Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. Crypto.com’s $10M Golf Bet: Crypto.com is hosting a historic golf tournament on Dec. 17 at Shadow Creek Golf Course, offering a $10 million purse in Cronos (CRO) tokens.

2. Scroll Denies Accusations: Scroll’s SCR token dropped 32% after its controversial airdrop, with accusations of insider token dumping.

3. 📈Technical Analysis Masterclass - Earn rewards in Web3 by staking SUI tokens on Bybit. Watch UseTheBitcoin’s latest Youtube video “Stake SUI on Bybit for Easy Rewards” to see the simple step-by-step guide to get started or join our Official Telegram Channel for more alpha!

4. XT.com Halts Withdrawals: Seychelles-based exchange XT.com suspended withdrawals after a suspected $1.7 million hack.

5. 💡Feature of the Day - Fortnite Pro Memecoin Scam: Investigator ZachXBT linked ex-Fortnite pro "Serpent" to memecoin scams stealing $3.5 million.

   
   All this and more in today’s headlines!

📰 News Highlights:

Crypto.com’s $10M Golf Bet [Source][Source][Source]

Crypto.com is set to make history with the first-ever golf tournament offering a $10 million cryptocurrency purse, paid in its native Cronos (CRO) token.

Scheduled for Dec. 17 at Las Vegas' Shadow Creek Golf Course, the event features PGA Tour stars Scottie Scheffler and Rory McIlroy competing against LIV Golf rivals Brooks Koepka and Bryson DeChambeau.

It will be televised on TNT, expanding the exchange’s growing list of partnerships across Formula 1, UFC, and FIFA.

However, as with other high-profile collaborations, it raises questions about risks and controversies tied to crypto sponsorships in mainstream sports.

Scroll Denies Accusations [Source][Source]

Scroll’s SCR token dropped 32% on its first day of trading after a controversial airdrop sparked allegations of insider token dumping.

Rival blockchain figures accused Scroll of granting large allocations to core team wallets, undermining community trust.

Scroll co-founder Sandy Peng responded, attributing the allocations to decentralized exchange liquidity and acknowledging past missteps.

To rebuild confidence, Scroll announced plans for a follow-up airdrop while undergoing structural changes.

 📈Technical Analysis Masterclass:

Stake SUI on Bybit for Easy Rewards

Step 1: Transfer SUI Tokens

• Deposit SUI: Transfer SUI tokens to your Bybit funding account. For this guide, 15 SUI is transferred (10 SUI for staking and extra for fees).

• Wallet Deposit: Withdraw the tokens and deposit them into your Bybit seed phrase wallet.

• Copy Wallet Address: Paste the wallet address when prompted and confirm the transaction.

Step 2: Complete Security Confirmation

• Verification: Bybit may require email and text confirmation for first-time transactions. Follow the prompts to proceed.

Step 3: Refresh and Fund Your Wallet

• Check Balance: Refresh the website after the transfer. Once your wallet balance appears, you're ready to stake.

Step 4: Stake Your SUI Tokens

• Staking Amount: Stake a minimum of 10 SUI tokens.

• Transaction Fees: Ensure sufficient funds to cover fees.

• Complete Subscription: Follow the staking process to finalize.

XT.com Halts Withdrawals [Source][Source][Source][Source]

XT.com has suspended withdrawals following a suspected $1.7 million hack involving abnormal wallet activity.

While the Seychelles-based exchange reassured users their funds remain secure, blockchain analysts traced stolen assets to an Ethereum wallet, heightening concerns about centralized exchange vulnerabilities.

The platform is now pledging greater transparency, including a Merkle tree proof of reserves by mid-December, to address trust issues.

💡 Feature of the Day: 

Fortnite Pro Memecoin Scam [Source][Source]

Blockchain investigator ZachXBT has linked a former professional Fortnite player to memecoin scams that stole $3.5 million.

The ex-gamer, known as Serpent, allegedly exploited hacked accounts belonging to celebrities and brands like McDonald’s and Usher to promote fraudulent Pump.fun tokens.

Evidence ties Serpent’s wallet to stolen funds, which he reportedly gambled at online casinos.

Today’s Sponsor:

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😂 Crypto Meme of the Day: 

Meme of the day provided by @TheBTCTherapist

And that’s it for this today.

Buy, sell, store, and convert crypto with today’s sponsor Gemini, full-reserve and highly-regulated cryptocurrency exchange and custodian!

See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com