ao Master, Icefrog, and Chasing Wind had already openly stated they wouldn't participate in Monad interactions. It's understood that top KOLs will focus more on more diverse markets such as "talking and arbitrage," while also concentrating on selecting high-quality projects like Polymarket to build premium accounts. Furthermore, several studios interviewed indicated that their revenue was lower than last year and also below expectations. "The key is to find an area where you have an advantage, such as low labor costs, advanced technology, keen investment research to discover early-stage projects, or influential KOLs to talk to. It's quite difficult to obtain substantial profits by simply following the crowd and trying to make money," A-Du said. With the market capitalization of leading projects like Monad falling significantly below market expectations, and many projects locking up airdropped tokens for extended periods after TGE, the status of "freebie hunters" in the project's profit-sharing ecosystem has declined further, and the value of their acquired tokens has continued to shrink. The logic of winning through sheer volume of freebies is no longer sustainable. "So, the golden age for novice retail investors to profit by providing labor to enter the primary market at low prices is indeed over. The door had actually been closing for a long time, and Monad's airdrop was just closing the last crack," sighed the senior member from Australia.

Author: PANews

2025/11/26

Cardano Midnight Launch: 34 Million Wallets Eligible and NIGHT Token Release on Dec 8

Cardano Midnight Launch: 34 Million Wallets Eligible and NIGHT Token Release on Dec 8

Midnight is emerging as one of Cardano’s most important launches, and the scale of early participation shows how strongly the community has responded to its arrival. More than 34 million wallets across Bitcoin, Ethereum, Solana, XRP, BNB Chain, Avalanche, Brave, and Cardano qualified for the Midnight Glacier Drop. According to the blog post from TapTools, […]

Author: Tronweekly

2025/11/26

Monad warns of spoofed token transfers after mainnet debut

Monad warns of spoofed token transfers after mainnet debut

The post Monad warns of spoofed token transfers after mainnet debut appeared on BitcoinEthereumNews.com. Monad’s first week on mainnet hasn’t been entirely smooth, with users now reporting spoofed ERC-20 token transfers after mainnet launch. Summary Monad users reported spoofed ERC-20 transfers shortly after MON debut. The fake transfers don’t move funds but are crafted to look legitimate, a common scam tactic on new EVM chains. No assets have been reported lost, and the network continues to see strong demand following MON airdrop. Reports regarding widespread spoofing incidents began circulating on Tuesday, Nov. 25, a day after the mainnet debut. Monad co-founder and chief technology officer James Hunsaker warned on X that scammers were broadcasting fabricated ERC-20 transfers that appeared to come from his wallet. Fake transfers surface within 48 hours of launch Spoofing refers to fake on-chain events that appear real on explorers and wallets but involve no actual movement of funds. Hunsaker shared examples showing transactions that weren’t initiated by him. He pointed out that ERC-20 is only an interface standard, and anyone can deploy a contract that emits misleading transfer logs. These events don’t move tokens or drain wallets, but they can mislead users into thinking they’ve received assets or triggered unexpected activity. warning – there are fake ERC-20 transfers pretending to be from my wallethttps://t.co/TCZTfDfoTQ example:https://t.co/wA1I8RFTdQ you can see the txs are not sent by me ERC-20 is just a token interface standard, it’s easy to write a smart contract that meets that standard… — James (mainnet arc) (@_jhunsaker) November 25, 2025 The goal is social engineering. Scammers often try to push users toward phishing sites, “claim” buttons, or malicious contracts that ask for approvals. It’s a recurring issue on new Ethereum Virtual Machine chains when activity surges and users rush to interact with fresh dApps. X saw a spike in warnings, and “#MonadScam” trended briefly before cooling off. Monad clarified…

Author: BitcoinEthereumNews

2025/11/26

Monad warns of spoofed token transfers days after mainnet debut

Monad warns of spoofed token transfers days after mainnet debut

Monad’s first week on mainnet hasn’t been entirely smooth, with users now reporting spoofed ERC-20 token transfers after mainnet launch. Reports regarding widespread spoofing incidents began circulating on Tuesday, Nov. 25, a day after the mainnet debut. Monad co-founder and…

Author: Crypto.news

2025/11/26

Finding the Cheapest Meme Coin to Buy with 1000x Potential: A Look at 2025’s Most Undervalued Presale.

Finding the Cheapest Meme Coin to Buy with 1000x Potential: A Look at 2025’s Most Undervalued Presale.

Discover the cheapest meme coin to buy now with high upside. Noomez ($NNZ) presale offers deflationary supply, staking, and 28-stage rewards.

Author: coinlineup

2025/11/26

Monad’s MON Token Climbs 19% After Airdrop, Amid Broader Crypto Pullback

Monad’s MON Token Climbs 19% After Airdrop, Amid Broader Crypto Pullback

The post Monad’s MON Token Climbs 19% After Airdrop, Amid Broader Crypto Pullback appeared on BitcoinEthereumNews.com. The Monad MON token price surged 19% to $0.042 on Tuesday after a highly anticipated airdrop, marking a 68% gain from its $0.025 public sale price. This rise occurred amid cooling broader crypto markets, highlighting strong investor interest in the high-performance layer-1 blockchain. Monad’s airdrop rewarded early adopters but disappointed some due to low allocations, […] Source: https://en.coinotag.com/monads-mon-token-climbs-19-after-airdrop-amid-broader-crypto-pullback

Author: BitcoinEthereumNews

2025/11/26

Important news from last night and this morning (November 25-November 26)

Important news from last night and this morning (November 25-November 26)

Franklin Templeton has filed Form 8-A with the U.S. Securities and Exchange Commission (SEC) for its Solana ETF. According to SolanaFloor, Franklin Templeton has filed Form 8-A with the U.S. Securities and Exchange Commission (SEC) for the Franklin Solana ETF, a crucial step typically taken before the product's official launch. Trading usually begins the day after such filing. The WLFI Strategic Reserve address spent 5.54 million USD to repurchase 32.93 million WLFI. According to on-chain analyst @ai_9684xtpa, the WLFI Strategic Reserve address spent 5.54 million USD1 to buy back 32.93 million WLFI in the past 3 hours, with an average cost of $0.1684. Possibly due to this concentrated on-chain buyback, the price has risen by over 5% since the purchase. A wallet suspected to be associated with Fenbushi Capital deposited 10,400 ETH into Binance 10 hours ago. According to Lookonchain's monitoring, a wallet suspected of being associated with Fenbushi Capital deposited 10,400 ETH, worth $29.88 million, into Binance 10 hours ago. Huma Finance's Q2 airdrop tracking is now live. Huma Finance announced on its X platform that its Q2 airdrop tracking is now live, allowing users to check the number of tokens airdropped. More information will be released soon. OpenAI co-founder Sam Altman's ex-boyfriend was robbed at his home, losing $11 million in cryptocurrency. According to the New York Post, San Francisco police and sources revealed that a tech investor who had dated OpenAI CEO Sam Altman was robbed at gunpoint on the evening of November 22, with $11 million worth of cryptocurrency assets stolen. The robbers, posing as UPS deliverymen, entered the victim's Dolan Street residence carrying a white box. Surveillance footage shows the robbers forcing the victim to hand over electronic devices at gunpoint after he opened the door, and then stealing cryptocurrency assets from his phone and laptop by binding him. According to sources, the suspects tortured the victim after binding him, beating him while he was on speakerphone, with a foreign accent repeatedly reciting the victim's personal information. Police responded to the call that evening and found the victim with minor injuries. They are currently investigating how the robbers transferred the cryptocurrency using the stolen devices. The homeowner, 31-year-old Lachy Groom, is a venture capitalist and the ex-boyfriend of 40-year-old Sam Altman. Property records show he purchased the home from the Altman brothers in 2021 for $1.8 million. USDe TVL has fallen to $7.6 billion, a drop of over 50% compared to October. According to The Block, Ethena's synthetic stablecoin USDe's total value locked (TVL) has fallen from $14.8 billion in October to $7.6 billion currently, a drop of over 50%. Affected by a weak market environment and reduced leverage demand, perpetual funding fees have compressed, and the stablecoin's current annualized yield is approximately 5.1%, lower than the double-digit yields at the beginning of the year. Despite the decline in TVL, USDe usage is on the rise, with on-chain transaction volume exceeding $50 billion last month. The sharp contraction in TVL is largely due to the liquidation of leveraged arbitrage strategies prevalent in DeFi protocols, especially in lending markets like Aave. These arbitrage strategies involve repeatedly depositing pledged USDe (sUSDe) as collateral, borrowing USDC at a high loan-to-value ratio, then exchanging it back for sUSDe, and repeating this process to achieve effective leverage of 10x or even higher. This trade can continue to be profitable as long as the annualized yield of USDe exceeds the borrowing cost of USDC; however, as the yield has declined and is now below the 5.4% cost of borrowing USDC on AAVE, some people have closed out their arbitrage trades. An ancient whale is suspected of dumping 20,000 ETH, worth $58.14 million, after eight months. According to on-chain analyst @ai_9684xtpa, an "ancient whale" holding 254,900 ETH in the ETH ICO market appears to have sold 20,000 ETH after eight months, worth $58.14 million, at a cost as low as $0.31. Ten hours ago, he deposited 20,000 ETH into FalcoinX at a price of $2,906.79. The last time this whale transferred tokens to an exchange, the price was only $1,452.04. He currently holds 3,070 ETH on-chain, worth $9.07 million. The acting chairman of the US CFTC is recruiting a CEO for its Innovation Committee as it expands crypto regulation. According to The Block, Acting Chair Caroline Pham of the U.S. Commodity Futures Trading Commission (CFTC) is seeking CEOs to bolster the newly formed CEO Innovation Council. This council aims to strengthen the agency's work as it expands its regulation of digital assets. Pham announced on Tuesday that she is soliciting nominations for the council, with a deadline of December 8. With bills in the House and Senate granting the agency broader regulatory powers over digital assets, the CFTC is poised to play a larger role in crypto regulation. However, the timeline for legislative action remains uncertain, progress has stalled, and previously set goals have been missed. In the meantime, the agency has launched a "crypto sprint" focused on clarifying cryptocurrency rules and plans to introduce spot trading products, including leveraged products. SKALE has partnered with Base to launch the L3 network "SKALE on Base," designed specifically for AI agent workloads. According to The Block, Layer 1 blockchain SKALE has partnered with Layer 2 network Base to launch an Ethereum Layer 3 network. Project representatives stated that the network, named "SKALE on Base," is "designed specifically for AI agent workloads," particularly well-suited for application scenarios like the x402 payment protocol, incubated by Coinbase and designed specifically for AI. They stated, "Agents require higher-quality block space to run on-chain. SKALE Expand allows the deployment of SKALE Manager (the core smart contract facilitating the operation of the SKALE chain) onto any EVM blockchain, bringing SKALE's gas-free transactions, instant determinism, and privacy protection to other EVM ecosystems." SKALE on Base enables AI agents to leverage SKALE's scalable infrastructure, as well as Base's liquidity, users, entry points, and distribution channels. The network will also introduce a computing resource credit system, meaning AI agents and users won't need to manage gas fees when using on-chain applications. Users can pre-purchase credit on Base using USDC or SKL. Tuesday's launch marks the first deployment of the SKALE Expand multi-chain initiative. The plan aims to transform SKALE into "an AI proxy layer capable of supporting multiple Layer 1 and Layer 2 networks while keeping users and liquidity on their original chains." Multicoin Capital purchased another 60,000 AAVE tokens, worth $10.68 million. According to on-chain analyst Yu Jin, Multicoin Capital purchased 60,000 AAVE tokens (US$10.68 million) through Galaxy Digital OTC four hours ago. In the past month and a half, they have accumulated 338,000 AAVE tokens (US$60.46 million) at an average price of US$219, resulting in a paper loss of US$13.5 million. After the sharp drop on October 11th, they purchased 210,000 AAVE tokens (US$51.32 million) at US$244; on November 25th, they purchased 61,637 AAVE tokens (US$10.94 million) at US$177; and on November 26th, they purchased 60,000 AAVE tokens (US$10.68 million) at US$178. Bitwise DOGE ETF receives NYSE Arca listing approval and could list as early as Wednesday. According to The Block, NYSE Arca, a subsidiary of the New York Stock Exchange Group, approved Bitwise's application for listing and registration of a Dogecoin ETF on Tuesday. The Bitwise Dogecoin ETF (ticker symbol BWOW) could list as early as Wednesday. According to a previous registration statement, the Bitwise Dogecoin ETF aims to expose investors to the value of this meme cryptocurrency, and Coinbase Custody will serve as the fund's custodian. U.S. Bancorp, the fifth-largest bank in the United States, is testing its self-developed stablecoin on the Stellar platform. According to The Block, US Bancorp stated that it is testing its self-developed stablecoin on the Stellar blockchain. The bank's choice of the Stellar blockchain appears to be based on considerations of transaction security and control. Mike Villano, Senior Vice President of Corporate Innovation at the bank, stated, "For our customers, we must consider other safeguards around the 'Know Your Customer' (KYC) principle, such as the ability to reverse transactions. After further development on the Stellar platform, we found that a major advantage of the platform is its underlying operational layer's ability to freeze assets and suspend online transactions." According to data from the Federal Reserve, as of September 30, US Bancorp was the fifth-largest bank in the United States, managing $671 billion in assets. Texas launches Bitcoin reserve program, with an initial $5 million purchase of IBIT from BlackRock. According to The Block, a post from the Texas Blockchain Council indicates that the state has made its first allocation to the Texas Strategic Bitcoin Reserve, purchasing approximately $5 million worth of BlackRock's Bitcoin Spot ETF (IBIT) last week. This transaction appears to be the first use of authorized funds under SB 21, enacted by Greg Abbott in June. This act established a state-level Bitcoin reserve managed by the Texas Fiscal Trust. Lee Bratcher, chairman of the Texas Blockchain Council, revealed on Twitter that the purchase occurred on November 20th, marking both the reserve's first allocation and the first instance of a state government purchasing Bitcoin in the US. However, state officials have not yet released any documents or statements to confirm the transaction. According to the Texas Fiscal Trust's latest 13F filing, the company holds approximately $667 million in SPY (S&P 500 ETF) and $34 million in the Janus Henderson Fund. If, as stated by Lee Bratcher, the purchase of $5 million worth of IBIT (as part of a $10 million Bitcoin allocation) will make it the third-largest holding in this portfolio. Arthur Hayes purchased $260,500 worth of PENDLE tokens from Flowdesk. According to Onchain Lens monitoring, Arthur Hayes (@CryptoHayes) purchased 105,000 PENDLE tokens from Flowdesk six hours ago, worth $260,500. Yesterday, he deposited 3.04 million USDC into Kraken, Wintertermute, Cumberland, and Flowdesk, which may indicate he is preparing for another asset purchase. Polymarket announced that it has received approval from the U.S. CFTC to re-enter the U.S. market. According to PR Newswire, prediction market platform Polymarket announced that the U.S. Commodity Futures Trading Commission (CFTC) has issued a revised designation allowing Polymarket to operate an intermediary trading platform, subject to full compliance with all applicable requirements for federally regulated exchanges. This approval will enable Polymarket to directly connect brokerage firms and clients and facilitate trading on U.S. trading venues. Currently, Polymarket is permitted to implement an intermediary access model, allowing users to trade through futures commission brokers and utilize traditional market infrastructure, custody, and reporting channels. MegaETH's pre-deposit campaign failed due to a technical glitch, abandoning plans to expand the fundraising to $1 billion. According to Cointelegraph, MegaETH's pre-deposit campaign failed on Tuesday due to a series of technical glitches. The campaign was designed to provide verified users with a controlled window to lock in their MEGA token allocations. The team stated on the X platform that the technical glitches stemmed from a configuration error and rate limiting issue with the KYC system. Simultaneously, a Safe multi-signature transaction intended for subsequent increases was executed prematurely, resulting in new deposits flowing in and causing the total fundraising amount to exceed the original $250 million limit. The protocol provider stated that this allocation was obtained by users who continuously refreshed the page and happened to be randomly opened by the system. Ultimately, MegaETH froze the total deposits at $500 million and abandoned its original plan to expand the fundraising to $1 billion. The team stated that it will soon release a rollback plan and withdrawal options, reiterating that user assets are always safe, but admitted that this operation did not meet its own standards and that no excuses were needed. Coinbase has launched spot trading of Irys (IRYS). According to an official announcement, Coinbase has launched spot trading of Irys (IRYS). Irys (IRYS) is now available on coinbase.com and the Coinbase App. Coinbase users can log in to buy, sell, exchange, send, receive, or store Irys assets. The selection process for the Federal Reserve Chair is nearing completion, and Hassett is reportedly the top choice. According to Jinshi News, sources familiar with the matter revealed that as the selection process for the new Federal Reserve Chairman enters its final weeks, White House National Economic Council Director Kevin Hassett is considered the leading candidate for the position among President Trump's advisors and allies. Sources indicated that if Hassett were appointed, Trump would be able to place a close ally he knows and trusts within the Fed. Some also stated that Hassett is seen as someone who can bring Trump's interest rate-cutting philosophy to the Fed, which is precisely the direction Trump has long sought to control. However, they also pointed out that Trump is known for his unpredictable personnel and policy decisions, so nothing is certain until the official announcement. Hassett is considered to share Trump's economic views, including the belief that interest rates need to be lowered. In a Fox News interview on November 20, he stated that if he were the Fed Chairman, he would "cut rates now" because "the data suggests we should." The South African Reserve Bank has listed cryptocurrencies and stablecoins as new financial risks. According to Bloomberg, the South African Reserve Bank (SRB) has warned that crypto assets and stablecoins, due to a lack of comprehensive regulation, have become a new risk threatening the country's financial sector. In its semi-annual Financial Stability Assessment, the SRB noted that the digital and cross-border nature of cryptocurrencies allows them to circumvent existing foreign exchange control laws, while digital assets are not yet subject to regulation. Herco Steyn, the SRB's chief macroprudential expert, stated that the risk stems from an "incomplete regulatory framework." He anticipates progress next year but warned that if progress stalls, "regulation will be inadequate." Currently, the SRB is working with the Treasury to develop new regulations to regulate cross-border crypto asset transactions and amend foreign exchange control laws to include digital assets. The SRB emphasized that as crypto asset adoption increases, the domestic regulatory framework needs to be continuously adjusted in line with market developments and risks. Data shows that the South African crypto industry is dominated by three major platforms: Luno, VALR, and Ovex. As of July, they had nearly 7.8 million registered users; and total assets reached 25.3 billion rand as of December 2024. Polymarket receives CFTC approval to amend its designation to provide brokerage access to U.S. users. According to PR Newswire, decentralized prediction market Polymarket has received a revised Order of Designation from the U.S. Commodity Futures Trading Commission (CFTC), allowing it to provide compliant market access to users within the United States through an intermediary model. With this approval, Polymarket can directly connect with brokers and users and utilize traditional custody, clearing, and reporting infrastructure through FCM channels. The company states that it has improved its monitoring, market surveillance, clearing processes, and Part 16 regulatory reporting capabilities, and will implement more intermediary trading rules before its official launch. MegaETH raises USDm deposit cap from $250 million to $1 billion. MegaETH tweeted that its USDm pre-deposit event experienced a brief outage due to excessive requests from third-party service providers. After the outage, the $250 million quota was filled within 156 seconds. The project announced that the cap will be increased to $1 billion to ensure more users can obtain USDm on the first day. The official statement said that previous participants' rights were unaffected, all contracts were audited by Zellic and Slowmist and remain secure, and the cross-chain bridge will reopen at 11:00 AM ET. Coinbase will launch Aster perpetual contract trading. According to a Coinbase Markets announcement, Aster (ASTER) perpetual contracts will be available for trading in supported regions once liquidity conditions are met. Nvidia shares plunged 6%, marking its biggest single-day intraday drop in over seven months. Nvidia (NVDA.O) plunged 6%, marking its biggest single-day intraday drop in more than seven months. Upbit may appeal a fine of approximately $25 million imposed by South Korean regulators. According to CoinDesk, Dunamu, the parent company of Upbit, South Korea's largest exchange, is considering appealing the 352 million won (approximately $25 million) fine and related sanctions imposed by the Financial Intelligence Service (FIU). The FIU alleges that Upbit committed approximately 5.3 million violations related to KYC and suspicious transaction reporting, and has suspended its new customer acquisition for three months, while also issuing a warning to management. Dunamu stated that it is internally reviewing the accuracy of the sanctions and pointed out that the FIU's decision was overturned by the court in the Hanbitco case. The regulatory body emphasized that this is part of a nationwide AML crackdown, and Bithumb, Coinone, Korbit, and GOPAX have also been found to have violated regulations. Upbit stated that it has strengthened investor protection and will improve compliance to ensure a safe trading environment. MoonPay has obtained a limited purpose trust license in New York State, enabling it to provide custody and OTC trading locally. According to Eleanor Terrett, MoonPay has received a limited purpose trust license from the New York State Department of Financial Services (NYDFS), allowing it to conduct crypto custody and over-the-counter trading business in New York State. MoonPay currently holds both a BitLicense and a trust license, a combination that only a handful of companies, such as Coinbase, PayPal, Ripple, and NYDIG, have obtained under stringent regulations. At the opening of the US stock market, Circle fell by about 5% to around $69. U.S. stocks opened higher, with the Dow Jones Industrial Average up 0.28%, the S&P 500 down 0.06%, and the Nasdaq down 0.39%. Alphabet, Google's parent company, rose 2% after reports that Google is in talks with Meta about a multi-billion dollar deal to supply custom AI chips to Meta's data centers starting in 2027. Nvidia (NVDA.O) fell 4%. Alibaba (BABA.N) rose 2%. Among blockchain concept stocks, Circle (CRCL) fell about 5% to $69, close to its opening price on its first day of trading. Newfire Technology launches Bitcoin purchase plan not exceeding $5 million Hong Kong-listed company Newfire Technology (1611.HK) announced a Bitcoin purchase plan of up to US$5 million (approximately HK$39 million). In the first phase, it has purchased approximately 24.29 Bitcoins, totaling approximately US$2 million, at an average price of approximately US$82,338, completing nearly half of the planned amount. The company stated that because the relevant percentages are all below 5%, this transaction does not constitute a disclosable transaction under Chapter 14 of the Listing Rules, and will be disclosed as required by the rules in the future. Paxos acquires DeFi wallet company Fordefi for over $100 million According to Fortune, Paxos has announced the acquisition of New York-based DeFi wallet startup Fordefi for over $100 million. Founded in 2021, Fordefi has approximately 40 employees and 300 customers, and its previous valuation was $83 million. Following the acquisition, Fordefi will continue to operate independently, and Paxos plans to integrate its technology into its own system. This transaction marks Paxos' second acquisition within a year, further expanding its reach after acquiring EU stablecoin issuer Membrane Finance in February to comply with MiCA regulations. Klarna plans to launch its own stablecoin on the Tempo chain in 2026. According to Solid Intel, Swedish fintech company Klarna plans to launch its own stablecoin on Tempo, a blockchain network powered by Paradigm and Stripe, in 2026. S&P 500 and Nasdaq 100 futures surge S&P 500 and Nasdaq 100 futures surged on news that Ukraine had agreed to a peace deal. According to ABC News, a U.S. official said Tuesday that the Ukrainian delegation had reached an agreement with the U.S. on the terms of a potential peace deal. The U.S. official said that U.S. Army Secretary Dan Driscoll held closed-door talks with a Russian delegation in Abu Dhabi, UAE, on Monday to follow up on weekend talks with Ukraine in Geneva aimed at advancing the Ukrainian peace process. The U.S. official said, "The Ukrainians have agreed to a peace agreement. There are a few minor details to be resolved, but they have agreed to reach a peace agreement." The official also stated, "The 19-point Ukrainian peace plan no longer includes any pardon clauses." Irys (IRYS) plummeted by approximately 85% after its launch on Binance Alpha. Irys (IRYS) plummeted after its listing on Binance Alpha, dropping approximately 85%. Market data shows that IRYS reached a high of $0.11 per token at the opening at 7 PM tonight, with airdropped users receiving 1200 IRYS tokens, averaging a profit of about $132. However, it quickly plunged 86%, currently trading at $0.0135 per token, with the profit rapidly shrinking to around $16. IRYS's market capitalization has now shrunk to less than $30 million. The UAE's new financial law brings DeFi and Web3 under its regulatory purview. According to Cointelegraph, the UAE's Federal Decree No. 6 of 2025, effective September 16, 2025, brings DeFi and Web3 activities, including payments, lending, trading, and custody, under the central bank's regulation, ending the "pure code" excuse. Those engaging in related activities without a license will face fines of up to 1 billion dirhams (approximately $272 million). While the law does not prohibit self-custodied wallets, services involving payment functions must be assessed for compliance with licensing requirements. Companies must complete compliance adjustments by September 2026. A whale deposited $32.1 million USDC into HyperLiquid to increase its holdings of HYPE and opened a short position to hedge. According to Onchain Lens, a whale deposited $32.1 million USDC into the HyperLiquid platform to increase its holdings of $HYPE. It currently holds 741,318 HYPE tokens, with a market value of approximately $24.63 million. It also opened a 10x leveraged short position in HYPE. QCAD approved as Canada's first compliant Canadian dollar stablecoin. According to PR Newswire, Stablecorp announced that its QCAD Digital Trust service has received a final acknowledgment of its prospectus from the Canadian Securities and Exchange Commission (SEC). QCAD is issued in compliance with the current stablecoin regulatory framework, becoming Canada's first compliant CAD stablecoin. QCAD is held in custody by regulators with a 1:1 Canadian dollar reserve, providing near-instantaneous, low-cost cross-border and domestic transfers; the reserves will be audited regularly and publicly disclosed. Metaplanet borrows another $130 million using Bitcoin as collateral. According to a Metaplanet Inc. announcement, the company executed a $130 million loan on November 21, pursuant to a credit agreement disclosed on October 28, secured by its Bitcoin holdings. The funds will be used to increase its Bitcoin holdings, expand its Bitcoin yield business, and repurchase shares, depending on market conditions. As of the end of October, the company held 30,823 BTC, with a market value of approximately $3.5 billion. The company has drawn down a total of $230 million from its $500 million credit line.

Author: PANews

2025/11/26

Monad Airdrop Farmer Spends All $112K On Failed Trades

Monad Airdrop Farmer Spends All $112K On Failed Trades

The post Monad Airdrop Farmer Spends All $112K On Failed Trades appeared on BitcoinEthereumNews.com. A crypto airdrop farmer lost more than $112,000 in newly issued tokens by burning the entire reward on failed blockchain transactions. In crypto, a professional airdrop farmer (or squatter) is a person who interacts with emerging protocols solely for the airdrop rewards, often using multiple wallets to compound the rewards. Cryptocurrency wallet 0x7f4 received about $112,700 worth of Monad (MON) tokens as a reward for activity leading up to the launch. In an unfortunate turn of events, the trader lost the entire $112,000 across hundreds of failed blockchain transactions, which all deducted gas fees despite not being completed, according to blockchain data from Solscan. “Congratulations to 0x7f4e…fa7d who managed to spend their entire Monad airdrop (112.7k) on failed txn fees,” wrote crypto investor Joe, in a Monday X post. Transactions for wallet 0x7f4. Source: Solscan Related: Nasdaq-listed Enlivex plans $212M RAIN token play with ex-Italian PM onboard The incident serves as a reminder to run test transactions before large-scale transfers, which involve users sending a small amount of funds to the destination address to verify that the transfer parameters are correct. Based on the transaction patterns, the user behind the wallet probably submitted hundreds of transactions in a short time, likely through a script, but didn’t notice that the first transactions had begun failing. Related: $1.9B exodus and flicker of hope hits crypto investment funds: CoinShares SlowMist warns of Monad claim portal hack The incident came as some Monad airdrop recipients reported missing allocations. According to Cos, founder of blockchain security firm SlowMist, a vulnerability in the Monad claim portal allowed hackers to bind a user’s allocation to an attacker-controlled wallet. Multiple users reported not receiving their airdrop shares, which were “bound to a hacker’s address” before the allocation was disseminated, wrote Cos in a Tuesday X post. Cos said…

Author: BitcoinEthereumNews

2025/11/26

Huma Finance's Q2 airdrop tracking is now live.

Huma Finance's Q2 airdrop tracking is now live.

PANews reported on November 26 that Huma Finance announced on its X platform that its Q2 airdrop tracking is now live, allowing users to check the number of tokens airdropped. Other information will be released soon.

Author: PANews

2025/11/26

Pump.fun Co-Founder Rejects $436M Cash-Out Reports

Pump.fun Co-Founder Rejects $436M Cash-Out Reports

The post Pump.fun Co-Founder Rejects $436M Cash-Out Reports appeared on BitcoinEthereumNews.com. Pseudonymous Pump.fun co-founder Sapijiju rejected claims that the project cashed out more than $436 million in stablecoins, calling the allegations “complete misinformation” from the blockchain analytics firm Lookonchain.  In an X post, Sapijiju addressed the report, insisting that none of the transferred funds were sold. He said the USDC originated from the PUMP token’s initial coin offering (ICO) and was simply redistributed to internal wallets as part of the company’s treasury management process.  “What’s happening is a part of Pump’s treasury management, where USDC from the $PUMP ICO has been transferred into different wallets so the company’s runway can be reinvested into the business,” Sapijiju. “Pump has never directly worked with Circle.”  Treasury management happens when a project allocates, stores and moves its funds, such as operating capital, ICO proceeds or reserves, to ensure it can continue running. The transfers don’t necessarily indicate selling and can involve wallet reorganization and preparing budgets for future developments. Cointelegraph reached out to Lookonchain and Pump.fun, but had not received a response by publication.  Source: Sapijiju Fund movement sparked fears of selling pressure Sapijiju’s comments came after Lookonchain reported that wallets linked to the Solana memecoin launchpad had moved $436 million in USDC to the crypto exchange Kraken since mid-October, which was widely interpreted as a large-scale cash-out.  The fund movements coincided with Pump’s monthly revenue falling below $40 million for the first time since July, declining to $27.3 million in November, according to DefiLlama data. Despite this, data platforms DefiLlama, Arkham and Lookonchain showed that the Pump.fun-tagged wallet still held more than $855 million in stablecoins and $211 million in Solana (SOL).  Nicolai Sondergaard, research analyst at crypto intelligence platform Nansen, interpreted the perceived sell-off as a precursor to further selling. EmberCN said that the funds originated from institutional private placements of the…

Author: BitcoinEthereumNews

2025/11/26

Recommended by active authors

BitcoinEthereumNews
BitcoinEthereumNews
1498Articles
PANews
PANews
1246Articles
Coinstats
Coinstats
406Articles
Coindoo
Coindoo
282Articles

Related Tags

#Token-Listing#On-chain#Whale#ETF#Liquidation#Index#Perpetual-Contracts#Options#Futures

Latest Articles

Omdia: Mainland China’s cloud infrastructure market accelerates to 24% growth in Q3 2025

Omdia: Mainland China’s cloud infrastructure market accelerates to 24% growth in Q3 2025

2026/02/10 14:15
👨🏿‍🚀TechCabal Daily – Buy shares on M-Pesa

👨🏿‍🚀TechCabal Daily – Buy shares on M-Pesa

2026/02/10 14:15
Tron Accumulates TRX, Price Pops As Justin Sun Weighs In

Tron Accumulates TRX, Price Pops As Justin Sun Weighs In

2026/02/10 14:11
STX Technical Analysis Feb 10

STX Technical Analysis Feb 10

2026/02/10 14:10
Remittix Expected To Produce Higher Returns For Holders Than BlockDag Could For Presale Buyers

Remittix Expected To Produce Higher Returns For Holders Than BlockDag Could For Presale Buyers

2026/02/10 13:52