A "Little" $300M Liquidation

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December 11, 2023

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We hope none of you were selling off $BTC last night, because a few too many people did. $150+ Million was liquidated from crypto markets last night in less than an hour… More on that, Google’s hint for “crypto trust” advertisements, recent exploits and vulnerabilities, and tons of crypto educational content below 👇🏼🖤

  • $150M+ of crypto was liquidated on Dec. 10 in less than 1 hour (@WatcherGuru)

  • HNT rallies above $5.5 as Helium expands nationwide service (TD)

  • Bitcoin Miner backed by Jack Dorsey will block ordinal inscriptions (TD)

  • Pudgy Penguins to create video game ‘Pudgy World’ on zkSync (BLOCK)

  • HTX exchange has seen ~ $260M withdrawn since the $30M exploit in November (CT)

  • Block opened up pre-orders for its new self custody BTC wallet (CD)

  • Decrypt merges with decentralized media Rug Radio (AX)

  • Nonco raises $10M from former U.S. Comptroller of Currency and Hack VC to build a leading digital assets lending firm (CN)

  • Jack Dorsey leads seed round for OCEAN’s mission (PRN)

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  • SEC filings that involve BTC hits record high (TB)

  • Binance’s CZ is banned from leaving the country (D)

  • Robinhood is trading crypto in EU (I)

  • India won’t see web3 initiatives until 2025 (CD)

  • UK Pension fund invests $20M in crypto derivatives exchange (CT)

  • Google sneaks in “crypto trust advertisements” in advertisement guidelines (@BitcoinMagazine)

  • BlackRock warns SEC that labeling Bitcoin as a security would cause major issues (@GoingParabolic)

  • Cyvers security firm finds $50M link to KyberSwap exploit in $HXA project (CT)

  • TIME token smart contract vulnerability leads to $188k loss (C.N)

  • Aerodrome and Velodrome hit with back-to-back front-end attacks, totaling $100k (C.N)

  • U.S. NVD flags Bitcoin inscriptions as cybersecurity risk (CT)

  • Crypto Exchange majority owner pleads guilty to unlicensed money transmitting (J)

  • Details on Ethereum’s supply chain (UMBR)

  • LayerZero to launch token in 2024 (TD)

  • ETH gas prices are at an 8 month high (D)

  • Vitalek’s philosophy of Ethereum (B)

  • 99 Pixelmon floor sweep occurred, costing $440k and leaving floor around 2 ETH (@thedropnft)

  • Sotheby is auctioning off its first Bitcoin project (BW)

  • LayerZero has plans for it’s own token, starting with $3M airdrop (CPOT)

  • VanEck’s crypto prediction report drops - and it’s bullish! (@Cryptokidcom)

  • VanEck’s Spot Bitcoin ETF ticker will be $HODL (@bitcoinlfgo)

  • Coinbase’s Head of Research outlines path to web3 adoption (TS)

  • World’s Top 10 Bitcoin Holders (@GoingParabolic)

  • What is considered web3 technology (NBTC)

  • The complexity of executing successful airdrops (ARXIV)

  • How inscriptions are dividing the web3 community (TD)

  • How AI and blockchain will merge (TD)

  • What is Magic Eden (B)

  • 10 Reasons why the spot Bitcoin ETF will change everything (@dotkrueger)

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