- The Castle Chronicle
- Airdrop Alfa, Terraform Labs Buying Christmas Present, Technical Analysis & More
Airdrop Alfa, Terraform Labs Buying Christmas Present, Technical Analysis & More
The Castle Chronicle: Volume 48
👀 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
Think you have what it takes to enter the Castle and contribute to funding and advising projects across the space?
🔑 Key News
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
Yearnfi treasury yCRV incurs huge losses due to script
OKX DEX exploited for $2.76M
Hypr Network bridge exploited
Pixelmon CEO confirms token drop
Starknet developers to receive slice of network operator fees under 'devonomics' program
Rainbow Wallet unveils 'points' for Ethereum users
Manta Network announces their new paradigm Penta Yield
Masa's Avalanche subnet to power decentralized data marketplace
Metis creates $100M fund
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
⛓ 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
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:
As promised a little guide on ThunderTerminal.
First of all, why is ThunderTerminal significant?
✅ CEX interface
✅ Customizable Limit Orders
✅ Sniping and Scheduled Tx Support
✅ Discord and Mobile Companions Available
✅ Beautiful UI
✅ ✅ Point System For Token Distribution
So much insight into your trading from the interface alone.
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.
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
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:
Another $TIA airdrop confirmed? 👀
➡️ $MOV airdrop🪂for $TIA & Cosmos communities
➡️Incentivized testnet soon
@movementlabsxyz introduces M2, Move VM-based L2 for Ethereum with Celestia underneath
In a recent interview with @Cryptocito , @rushimanche, co-founder of Movement… twitter.com/i/web/status/1…
— Airdrops (@Airdrops_one)
Dec 16, 2023
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
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
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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