😡Berachain’s BERA Airdrop Criticized Despite Surge

GM Defiers!

Berachain’s BERA token soared to a $1.5B market cap after its airdrop and mainnet launch, but traders are wary of its tokenomics. Meanwhile, the crypto market dipped as Bitcoin fell to $96K and Ethereum to $2,700 following Trump’s tariff pause.

Institutional interest is growing, with nearly 1 in 3 traders planning to trade crypto in 2025, per JPMorgan. Elsewhere, Solana-based DEX Jupiter faced backlash after hackers used its X account to push a scam memecoin.

✍️ In today’s newsletter:

Berachain’s BERA airdrop draws criticism
Kraken might know Satoshi’s identity, Coinbase exec suggests
CZ reveals how to launch a $40M memecoin in just hours
Pudgy Penguins burn $150 million in PENGU tokens
Ondo Finance unveils plans for RWA-focused L1
Crypto market records dip amid trade tensions
Jupiter faces backlash over security lapse
JPMorgan survey shows growing institutional interest in crypto

📈 Markets in the last 24 hrs:

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😡Berachain’s BERA Airdrop Slammed Despite $1.5 Billion Market Cap Surge

Berachain’s BERA token surged 71% to a $1.5B market cap after its airdrop and mainnet launch, but traders are questioning its tokenomics.

🚨Coinbase Executive Claims Kraken May Know Satoshi Nakamoto’s Identity

Coinbase director Conor Grogan suggests Kraken may hold clues to Bitcoin creator Satoshi Nakamoto’s identity. His research points to Nakamoto using a Canadian exchange later acquired by Kraken, which may still have KYC records.

🐧Pudgy Penguins Burn $150 Million of PENGU Tokens

PENGU token dropped 18% following Pudgy Penguins’ decision to burn 12B unclaimed tokens worth $150M.

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🏦Ondo Finance to Launch RWA-focused Layer 1 Blockchain

Ondo Finance announced Ondo Chain, a Layer 1 blockchain designed for institutional RWAs, with backing from partners like Franklin Templeton and Google Cloud.

💰CZ Shows How to Launch a $40M Memecoin in Six Hours With TST

A BNB Chain test token, $TST, meant for an educational video, unexpectedly hit a $48M market cap in 20 minutes after Binance founder Changpeng Zhao (CZ) acknowledged the “tricky situation” on X.

📉Cryptocurrency Market Posts Mild Losses Amid Trade Tensions

The crypto market recorded mild losses Thursday amid volatility from Trump’s tariff announcement and pause. Bitcoin dipped 1.3% to $96K, while Ethereum fell 3% to $2,700.

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🪐Crypto Community Blasts Jupiter Over Security Lapse in Meow Token Rug Pull

The crypto community is outraged after hackers hijacked Solana-based DEX Jupiter’s X account to promote a scam memecoin, Meow. The token briefly hit a $30M market cap before developers cashed out, leaving investors with nothing.

📈JPMorgan Survey Finds 29% of Institutional Traders Will Trade Crypto This Year

Nearly 1 in 3 institutional traders plan to trade crypto in 2025, up from 21% in 2024, according to JPMorgan’s annual e-Trading Edit survey.