The market has been pretty stagnant lately, but we’re still here to keep you updated on the latest crypto happenings. First off, the latest hype Kaito which we published on 11 December is booming! Kaito Yappers are getting richer, and there’s been plenty of other exciting developments across the space. Let’s dive right in!
1) Kaito Yappers Congratulations
Back on December 11th, Kaito launched its Yapper program, which allows crypto enthusiasts to earn points (YAPS) by creating and getting engagement on crypto-related content. This program has already garnered a lot of attention.
Here’s the Yap leaderboard, funny enough AI agent AIxbt is leading it.
The method of earning YAPS isn’t fully disclosed, but we can estimate the value of 1 YAP by considering a few factors. With around 25k YAPS being emitted daily, we can calculate the total supply of YAPS over time. It’s likely that Kaito will snapshot the YAPS on a specific date to determine how the distribution for a token airdrop will work.
For example, if Kaito does a snapshot on March 11th, we could have around 2.275 million YAPS in circulation. Assuming a $1B FDV for the KAITO token, with a 30% airdrop, YAPS could be worth around $131 each. The variables here are the snapshot date, the token FDV, and the airdrop allocation to YAPS. You can check out more on this from Ren on X here.
We love these types of airdrops, as they create new airdrop millionaires. And the most amazing thing, it required zero capital investment.
Again, congrats to all the Kaito Yappers who joined us, It’s not too late though. Go here.
2) An Anonymous Programmer Donates and Burns ETH
An anonymous programmer, “Hu LeZhi,” made headlines after burning 600 ETH and donating over 1411 ETH to charity. He also sent 133 ETH to the Ethereum Foundation with a message drawing attention to digital slavery.
In the message, Hu warned that with brain-machine chips and military control of citizens, a new form of crime is emerging. He urged the public to take this issue seriously, and if he were to become a victim, he would choose to end his life.
This donation and the strong message have caught the crypto world’s attention. For more details, check out the tweet by Loopify here.
3) Libra Coin Update: Kelsier Ventures Public Enemy #1
The saga surrounding Libra Coin continues. We previously reported on the project’s rug pull, and now the drama is unfolding further.
The project didn’t just rug by failing to lock tokens. Insiders received refunds, including Dave Portnoy, who was reportedly refunded $5 million after losing as an insider. Kelsier Ventures, which was involved, sniped their own tokens and made significant profits. CEO Hayden of Kelsier Ventures defended this practice, calling it “fair” to snipe tokens with insider knowledge.
Hayden claims Kelsier made over $100 million in profits from this, and the company was also tied to Melania’s coin launch, which similarly ended in a rug pull.
More recently, Argentine President Javier Milei found himself at the center of controversy for promoting a cryptocurrency that crashed hours after his endorsement. This led to fraud charges and calls for his impeachment. You can watch the full interview with Hayden and CoffeeZilla on YouTube here.
4) Airdrop Claims and Updates
Here’s a quick roundup of ongoing airdrop claims:
- Story Protocol: Claim is live and listed on Bybit and Coinbase.
- Opensea Token $SEA: Confirmed, and airdrop farming continues. We are not farming it tho.
- Jupiter ASR Rewards: Live for Q4 2024!
- Confidential Layer Airdrop: Allocation Checker is live!
Stay up to date with the latest airdrop opportunities on AirdropAlert! We got 9 good ones to farm for you right here.
5) Yuga Labs Sells Meebits IP
Yuga Labs, the NFT giant, has sold the intellectual property (IP) of its Meebits collection to a new company, Meebit Company (MeebCo). The acquisition aims to expand the Meebits brand, engage the community, and roll out new merchandise.
MeebCo has launched “Bits,” a reward program for users who trade Meebits on OpenSea, further incentivizing engagement and rewarding loyal users. Royalties from OpenSea trades will be split between MeebCo and content expansion. This move comes as Yuga Labs focuses on its other endeavors, continuing to drive growth in the NFT space.
6) Yuga Labs Invites Web3 to Otherside to Break a World Record!
Yuga Labs is once again inviting the Web3 community to join their mission to break a Guinness World Record for the most players in a first-person shooter battle. This will take place on February 22nd, 12 PM EST.
Project Dragon is coming next week, and the goal is to bring at least 1,531 players into the game. This is an exciting opportunity for the Web3 community, and no NFTs are required to join. All you need is a Yuga ID linked to an email address. Join the battle, and let’s make history together! Check out the official announcement here.
7) GameStop Considers Investing in Bitcoin
GameStop, the retail giant that captured the crypto community’s attention last year, is reportedly exploring investments in Bitcoin and other cryptocurrencies.
The company is currently evaluating if these investments align with their business strategy. GameStop’s CEO Ryan Cohen was recently spotted with Michael Saylor, the co-founder and chairman of MicroStrategy, a major corporate Bitcoin holder. If GameStop moves forward with crypto investments, it could be a sign of growing institutional adoption in the space.
Final Words
The crypto space continues to evolve with new projects, legal battles, and exciting developments. From the rise of Kaito Yappers to Yuga Labs’ push for a world record, the scene is buzzing with action. While the market may still be in a consolidation phase, there’s no shortage of things happening in the background. There are always airdrop updates and farms to look at. New testnet projects launching, or dozens of meme coin rugs per day to look at.
Stay tuned for more updates and make sure to stay informed about these developments as they unfold!
If you enjoyed this blog, you may want to check our other crypto news updates.
Don’t forget to claim your bonus below and See you next time!
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