Thruster has announced Airdrop of 35M THRUST tokens to 135K users
Thruster will be airdropping 35M $THRUST (7% of total token supply) to 135K qualifying users of the protocol. The airdrop is distributed in two parts: 50% will be unlocked THRUST and 50% will be veTHRUST which is min-staked for 13 weeks.
Users who were eligible were based on whether: provided liquidity on eligible and productive pools, traded either WETH or USDB tokens into an eligible pool, were involved in sponsored credit campaigns and passed sybil checks.
Thruster is a decentralized degen-first native DEX bringing DeFi built on the Ethereum Layer 2 network Blast, with $171M in TVL. Previously, it raised $7.5M in a seed funding round backed by Pantera Capital, OKX Ventures, ParaFi Capital, Mirana Ventures and others.
🔗 blog.thruster.finance/Introducing-THRUST-ffd9f3c7897d4cfdae9c1d8e722f2bb5
XION has announced an integration with Mercle
XION has integrated with Mercle, a decentralized identity platform. Through its integration, Mercle is bringing a new dimension of self-sovereign identity management to the ecosystem. Moreover, leveraging XION’s Chain Abstraction, users can now seamlessly carry their digital identities and reputations across various blockchains and applications.
XION, built by Burnt, is an L1 chain that is purpose-built for consumer adoption. Burnt has raised $36M in three funding rounds (last at a $500M valuation) backed by Multicoin Capital, Animoca Brands, Morningstar Ventures, Sfermion, HashKey Capital, Arrington Capital, Circle Ventures, GoldenTree and others.
🔗 xion.burnt.com/blog/xion-ecosystem-mercle-launch
ZAP has announced Community Airdrop with 1% of token supply as rewards
ZAP $ZAP announces its community airdrop, of 3.5M $ZAP tokens (1% of token supply). Users will be rewarded based on several criteria including XP accumulated on ZAP chapters, valid bug reports, and testnet activity. The snapshot was taken on October 1st. Previously, ZAP has launched IDO on Bybit Web3 until October 9th. IDO price is $0.042. IDO hardcap is $150K.
Users can claim tokens via ZAP dashboard at TGE 👉 partner.bybit.com/b/zap
ZAP builds a reputation-based token distribution protocol on Base and Blast, an Ethereum L2 with a native yield and $1.17B in TVL. It raised $15.1M in total funding via vault sale and two rounds backed by Rarestone Capital, Cypher Capital, Sharding Capital, and others.
🔗 changelog.zap.tech/updates/zap-community-airdrop
Grass has closed Series A round led by Hack VC
Grass, a DePIN focused on verifying internet data, has closed a Series A round led by Hack VC. Other investors in the round include Polychain, Delphi Ventures, Lattice and Brevan Howard Digital. Grass, the flagship product of Wynd Network, revolutionizes internet connectivity by enabling users to monetize their unused network resources. Previously, it raised $4.5M in two funding rounds backed by Tribe Capital, Bitscale Capital, Big Brain Holdings, No Limit Holdings, Mozaik Capital and others.
🔗 x.com/getgrass_io/status/1837497207798616248
Crypto exchange BingX is hacked - around $43M in assets stolen
BingX, the Singapore-based crypto exchange, suffered a security hack on its hot wallet, resulting in a significant loss of funds. Security analysts at PeckShield noted that the incident resulted in an estimated loss of $43M in assets, though the exchange describes it as "minor" and manageable. Withdrawals have been put on hold as part of an emergency plan to prevent further damage.
🔗 theblock.co/post/317448/crypto-exchange-bingx-faces-an-estimated-43-million-security-exploit-peckshield
Binance [BNB] has unveiled SOL liquid staking token - BNSOL
Binance has introduced BNSOL - Binance $SOL liquid staking token. BNSOL allows users to continue earning staking rewards while keeping the flexibility to trade, lend, or utilize their assets across various Binance products and external DeFi platforms.
Each BNSOL represents 1 staked SOL plus the accumulated staking rewards. Over time, as SOL staking rewards accumulate, the value of 1 BNSOL progressively exceeds that of 1 SOL.
Users can withdraw their BNSOL to their Web3 Wallet and explore Solana protocols that have integrated with BNSOL, such as Kamino, Solayer, Drift, Orca, Meteora, MarginFi, Raydium, Sanctum, Save, Jupiter, and Pyth. Current $BNB price is $544. Current FDV is $79.4B.
🔗 binance.com/en/support/announcement/binance-introduces-bnsol-earn-sol-staking-rewards-and-unlock-liquidity-on-solana-de5969a9c20f42088fcf039101370e15
Huma Finance has raised $38M in Series A and Liquidity funding rounds
Huma Finance has raised $38M via Series A funding and liquidity funding. The equity round was led by Distributed Global. Other investors in the round include Hashkey Capital, Circle, ParaFi, Robot Ventures, Fenbushi Capital, Folius Ventures, Anagram, Race Capital, and TIBAS Ventures.
Part of this raise came as investments into high-yield real-world assets on the platform. For the RWA component, Stellar Development Foundation was the largest participant, dedicating $10M.
Huma Finance is the first Payment Financing (PayFi) network that payment financing by utilizing real-world assets to deliver instant liquidity. In 2023, it has raised $8.3M in seed funding backed by Race Capital, Distributed Global, ParaFi, Circle Ventures, and Robot Ventures.
🔗 blog.huma.finance/huma-raises-38m-to-hyper-scale-its-payfi-network
Gunzilla Games [GUN] has released Off the Grid soundtrack from Grammy winner Lorne Balfe
Lorne Balfe, a Grammy winning composer and musician, has created music for an official soundtrack for Off the Grid game. The OST is now available on Spotify, Apple Music and other platforms. Off the Grid is a next-gen cyberpunk-styled F2P battle royale game built on the GUNZ blockchain, and coming to PlayStation 5, XBOX, and PC.
Previously, Gunzilla Games has unveiled the OTG Pioneers Program. It will provide the exclusive opportunity to community members to play Off The Grid game pre-release and get exclusive rewards crafted specifically for members.
Gunzilla Games is a game developer behind ‘Off The Grid’, a AAA Battle Royale and gaming-focused blockchain GUNZ. It has raised $76M in two funding rounds backed by CoinFund, Blizzard Fund, Morningstar Ventures, Republic Capital and others.
🔗 x.com/playoffthegrid/status/1831995766983774360
Microsoft-backed Space and Time has raised $20M in a Series A funding round
Space and Time Labs has secured $20M in a Series A funding round co-led by Framework Ventures, Lightspeed Faction, Arrington Capital and Hivemind Capital. Other investors in the round include M12 - Microsoft's Venture Fund, DCG, F-Prime Capital, OKX Ventures, Circle Ventures and Alumni Ventures.
Space and Time released Proof of SQL in June, calling it the first sub-second zero-knowledge coprocessor that unlocks trustless data processing at scale.
Space and Time aspires to provide developers with data, tools and infrastructure capable of improving the development of applications "at the intersection" of artificial intelligence and blockchain. In 2022, it raised 30M in seed and strategic funding rounds backed by M12 - Microsoft's Venture Fund, P2 Ventures, SamsungNext and others.
🔗 x.com/SpaceandTimeDB/status/1828419534941733216