Category: Web3

Sonic Rewards Solayer Delegators with Token Airdrop

Summary: Sonic SVM which is a well known Solana layer-2 blockchain solution is now gearing up for a token airdrop to reward users who’ve supported its Actively Validated Service (AVS). Delegators staking SOL or Liquid Staking Tokens (LSTs) through Solayer will get in on the action ahead of Sonic’s Token Generation Event (TGE) in Q1 2025.

Free Tokens for Sonic Supporters

Big news for Solana stakers! Sonic SVM is giving back to its loyal supporters with an airdrop of its upcoming tokens. If you’ve been delegating your SOL or LSTs to Sonic’s AVS via Solayer, you’re on the VIP list. A snapshot of eligible wallets will be taken before the TGE, so early supporters don’t miss out.

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With $80 million in SOL staked by over 81,000 users, Sonic is already dominating Solayer’s AVS scene. And with the restaking ecosystem hitting $360M in Total Value Locked (TVL), this airdrop couldn’t come at a better time.

Staking + DeFi Perks = Win-Win

Thanks to its partnership with Solayer, Sonic isn’t just handing out tokens. Delegators can also snag added liquidity through Liquid Restaking Tokens, letting them play around in DeFi platforms like Banx, Orca, and Meteora.

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Sonic CEO Chris Zhu said, “This airdrop is our way of saying thanks to the people who’ve backed Sonic from the jump.” He added, “We’re building something big here, and we want our community to share in the wins.”

Polygon Unveils $1B Push to Supercharge DeFi Ecosystem

Polygon’s cooking up a $1B plan to deploy idle stablecoins into DeFi vaults like Yearn and Morpho, aiming to rake in $91M yearly yields. The cash will boost liquidity, DeFi action, and ecosystem growth. With MATIC now POL and its $5B market cap, Polygon’s gearing up for next-level DeFi vibes.

Polygon is about to make a bold move to boost its DeFi ecosystem by unlocking over $1 billion in stablecoins that have been sitting unused in its PoS Bridge. Right now, stablecoins like are just there with no real purpose. But after this new plan comes in it will surely put that money to work and drive real growth.

This proposal has the backing of some big names in DeFi, including Allez Labs, Morpho Labs, and Yearn Finance. The goal is to deploy about $1.3 billion into carefully selected vaults on Polygon, which will use quality collateral. The plan expects to generate around $91 million in annual yield, which would then be reinvested into Polygon’s ecosystem to increase liquidity, attract more DeFi activity, and enhance the network’s infrastructure.

Paul Frambot, CEO of Morpho Labs, pointed out that these idle reserves represent a major missed opportunity, with potential earnings of $50 million to $90 million each year.

Plus, Polygon has also moved more ahead by recently rebranding its token from MATIC to POL. This incident overall led to its market cap being pushed to $5 billion.

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ChillGuy Coin Tumbles 25% Amid IP Violation Scandal

ChillGuy Coin tanked 25% after it was exposed that they had absolutely zero rights to the OG meme. Creator Philip Banks called out hackers who faked his approval, sparking chaos. Trading spiked, Wintermute profited big, and the drama highlights how risky meme coins can be when hype and shady moves rule the market.

ChillGuy Coin just took a major L, dropping 25% in 30 minutes after it came out that the team had zero rights to the OG Chill Guy meme. The price nosedived from $0.4793 to $0.2677, slashing its market cap to $299M, as panicked investors sold off hard. Trading volume spiked 172% during the chaos.

Philip Banks, the artist behind the Chill Guy meme, spilled the tea, saying he never gave IP rights to the coin’s creators. Turns out, hackers got into his socials and faked posts claiming he was onboard with the project. The fake tweets even pumped the token by 30% to $0.44 before the truth dropped. Banks’ Insta later confirmed the hack, and all fake posts are gone now.

Making it worse, on-chain data revealed Wintermute, a market maker, bought $1.2M in ChillGuy before the fake tweets, flipping them for fat profits. Shady much?

ChillGuy Coin launched on Solana last month and hit $561M market cap fast, fueled by meme vibes and Gen Z hype. But Banks is now pushing for copyright protection to stop people from exploiting his art.

The takeaway? Meme coins are wild and risky. Hype dies fast, and drama’s always around the corner.

You might like: Floki Inu Team Drops MONKY Token, Airdrop Coming Soon

Floki Inu Team Drops MONKY Token, Airdrop Coming Soon

The Wise Monkey ($MONKY) token is live officially on the BNB Chain, and an epic airdrop is coming! FLOKI and TOKEN holders will get a share of the 10 trillion $MONKY supply, with distributions happening from this December 20 to 27. Mark your calendars for the December 15 snapshot and claim your rewards!

The much-awaited Wise Monkey ($MONKY) token has officially launched, and it’s already causing a buzz in the crypto world. Backed by Ape Accelerator and the Forj team (part of Animoca Brands), $MONKY is now live on the BNB Chain, and it’s got big plans ahead with a total supply of 10 trillion tokens and a $10 million FDV.

But that’s not all—there’s a massive airdrop happening soon, and if you’re a FLOKI or TOKEN holder, you’re in luck! The airdrop snapshot will be taken on December 15th at 00:00 UTC, so don’t miss it. The distribution kicks off on December 20th and runs until December 27th.

Here’s the breakdown: FLOKI holders will get 27% of the $MONKY supply (0.35 MONKY for every 1 FLOKI), and TOKEN holders will grab 4% (130 MONKY for every 1 TOKEN). If you’re a FLOKI Trading Bot user, you’ll also get a slice of the airdrop.

And if you’re trading on OKX, don’t worry—they’ve got your back too, supporting the airdrop for FLOKI holders. Make sure to check your eligibility and claim your rewards at airdrop.floki.com after the snapshot. It’s time to level up with $MONKY!

Read More: ED Seizes ₹12.5 Crore in HPZ Crypto Token Scam Crackdown in India

ED Seizes ₹12.5 Crore in HPZ Crypto Token Scam Crackdown in India

India’s ED seized ₹12.5 crore in the HPZ Token crypto scam, where investors were duped with fake promises of high returns through a shady app. The scam, now totaling ₹615.90 crore, lured people with small gains before trapping them for bigger investments. Raids hit four cities under the PMLA crackdown.

India’s Enforcement Directorate (ED) just pulled off a major move in the HPZ Token crypto scam, seizing ₹12.5 crore in assets after raiding four cities—Delhi, Gurugram, Thane, and Navi Mumbai. This brings the total amount recovered in this scam to a whopping ₹615.90 crore.

So, what’s the deal with this HPZ Token? Well, it’s a classic case of “too good to be true.” It was easily one of those shady group launching a crypto app and luring hundreds of investors with promises of insane returns—like ₹4,000 a day on a ₹57,000 investment for three months. Initially they even paid out small amounts to build trust, but it was all a setup to trap people into pouring in more money.

The ED stepped in after an FIR was filed in Nagaland, and the Dimapur sub-zonal office took charge of the investigation under the Prevention of Money Laundering Act (PMLA). On December 5, the agency raided 11 locations, freezing bank accounts, fixed deposits, and mutual funds linked to the accused group.

This is one of the biggest crackdowns in India’s fight against crypto fraud. The ED is on a mission to track down every penny of the stolen money and make sure the scammers face justice.

The takeaway? Always double-check any investment that promises sky-high returns—it’s probably a trap. The crypto world is exciting, but scams like this are a reminder to stay alert and informed.

Also Read: Pi Network Urges Users to Take Charge as KYC Validators

Pi Network Urges Users to Take Charge as KYC Validators

Pi Network is hyping users to become KYC Validators and speed up verification for its move to Open Network. With deadlines near, Validators can earn Pi by verifying legit users in their area. Accuracy is key—quality work gets you more tasks, while mistakes could pause your role. Ready to help Pi grow?

Pi Network is calling on its community to step up as KYC Validators and help to make the platform move closer to its Open Network launch. With KYC requests piling up after the Grace Period, more Validators are needed to speed up the process and make everything run smoothly.

This KYC is all about how Pi verifies that every user is a real person, which is super important for keeping the network legit and secure. As a Validator, one will review and approve other users’ KYC submissions, ultimately helping Pi grow and hit its goals.

More Validators equals more faster verifications getting done. But here’s the catch: accuracy is the main focus. Those who consistently do a good job will get more tasks and earn more Pi, while those who make too many mistakes might have get their role suspended. Don’t worry, though—if you improve, you can bounce back and keep contributing.

If you’re ready to be part of something big, hop onto the KYC app and sign up as a Validator. It’s an awesome way to earn Pi while helping Pi Network get closer to its Open Network milestone. Let’s make it happen together!

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Abu Dhabi Embraces Tether’s USDT as an Approved Virtual Asset

Abu Dhabi just gave Tether’s USDT the official virtual asset status, letting licensed financial institutions offer regulated services with it across blockchains like Ethereum and Solana. This move aligns with the UAE’s goal to be a digital finance hub, blending crypto with traditional finance for innovation and stability.

Abu Dhabi just made a power move in the crypto world by recognizing Tether’s stablecoin, USDT, as an official virtual asset (AVA). The Abu Dhabi Global Markets (ADGM) Financial Services Regulatory Authority gave the green light, meaning financial institutions can now offer regulated services using USDT across blockchains like Ethereum, Solana, and Avalanche.

This isn’t just a win for Tether but a super flex for the UAE’s digital finance strategy. By integrating this into its regulated ecosystem, Abu Dhabi is essentially just building a bridge between old-school finance and decentralized systems. It’s all about staying ahead in the game and changing the face of crypto market.

With a market cap of massive $138 billion, USDT is already the king of stablecoins, and this move only solidifies its throne. And now with financial providers in ADGM, they can use USDT to create secure, compliant services, backed by the UAE’s rock-solid economic reputation.

Tether’s CEO, Paolo Ardoino, called this a “game-changer,” highlighting how stablecoins are reshaping modern finance. He’s hyped about Tether’s role in helping Abu Dhabi become a leader in digital transformation and economic innovation.

The UAE, especially Abu Dhabi and Dubai, is killing it in the blockchain scene, thanks to its smart regulations. These cities are now global crypto hubs with thriving blockchain communities. Clearly, the UAE isn’t just riding the crypto wave—it’s leading it.

Also Read: Coincheck: Japan’s Leading Crypto Exchange Goes Public on Nasdaq

Coincheck: Japan’s Leading Crypto Exchange Goes Public on Nasdaq

Coincheck just made history as the first Japanese crypto exchange to hit Nasdaq, trading under “CNCK” after a $1.3B SPAC merger. Despite bouncing back from a massive hack years ago, Coincheck’s leveling up to attract global investors, flexing Japanese expertise, and diving into the U.S. market for that next-gen glow-up.


Coincheck, Japan’s OG crypto exchange, just pulled a major flex by going public on Nasdaq under the ticker “CNCK” on December 11 this year. This makes Coincheck the first-ever Japanese crypto exchange to hit a U.S. stock market, following in Coinbase’s footsteps from three years ago.

How’d they do it? Through a $1.3 billion merger with Thunder Bridge Capital Partners, a SPAC designed to help private companies go public. Now, they’re part of the newly formed Coincheck Group N.V., raking in $31.6 million in proceeds. Shoutout to Monex Group, Coincheck’s parent company, which snagged the exchange back in years ago for a cool $33.5 million.

But this win didn’t come without drama. Some years back, Coincheck got hit with one of the biggest crypto hacks ever—a $530 million blow. But instead of folding, they reimbursed affected users, rebuilt their rep, and came back stronger with Monex’s backing. Talk about resilience!

So why Nasdaq? It’s all about going global. Oki Matsumoto, Coincheck’s Executive Chairman, says they’re blending Japanese expertise with U.S. insane market hype to level up. The goal? Attract global investors and dominate in the competitive crypto scene.

Coincheck’s Nasdaq debut is more than a business move—it’s a statement. They’re stepping out of Japan’s borders, flexing their comeback story, and showing the world they’ve got what it takes to play in the big leagues. Coincheck isn’t just surviving; they’re thriving. Stay tuned for their next move.

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Milady NFT Holders Hit Jackpot as CULT Memecoin Skyrockets After $207M Airdrop

CULT memecoin just dropped $207M worth of tokens to Milady NFT holders, with top peeps like Aave’s Stani snagging $100K! Launched by Remilia Corp, its FDV hit $600M+ fast, hyping the NFT world. CULT’s not just a meme coin—it’s a “memeplexcoin” driving a self-organized, meme-powered movement.

CULT memecoin is the latest craze, blowing up the crypto scene with a jaw-dropping $207M airdrop for Milady NFT holders. Big names like Aave’s Stani and Dragonfly’s Tom Schmidt cashed in, scoring $100K and $150K, respectively. The top recipient? A mind-blowing $2.22M!

The hype is real. CULT launched on Ethereum last Thursday, and its FDV shot past $600M instantly, peaking at $845M before settling around $630M. Created by Remilia Corporation, the brains behind Milady Maker NFTs, CULT isn’t your average meme coin. It’s labeled a “memeplexcoin” by Remilia’s leader, Charlotte Fang, who calls it an ecosystem coin for a self-organized, memetic movement. Fancy, right?

Half of CULT’s 10B token supply fuels the “Cult Fund,” with 50% used during launch and the rest saved for future seasons. Meanwhile, 15% is locked for the team with an 18-month vesting, and the treasury holds up to 35% with a six-month lock.

The launch came with a wild twist—massive airdrops targeting Milady Maker and Redacted Remilio Babies holders. CULT isn’t just a meme token; it’s flipping the NFT and crypto game. With projects like Pudgy Penguins eyeing the meme coin scene, CULT is setting the bar high for what’s next.

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XRP Targets $2 Support as Market Correction Intensifies

XRP popped over $2.50, hyped by Ripple’s SEC progress and clearer crypto rules, but slammed into resistance at $2.40 and started dipping. Now at $2.18, it’s down 9% as whales cash out and $53M in longs got wrecked. If $2 support cracks, $1.75 could be next. Momentum’s fading fast.

XRP had a wild ride recently, blasting past $2.50 with over 400% gains from its $1 breakout. The pump came thanks to Ripple’s legal wins against the SEC and the crypto world pushing for clear rules. But then, bam — XRP hit resistance at $2.40 and started sliding.

Liquidations have been brutal. Over $53M in long positions got wrecked in just one day, while $12M in longs and $4.2M in shorts were wiped out more recently. Smaller investors are dipping out, and even whales seem to be cashing in as XRP struggles to stay afloat.

Now, all eyes are locked on the $2 mark — a do-or-die support level. If XRP falls below $2, it could freefall to $1.88 or even $1.75. Indicators aren’t looking too hot either: RSI is down to 60.65, showing fading hype, OBV signals less buying action, and the MACD says selling pressure is up.

Still, if XRP bounces back hard from $2, there’s hope to reclaim $2.50 and keep the bullish vibes alive. As of writing, XRP is down by 9% to $2.18, with market cap dropping to $124B. Can it hold the line, or is more pain coming? Stay tuned

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