Ed

Likes difficult problems.

[Arjun Sethi @arjunsethi]

The @SECGov has agreed in principle to dismiss its lawsuit against @krakenfx with prejudice—no admission of wrongdoing, no penalties, no changes to our business.

The case is over. Fairness and justice won. We can now continue to focus on innovation and growth.

This is a huge moment for crypto, the U.S., and the world. A case that should never have existed in the first place is finally behind us. The SEC’s lawsuit, which mischaracterized our business from day one, was always without merit. This dismissal confirms what we’ve said all along: regulation should be based on facts, not politics.

It’s hard to overstate the cost of all this. Years lost, millions spent, and untold stress for the team—@msantoriesq, @JonathanJachym, @JDMikeJ and so many others who fought through sleepless nights and long odds. Our founders, @Jespow and Thanh, never backed down. Winning wasn’t inevitable. But giving up was never an option.

And this isn’t just a win for Kraken.
It’s a win for our clients, the industry, and everyone building the future of financial freedom.
It’s a win for the startups that couldn’t afford to fight, the developers who kept building, and the voters who made their voices heard.

The results of this past election made something clear: Americans want crypto and blockchain to thrive.
They want alternatives to the broken legacy financial system. They want new opportunities, and they’re tired of being held back.

One of the great things about building in the United States is that we can recalibrate and get better.
It’s why my parents came here.
It’s why I remain long on the U.S. for innovation and growth.

But this fight isn’t over. This is just a step. Now, we need clear, bipartisan laws that ensure crypto can flourish here. We need to make sure this never happens again.

https://t.co/mD2pzVF78S

[ink @inkonchain]

Your USDT, Anywhere.

Ink the future with @USDT0_to ✍️ transfer your USDT today https://t.co/TwBrdVKEQT

[🧙🏼‍♂️ @MIM_Spell]

🧙🏼‍♂️!

@MIMSwap pools on @arbitrum are paying again above the 20% apy mark for USDT and USDC deposits with more than 12m in TVL!👀

Jump in those juicy yields, claim your $SPELL and participate in Abracadabra's governance and fee sharing while fuelling our leverage engine!🔥

mSPELL APY is currently sitting at around 11%, in MIM stablecoin yield!💦

[Magic Data Science @mtg_ds]

🧵The 10 𝐌𝐨𝐬𝐭 𝐂𝐨𝐦𝐦𝐨𝐧 𝐌𝐚𝐧𝐚 𝐂𝐨𝐬𝐭𝐬 𝐢𝐧 𝑴𝒂𝒈𝒊𝒄, a countdown.

But before I get to the #1 most-commonly occurring mana cost... can you guess what it is?

I'll start with #10, {1}{B}

[Grim👻💊 @ReaperGallery]

💎🔮 Alchemica go Brrrr 💸🚀

[John Palmer @johnpalmer]

every billionaire should have 1 AI company, 1 crypto company, and 1 hard tech company

picking which one to start with is just picking charmander, squirtle, or bulbasaur

[alexander @wagmiAlexander]

Not bad, but if we want to talk about underappreciated lets talk 100% protocol revenue going to $veAERO voters as voting incentives -- and each week ~13% of that being automatically compounded into $AERO and max locked each week via Relay and Flight School.

🫡

[Stablecoin Intern @Degenerate_DeFi]

@Kiryu_0x I have these for VELO, FXS, & FXN! Any specific requests?

[Stablecoin Intern @Degenerate_DeFi]

$AERO lockers so close

[USD Denominated @YouAreMyYield]

Did some digging into the $AERO holdings of Coinbase Ventures, here are some data points people might find interesting:

AERO holdings
- 7.5M veAERO (ninth biggest veAERO holder)
- 3.6M lent on Moonwell
- 4.7M vanilla
- Totaling 15.8M AERO worth 19M$ @ 1.21$ per AERO

Purchase details
- First small purchase in Dec '23: 25k$ at 7 cents
- Second purchase after Coinbase listing in Feb '24: 225k$ at 9c. After this purchase the investment is disclosed to the public and AERO price goes parabolic.
- After the price crashes from 2.2$ to 1$ in June CBV starts buying more, in total 4.7M$ worth until September
- In October it has ramped up the TWAP and is spending about 250k$ per day on AERO buys
- The TWAP contract has enough ammo to continue its buying spree for at least one more month
- Total expenditure so far is 11.3M$, so the average buy price is about 71c

AERO emissions
AERO emits about 12M$ in incentives every week at the current price. CBV holds 1.1% of the voting power and can therefore direct 120k in incentives to its preferred pools.

DeBank links in next post

[slappjakke @Slappjakke]

Really good report on $AERO and $VELO from @defi_monk at Messari

[MONK @defi_monk]

1) A Valuation of Aerodrome
Key takeaways from my latest Messari report.

@aeroxyz is winning @base with its MetaDEX model, but is it sustainable long term?

I built a model to answer this question and get to the bottom of $AERO's ve(3,3) design.

🧵👇

[Lyn Alden @LynAldenContact]

My latest article looks at corporate treasury practices, why companies have historically tended to de-capitalize themselves, and the logic behind why some companies are stacking bitcoin.
https://t.co/t0LcVemY37

[Bdg604boy @bdgcryptic]

@DeFiKingdoms Anyone ever try Triple Priest on the bad mothercluckers?
lol i had to do a retry and i lost a guy but a win is a win 😅 (lv19 Bocs)

https://t.co/wzEAPaBbBK

@stycksintern @55RellikS @MythicSquadDFK @theonlyshaneh @DFK_Tales @91_karmas

[slappjakke @Slappjakke]

The ve(3,3) expansion from $VELO to $AERO turned out to be the king maker trade this bear market

No other DEXes comes close in terms of holders revenue with over $150M in combined revenue and 100% being distributed to holders

A megathread [PART 2]

👇🧵

[Krypto_FL @Sion_Forever82]

Good dashboard - Take a look at it dear Aerodrome investors 👀

@aeroxyz

[🧙🏼‍♂️ @MIM_Spell]

🧙🏼‍♂️!

The first batch of STIP bridge ARB rewards has been deposited in the 2 new @MIMSwap pools available on @arbitrum!👇🏻🔥

MIM/USDC: 30k $ARB
MIM/USDT: 15k $ARB

Enjoy stablecoin on chain yield above the 50% Mark with rewards in both $SPELL and $ARB👇🏻

https://t.co/Aa4GfHDCGy

[alexander @wagmiAlexander]

This is becoming ridiculous.

Think about all the DEXs who promised they’d take the crown from Uniswap: Curve, Balancer, Sushi, Maverick.

Think about the millions raised and liquid tokens allocated to teams to do it.

And here we are.

[Grim👻💊 @ReaperGallery]

Couldn't resist! Shocked no one picked this up on the @aavegotchi bazaar. Rare/Myth eyes, good XP/Kin/traits, and wearables are almost worth the Gotchi's price. No worries, I'll take it, and it's now part of my crew! 😄✨

[Kraken Pro @krakenpro]

$DRIFT @DriftProtocol perpetual futures is now live and ready to trade!

Why choose Kraken Pro futures:

☑️ 30+ collateral options
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Open DRIFT perp 👇
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*Geo restrictions apply