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? The Dinarian on Locals brings you the latest in news, interviews, in-depth conversations, and stories from across the blockchain and global communities—within and beyond cryptocurrency ?. Experts delve into how blockchain technology is reshaping industries, enhancing business networks ?, transforming transaction workflows, and advancing distributed ledger systems ??. We also explore intriguing topics that may venture into the realm of conspiracies—and so much more!
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Sonic Points Simplified — How To Qualify for 200 Million S Airdrop 🪂🪂🪂

We’re excited to share new details about the ~200 million S airdrop and its innovative points system. Designed to boost liquidity on Sonic and strengthen its ecosystem, our points program will help position Sonic as a premier hub for DeFi enthusiasts and users seeking to maximize the potential of their assets.

To qualify for the airdrop, you’ll need to earn Sonic Points by holding and using whitelisted assets across a variety of DeFi apps. These points will be distributed over multiple seasons as NFT positions, ensuring long-term sustainability and preventing sudden shifts in supply. The first season began with Sonic's launch and will conclude in June 2025.

Our airdrop dashboard will go live within the next few days, allowing you to track the points you've been earning on Sonic since its launch. Continue reading to find out how to keep earning points.

— How To Earn Points
— Whitelisted Assets
— Airdrop Dashboard

💡Hold or deploy whitelisted assets. Earn points for the airdrop.

How To Earn Points — 3 Methods

1. Passive Points — Hold Whitelisted Assets
Users can earn passive points by holding whitelisted assets directly in their Web3 wallets, such as Rabby or MetaMask, including hardware wallets. Assets held on centralized exchanges are not eligible.

2. Activity Points — Deploy Whitelisted Assets on Apps

Users can earn activity points by deploying their whitelisted assets as liquidity on participating apps, adding to the passive points they already earn. A list of apps in the points program will be available on the airdrop dashboard, but you can already confirm with each app whether they're participating.

The first two ways of earning points — passive and activity — are unrelated to which apps you use. As long as you’re holding whitelisted assets or deploying them as liquidity on any app, you’ll earn points.

However, there’s a third way you’ll be earning points if you’ve deployed your assets as liquidity on an app: points from the apps themselves.

3. App Points (Gems) — Earn Further Allocation

The S airdrop includes a developer-focused portion, where apps compete for an airdrop allocation known as Sonic Gems. Apps can redeem these Gems for S tokens, which they can then distribute to their users however they want.

To decide how these S tokens are distributed to their users, each app will run its own independent points program, entirely at its discretion. The app may consider various things, such as the amount of liquidity a user has deployed, the duration of deployment, and the specific pools to which a user has added liquidity.

As a user, you’ll be earning passive and activity points regardless, so now your goal is to identify which app has the points program that will offer the highest return for your liquidity. The challenge lies in maximizing your overall rewards by combining the yield earned from providing liquidity with the points earned from the app's points program.

📱
Follow Sonic Ecosystem on X for updates on apps with their own points programs.
Whitelisted Assets

To qualify for the S airdrop, you must hold or use the whitelisted assets listed in the table below. Assets with higher multipliers will grant more points than those with lower multipliers.

Some whitelisted assets are boosted in the first 3 months after Sonic’s launch to encourage their usage and attract more liquidity to Sonic. After this period, we may choose to extend the boost or reduce it.

Please note that the whitelisted assets and their multipliers are subject to change. S tokens staked through MySonic are not eligible for points. Users who wish to stake can instead use stS by Beets, a liquid staking token.

💡 scAssets are provided by Rings, and a detailed explanation of these assets will be released in an upcoming article in the next few days.

Disclaimer: Sonic Labs makes no guarantee to the safety or peg of third-party assets. Use them at your own risk.

Airdrop Dashboard

The Sonic airdrop dashboard will launch soon, on which you can track the points you’ve earned and far more. Follow us on X to be the first to know when it launches.

https://blog.soniclabs.com/sonic-points-simplified-how-to-qualify-for-200-million-s-airdrop/#whitelisted-assets

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thedinarian@thedinarian
January 07, 2025
🚨 BREAKING: Ripple President Discusses $RLUSD's Enhancing Effect on XRP Ledger on Bloomberg 💸

"Institutional demand for RLUSD and XRP is experiencing significant growth," stated Monica Long, Ripple's Senior Vice President. 📈 "We anticipate the launch of an XRP ETF in the near future" and "XRP is poised to take center stage."

🤔 Will RLUSD surpass USDT as the leading global stablecoin 2025 and beyond?

00:07:13
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thedinarian@thedinarian
January 07, 2025
🇺🇸 IRS: TAXES ARE VOLUNTARY💯% FACT

“And if the public doesn’t see that the IRS is enforcing the law, we will see a decline in those willing to VOLUNTARILY comply.” (Words mean things) ~The Dinarian

00:00:29
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thedinarian@thedinarian
January 06, 2025
🚨 XRP Strategic Reserve Rumors Heat Up! 🚨

🔥 For the second time, whispers of a USA XRP Strategic Reserve are making waves!⚖️ With the SEC case resolved, an XRP ETF on the horizon, and this massive hint, could XRP's role in the U.S. financial system be about to explode?

⚠️2025 the year of XRP! 💥

00:02:11
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thedinarian@thedinarian
October 31, 2024
👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading
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thedinarian@thedinarian
January 09, 2025
US Court Greenlights Sale of $6.5B in Seized Silk Road Bitcoin

The ruling does not ensure immediate liquidation of the seized Bitcoin, as federal asset forfeiture requires several administrative processes.

The U.S. government has secured final approval in the Northern District Court of California to liquidate crypto's largest-ever federal seizure, signaling the closure of a complex four-year legal battle over billions in Bitcoin tied to the infamous Silk Road marketplace.

Chief U.S. District Judge Richard Seeborg denied a motion to block the forfeiture of 69,370 Bitcoin, clearing the Department of Justice to sell the $6.5 billion assets, according to a court document filed December 30.

Judge Seeborg is known for high-profile cases. He recently rejected arguments that Google, under Alphabet, adequately disclosed how it tracked user activity. The tech giant now faces a possible trial in August.

It's unclear why the document relating to the seized Bitcoin has surfaced this week. The DOJ has declined a request for comment.

The development confirms prior ...

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thedinarian@thedinarian
January 09, 2025
$7.2 Billion Worth of Tokens To Be Unlocked in January 🔓

The following notable token unlocks will happen in January:

$APT $111.41M
$CIRX $108.35M
$ARB $86.42M
$OP $67.29M
$RON $66.89M
$MOVE $53.35M
$UXLINK $36.73M
$IMX $35.59M
$JTO $35.04M
$STRK $32.66M

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thedinarian@thedinarian
January 08, 2025
DTCC plans to double down on digital assets work in 2025 🗓

The DTCC plans to expand its work in the digital assets field during 2025. In late 2023 the DTCC acquired Securrency, a firm that developed institutional DLT-based infrastructure, which became DTCC Digital Assets. At the end of last year it unveiled the DTCC Digital Launchpad, a sandbox in which industry can experiment.

“DTCC will continue to serve as a strategic partner to the industry by advancing acceptance and adoption of digital assets, focusing on opportunities to tokenize collateral and funds, and leveraging our existing clearing and settlement capabilities to facilitate the listing of digital funds on exchanges as well as secondary trading,” said Frank La Salla, President and CEO of DTCC.

The mention of collateral and funds references some of the progress so far. Before its acquisition, Securrency’s trophy client was WisdomTree, the asset manager that now lets you pay for a coffee using a tokenized money market fund. WisdomTree continues to use DTCC Digital Assets technology post acquisition.

...

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thedinarian@thedinarian
January 07, 2025
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CFTC Chair Behnam Makes Departure Official, Stepping Down on Inauguration Day
Like Securities and Exchange Commission Chair Gary Gensler, CFTC chief Rostin Behnam will exit his job on the day that Donald Trump takes the oath of office.

What to know:

  • CFTC Chair Rostin Behnam has announced a January 20 departure from his chairman role.
  • Once he steps down on the same day as Securities and Exchange Commission Chair Gary Gensler, the two top U.S. markets regulator jobs will be open for appointment from the next president.

With a formal departure announcement from U.S. Commodity Futures Trading Commission Chairman Rostin Behnam, January 20 is now the official last day of both heads of the U.S. markets regulators.

Behnam joins Securities and Exchange Commission Chair Gary Gensler on choosing the very last day of the administration of President Joe Biden as their final day running their respective agencies. As President-elect Donald Trump is again sworn in, his new administration will have fresh vacancies atop those commissions.

"We have welcomed new opportunities to modernize, build capabilities, and, with the support of the Congress, incorporate the innovations shaping our markets," he said in a Tuesday statement about his exit, first from the chairmanship and later – next month – from the commission itself. Behnam noted that the CFTC under his tenure "responsibly engaged new entrants to support innovation."

He leaves the CFTC on the cusp of what's likely a future ascension to take over regulation of crypto spot markets, including the trading of bitcoin (BTC). In most of the legislative efforts that sought to establish U.S. rules of the road for the crypto sector, the derivatives watchdog takes a leading role. Behnam's Republican replacement will likely steer that new assignment if Congress finally approves a bill.

While Behnam's agency got some credit from the crypto sector for being more reasonable than the SEC, it was also responsible for some of the heaviest enforcement actions against digital assets businesses.

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thedinarian@thedinarian
January 07, 2025
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Correlation Between Bitcoin and U.S. Stocks Reemerges: Van Straten
The renewed correlation poses a short-term risk for bitcoin prices, according to an analyst.

What to know:

  • A divergence between bitcoin and the S&P 500 began following the election of Donald Trump, but the two asset classes have recently begun moving more in tandem.
  • While macro factors like the interest rate outlook may have held back stocks over the past two months, a more favorable political outlook and things like declining exchange balances have boosted bitcoin, said one analyst.
  • The renewed correlation of late could pose a short-term risk for bitcoin.

Since the November 5 election of Donald Trump to the U.S. presidency, bitcoin (BTC) is up around 47%, sharply outperforming the S&P 500's 4% advance.

The incoming president, of course, has made clear his friendliness towards bitcoin and crypto. Also worth consideration is the Republican sweep of the Senate and House of Representatives, where laws that might affect crypto will ultimately be passed.

Andre Dragosch, Head of Research at Bitwise in Europe, spoke exclusively with CoinDesk about other factors affecting the divergence between bitcoin and stocks.

"My view on bitcoin versus S&P 500 is that the stock market has been negatively affected by the Fed's hawkish rate cut in December," said Dragosch. 

 

"The Fed revised its planned rate cuts for 2025 to 2 rate cuts only, less than previously telegraphed and also less than previously anticipated by traditional financial markets".

At the same time, the DXY index, which measures the value of the U.S. dollar against a basket of the major currencies, is up 5%, putting further pressure on risk assets. That might typically include a hurt on bitcoin, but Dragosch explains that it held up relatively well thanks to other factors, the ongoing bitcoin supply deficit on exchanges being among them. "Bitcoin exchange balances have continued to drift lower despite profit-taking," he continued.

 
Of late though, bitcoin and the S&P 500 have again begun moving closely together, their correlation hitting 0.88 (with 0 being no correlation and 1 begin absolute correlation) over the most recent 20-day moving average.

 

"While on-chain factors will likely provide a significant tailwind at least until mid-2025, the deterioration in the macro picture could pose short-term risks for bitcoin as well, especially on account of the still relatively high correlation with the S&P 500," Dragosch concluded.

 

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thedinarian@thedinarian
January 07, 2025
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Ripple Aims to Boost RLUSD Stablecoin's DeFi Utility with Chainlink Standard
Chainlink will provide crucial pricing data for Ripple's U.S. dollar stablecoin on the Ethereum blockchain.

What to know:

  • Ripple adopts Chainlink's services to boost its U.S. dollar stablecoin's utility across decentralized finance (DeFi) protocols.
  • Ripple USD (RLUSD) was rolled out to the broader public last month on Ethereum and XRP Ledger, and currently has a $72 million market capitalization.
  • "By enabling seamless functionality across DeFi, RLUSD is well-positioned to support a growing range of use cases in decentralized financial systems," Jack McDonald, senior vice president of stablecoin at Ripple, told CoinDesk.

Ripple, an enterprise-focused blockchain service closely related to the XRP Ledger (XRP), said Tuesday that it will use data provider Chainlink's (LINK) services to better integrate its RLUSD stablecoin with decentralized finance (DeFi) applications.

This feature, which went live today on the Ethereum blockchain, allows developers to incorporate RLUSD into DeFi protocols for trading, lending and other activities.

The company rolled out its U.S. dollar-pegged RLUSD stablecoin to the broader public on Ethereum and the XRP Ledger networks last month. Currently, the token has a $72 million market capitalization, according to CoinGecko data.

By adopting the Chainlink standard, Ripple aims to accelerate RLUSD adoption across decentralized finance (DeFi) and boost its appeal for secure, low-cost cross-border payments. DeFi applications often require reliable pricing data to manage risks associated with stablecoin use. Chainlink’s infrastructure, which have facilitated over $18 trillion in transaction value according to the protocol, bridges this gap.

"By enabling seamless functionality across DeFi, RLUSD is well-positioned to support a growing range of use cases in decentralized financial systems," Jack McDonald, senior vice president of stablecoin at Ripple, told CoinDesk.

"Integrating Chainlink Price Feeds provides RLUSD with the essential infrastructure it needs to deliver accurate and decentralized pricing data to DeFi applications", he added.

 

"This ensures that protocols using RLUSD for a broad range of financial activities can operate reliably and transparently."

 

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