👀 What’s to Come in Volume 47

🔑 Key News: Safemoon Bankruptcy, Central Bank Allowed to Have Crypto, Exploits, New Projects & more from CJ

⛓ On-Chain Sleuthing: Terraform Labs Activity Spotted feature from Cl

🔥 Hot Narratives Account Abstraction & Airdrops from unexployed

📉 HTF Price Action Scenarios from Vlad

⚔️ A Call to Arms

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🔑 Key News

Major Headlines

• FTX debtors push back against $24B IRS claim

• KuCoin Pays $22 Million & Exits NY Market

• LINE raises $140 million to expand NFT venture

• Coinbase launching non-US spot market

• Worldcoin integrates Minecraft, Reddit, Telegram, Shopify & Mercado Libre

• Federal Reserve leaves interest rates unchanged, remains at 5.25% - 5.50%

• Central Banks can hold up to 2% of their reserves in crypto starting Jan 2025

• SafeMoon files for Chapter 7 bankruptcy

• SEC denied Coinbase's petition for rules for crypto

Project Updates

• Yearnfi treasury yCRV incurs huge losses due to script

• OKX DEX exploited for $2.76M

• Flooring Protocol & Aurory’s SyncSpace exploited

• Ledger library compromised and their updates regarding it while Tether freezed the exploiter’s wallet

• Hypr Network bridge exploited

• Binance listed BRC-20 Sats & Bonk 

• Pixelmon CEO confirms token drop

• Starknet developers to receive slice of network operator fees under 'devonomics' program

• Rainbow Wallet unveils 'points' for Ethereum users

• Coti planning to launch EVM L2 network while Cronos Labs launching zkEVM

• LayerZero introduces v2 while Astria introduces their EVM rollup

• Manta Network announces their new paradigm Penta Yield

• Ziliqa and Arbitrum had some block production issues

• Drama between Irys and Arweave

• Masa's Avalanche subnet to power decentralized data marketplace

• Metis creates $100M fund

Interesting Projects

• Tomb+: New ponzi, airdrop for previous Tomb/Tshare holders

• Label Protocol: Data labelling protocol which integrates AI

• Nile Exchange: Ramses dev’s new Solidly fork on Linea

• Rainbow: Just launched their points program, vamp attack on Metamask

• Tensorplex Labs: Generative AI protocol

• Bitsmiley Labs: BTC native CDP protocol

Courtesy of CJ - check out his telegram channel for daily news, projects updates and new releases

⛓ On-Chain Sleuthing

Terraform lab sellin’g some wBTC for Xmas season

Alledged Terraform Labs Wallet Selling Funds Before Xmas

Our house sleuth CL stumbled upon an interesting multisig that is connected to the wallet used by Terraform Labs back when they invested in the $LDO seed:

We have found an interesting Multisig connected to some wallet used by Terraform labs to invest in the $LDO seed :

Link to Parsec explorer page: 0xa3c…ab45

From the image above you can see that our address in question, 0xa3c…ab54 (purple, middle), has received >$12mln USDC from 0×8d3…3969.

In turn, 0×8ed3…3969 received >$6mln worth of wBTC from Thor and >$12mln from routing through CowSwap.

We suspect that this is only one of Terraform Labs wallets and it shows that they are still around and conducting transactions. Their holdings exceed multi-millions, but justice will be served.

Research and analysis by Cl

🔥 Hot Narratives

Creso Receives Google Cloud Grant: Bullish Account Abstraction

We covered Creso in the past, it is a new crypto wallet project that utilizes EIP-4337 and Account Abstraction. A new paradigm for wallets, but also backed by a team that pioneers innovation in this space.

Today, the team announced on Twitter that they had received a grant from none other than Google Cloud.

This is significant for two reasons. For one, it underlines the significance of account abstraction and narrative that is brewing around this piece of tech. In Castle, we have been interested in AA and feel like that it is necessary to drive more adoption toward crypto as it abstracts away a lot of complexities.

Early examples of Account Abstraction (at the lowest form) are Telegram bots and Friend Tech, where the private keys are stored elsewhere and users are able to interact with the blockchain from their mobile devices. Real Account Abstraction is a lot more secure and has upgradability as well.

The second reason is the fact that Creso received a grant from Google Cloud. The big players are interested in crypto and is simply a sign of adoption on larger scale.

Be sure to keep your eyes out for any other Account Abstraction-focused projects.

Airdrops: ThunderTerminal, Frame.xyz, and TIA Airdrops

Alright, I cannot not talk about airdrops in this section. Thanks to Jito and Jupiter, airdrops are more popular than ever and many farming threads have been popping off. Let’s get into the juice:

ThunderTerminal

As promised a little guide on ThunderTerminal.

First of all, why is ThunderTerminal significant?

✅ CEX interface
✅ Customizable Limit Orders
✅ Multi-chain
✅ Sniping and Scheduled Tx Support
✅ Discord and Mobile Companions Available
✅ Beautiful UI

✅ ✅ Point System For Token Distribution

The interface is simply a beauty.

Now, let’s get started. First of all, you need to register using someone else’s reflink. Here is one https://thunder.gg/terminal?referrer=650d4e8e49fe6894976fc5dc, but most likely you will have to go to twitter to find one.

When you create an account, you are able to connect your wallet to your profile. Note that this wallet is NOT used for trading.

In the top left, you can find a tab with wallets. Here you can import and/or create wallets to trade with.

ThunderTerminal is very much focused on security and assures its users that the keys are safely stored. That being said, I recommend NOT importing your main wallets in Terminal (even for convenience purposes).

For me the loop is as follows:

If I want to sell a coin that I had bought on my main accounts, I transfer it to my TT-wallet and sell it through TT.

Same for buying. If I want to buy something with USDC, I fund the wallet and execute the trade through TT.

It is a bit of a hassle, but allows me to collect points fairly easily.

There is even the option to create tasks; Sniper (speaks for itself), Swap (limit order), Presale (ape after chain state change aka when the presale opens), Friend Tech (snipe predefined accounts), and Copytrade (with frontrun option).

I mean, over time this platform should have it all.

It’s a giant in the making. Better get started soon.

Frame

First, let’s cover an airdrop that didn’t require any specific activities in order to be eligible: frame.xyz.

They announced their airdrop and if you have traded NFTs in the past two years it is almost guaranteed you have an airdrop. Based on volume traded, wallets are eligible for 50-350 $FRAME (and more if you have done testnet quests).

Check here: https://www.frame.xyz/governance

TIA Airdrops

Data Availability Layer Celestia has been a banger of an airdrop this year on itself, but many projects are building on top of Celestia and are likely to reward TIA stakers with additional airdrops.

This has been a theory since TIA dropped, but Movement Labs CEO Rushimanche confirmed in a recent interview plans of an $MOV airdrop including TIA stakers:

You can also opt to stake $TIA through liquid staker MilkyWay. Increase your chances for a MilkyWay token.

Courtesy of unexployed

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📈 HTF Price Action Scenarios

Gm frens!

Last week we had a break to the downside which could have been a quick liquidity grab, the beginning of a bigger re-accumulation, or even the beginning of a deeper correction. Right now it looks like a bigger re-accumulation, but we won’t know until the chart is printed.

• Expansion out of sideways price action

• Clear uptrend with multiple re-accumulations

• Lows are getting liquidated

• Re-accumulation

I anticipate this to either be a bigger re-accumulation or the beginning of a deeper correction. Either way, our gameplan is the same - wait for some sort of bullish break indicating that big money is once again behind the move.

Trade responsibly and I’ll see y’all next week!

Courtesy of Vlad - trend-based trader and MentFX student

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The Castle

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In our newsletter, we may discuss projects or tokens in which we hold positions. While we aim to provide informative content, our views are not financial advice. Please conduct your research and consult professionals before making investment decisions. Crypto markets are volatile, and past performance doesn't guarantee future results. Invest responsibly, and be aware of the risks. Your capital is at risk, and we do not accept liability for any losses.