Ian's Intel
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Stay ahead with crypto news & alpha.

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Ian's Intel
Coinbase's Chief Legal Officer weighs in — iampaulgrewal
From the filing:

The SEC alleges that Coinbase, through the Coinbase Platform, as well as the Prime and Wallet applications, made available for trading certain cryptoassets that are offered and sold as investment contracts, and thus as securities. (Compl. ¶¶ 102, 114).

These include, but are not limited to, 13 crypto-assets with the trading symbols $SOL, $ADA, $MATIC, $FIL, $SAND, $AXS, $CHZ, $FLOW, $ICP, $NEAR, $VGX, $DASH, and $NEXO (together, the “CryptoAssets”). (Id. ¶ 114).

With the exception of NEXO (which is available only via Wallet), all of the Crypto-Assets are available for purchase by any person who creates an account with Coinbase. (Id. ¶ 119).
KuCoin CEO announces $10m airdrop in $KCS and $BTC tokens to "users who experienced longer-than-expected wait times during the withdrawal process in the past 2 days." — lyu_johnny
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Ethena ($ENA) token launch set for April 2nd

Campaign & Airdrop Details

- Shard campaign ends on April 1st
- Any user who unstakes, unlocks, or sells all of their USDe before this date will not be eligible for the airdrop
- $ENA can be claimed on April 2nd alongside the token listing on CEXs
- The top 2,000 shard count wallets from over 90,000 eligible ENA distribution users and Pendle YT token holders will have 50% of their ENA at TGE on April 2nd. Remaining 50% vested over 6 months.
- Any unclaimed tokens or unvested tokens which are foregone by users exiting early will be re-allocated to loyal users who remain participating in Ethena
- A second season of incentives will begin immediately on 2nd April
- Users who participated in the first season who continue participating in the Ethena ecosystem will receive boosted loyalty rewards in the second season of incentives

Tokenomics

- Total Supply: 15B ENA
- Airdrop Supply: 750M ENA (5%)
- Initial Circulating Supply: 1.425B ENA (9.5%)
- Holders of SchizoPosters & Redacted Remilio Babies will be allocated an airdrop (0.15%)

The Sats Campaign

- The 2nd campaign will onboard $BTC as a collateral asset
- The campaign will run for another 5 months, until September 2nd 2024, or when USDe supply reaches $5bn, whichever comes first.

Claim Link: https://claim.ethena.fi/
Referral Link: app.ethena.fi/join/ebqa4

Full Details
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IBIT +4,716 BTC (~$+326.2 million) — pivfund2100

Bitcoin ETFs with combined +$247m net inflows today. — Farside
Bybit will list $DEGEN

- Deposits: Already open
- Listing: Upon meeting liquidity requirement
- Withdrawals: Opens on Mar 29, 2024, 10AM UTC

Tweet | Announcement
Bybit lists Ethena (ENA) on pre-market.

- Pre-Market trading for $ENA will commence on Mar 28, 2024, 10AM UTC.

Link | Trade
⚠️ Prisma Finance exploited, $8m and counting.

h/t: EXVULSEC
#AirdropAlpha
INIT Liquidity Hook on Blast

- Orbit farming Hook to maximize points farming

Referral Link | Tweet
FTX Founder SBF Sentenced in New York to 20 Years in Prison for Multi-Billion Dollar Fraud

Source: Reuters Crypto, via tier10k
If you had $100k to all-in ONE of the following memecoins until the next cycle top, which would it be?
Anonymous Poll
33%
DOGE
4%
SHIB
13%
PEPE
36%
WIF
6%
FLOKI
9%
BONK
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Biconomy announces strategic round from Borderless, Jump Capital, Consensys, Manifold Trading, among others.

Tweet
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Wormhole ($W) token launch set for April 3rd, 11:30AM UTC — Tweet
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Hyperliquid will support native spot trading, to launch $PURR memecoin.

Tweet | Ref Link
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Bitcoin ETFs with +$178.9 net inflows today, with BTCO yet to report.

Farside