Friday🌑Web3 Buzz: Bitcoin ETFs, Airdrop Rewards, Token Mergers, and Cyber Scams Unveiled

Happy Friday! The digital frontier is buzzing with breaking updates that are reshaping the Web3 landscape. From Trump-linked ETF filings and massive airdrop incentives to cybersecurity breaches and token mergers, today’s highlights capture the pulse of innovation and intrigue in the decentralized world. Whether you’re a crypto enthusiast or a blockchain buff, these stories showcase the opportunities and challenges in this ever-evolving space. Dive in as we unpack the latest developments and offer insights to keep you ahead of the curve. The Web3 revolution is here—are you ready to explore? Let’s get started!

1. Trump-linked Strive files for a ‘Bitcoin Bond’ ETF 💰

Strive, founded by Trump ally Vivek Ramaswamy, has filed for a Bitcoin Bond ETF with U.S. regulators. The fund aims to invest in convertible bonds issued by MicroStrategy and other corporate Bitcoin buyers. These “Bitcoin Bonds” allow companies to channel proceeds into Bitcoin purchases. MicroStrategy, led by Michael Saylor, has acquired $27 billion in Bitcoin since 2020, significantly boosting its stock value. Ramaswamy’s close ties to President-elect Trump, who supports pro-crypto leadership, have sparked optimism for regulatory approval of several pending crypto ETFs. With Trump’s win, the crypto industry anticipates a favorable environment for innovation and broader adoption.

Trump-linked Strive files for ‘Bitcoin Bond’ ETF

Strive Asset Management, founded by Vivek Ramaswamy, has asked for permission to list an ETF seeking exposure to convertible bonds issued by MicroStrategy and other Bitcoin buyers.

CointelegraphAlex O’Donnell

2. Jupiter launches 200M JUP rewards in the Jupuary airdrop 🎁

Jupiter DEX has unveiled the structure for its highly anticipated Jupuary airdrop, distributing a total of 700 million JUP tokens to both long-time and new users. The plan allocates 500 million JUP as fixed rewards per eligible wallet, while the remaining 200 million JUP will be distributed through a dual system of “carrot” and “good cat” incentives. This draft plan, subject to further community discussion, introduces tiered rewards favoring active traders over passive stakers, with criteria such as wallet activity and trading volume. While Jupuary aims to reward ecosystem participants, concerns remain about its potential impact on JUP’s market price.

Jupiter to award 200M JUP as variable rewards and incentives during Jupuary airdrop | SOL USDT | CryptoRank.io

The next Jupuary event will spread more JUP to active users, especially regular and professional traders. Only 75M out of 700M JUP will go to passive stakers.

CryptoRankCryptoPolitan

3. Animoca’s Yat Siu’s X account exploited for fake tokens 🚨

Animoca Brands co-founder Yat Siu’s X account was hacked and used to promote a fake token called MOCA on the Solana blockchain. The company quickly issued a warning, stating that it was not launching any official token or NFT. The hack is believed to have occurred through a phishing email related to copyright infringement. While the hacker used Siu’s account to post about the fake token, Animoca assured that their official handles and the Moca Network were secure. X is working on verifying ownership of Siu’s account. The hacker has also been linked to creating NFT collections and using Pump.fun.

Animoca Brands Founder Yat Siu’s X Account Exploited to Promote Fake MOCA Token

The fake MOCA token on Solana exploited Animoca’s links to Mocaverse and the Moca Network.

CoinDeskSheldon Reback

4. Bitget merges BWB & BGB tokens into one 🔗

Bitget has announced the merger of its Wallet Token (BWB) with its native Bitget Token (BGB), causing a 30% surge in BGB’s price. This strategic move aims to create a unified ecosystem, integrating on-chain and off-chain activities. The merger will streamline Bitget’s services, enhancing the token’s utility and expanding its role in real-world transactions via PayFi in 2025. BWB holders will exchange their tokens for BGB at a specified rate, and the merger is expected to boost market presence and liquidity. Bitget’s vision includes making BGB a versatile token for everyday use, from shopping to travel.

BGB Price Rockets 30% Amid Bitget Token Merger Announcement, Here’s All

Bitget said it will merge the Bitget Wallet Token (BWB) with Bitget Token (BGB), creating a unified toke, pushing prices higher

CoinGapeCoingape Staff

As the Web3 world continues to evolve, every day brings fresh opportunities and challenges. From groundbreaking ETF filings to innovative airdrops and cautionary tales of cybersecurity, today’s buzz highlights the dynamic nature of this ecosystem. Staying informed is the key to thriving in this fast-paced space, and we’re here to bring you the stories that matter most. Let’s navigate the future of Web3 together—stay curious, stay secure, and stay ahead!

WEB3 AI ML