WAO ART #298

Solana-based DeFi platform Jito has launched a highly anticipated airdrop, giving away $225 million worth of free tokens to Solana users. The airdrop is seen as an important development for Solana DeFi users, with over 54 million tokens already claimed.

The Palau Ministry of Finance and Ripple Labs have shared the results of the Palau stablecoin project's phase one pilot. The pilot involved 168 volunteers and resulted in the minting of 20,000 Palau stablecoins (PSC), which were distributed to participants.

Venture capital firm Andreessen Horowitz (a16z) has published its "Big Ideas" report, outlining predictions for cryptocurrency trends in 2024. The report highlights the mission of decentralization, advancements in user experience, the importance of an open-source modular tech stack.

Tether has partnered with the government of El Salvador to create a citizenship-by-investment program called the "Adopting El Salvador Freedom Visa Program." Investors will deposit $1 million in BTC or USDT, with a non-refundable fee of $999. The program aims to attract wealthy individuals.

China and Egypt have signed a cooperation agreement to work together on the construction of a China-led moon base, known as the International Lunar Research Station (ILRS). The agreement includes collaboration on the design of the lunar station, space missions, development of space systems.

Montenegro's Justice Minister, Andrej Milović, has confirmed plans to extradite Do Kwon, the founder of Terraform Labs, to the United States. Kwon is facing charges related to the collapse of his TerraUSD stablecoin and Luna token in May 2022. He was captured in Montenegro in March.

China and Singapore have announced a pilot program that will allow tourists from both countries to pay with the digital yuan when traveling. The Monetary Authority of Singapore and the Digital Currency Institute of the People's Bank of China will collaborate on the project.