Important DeFi News
The Ethereum Shanghai Upgrade went live, enabling staked $ETH withdrawals. Large full exits have been minimal, with Kraken accounting for a significant share as it shuts down its staking operations after settling with the SEC
$DINERO was announced by Redacted Cartel, a stablecoin overcollaterized by $ETH LSDs
$GRAIL launched its V2 with concentrated liquidity AMMs
ZkSync Era's TVL surpassed $100M as network activity spiked due to airdrop rumors and the mainnet launch
$RDNT's TVL reached an all-time high of $200M following its BSC launch
$STG transactions have spiked amid rumors of a potential airdrop and Layerzero's recent fundraising
Maple Finance is set to launch the US Treasury Pool, allowing international clients to gain exposure to US Treasury bonds on-chain
FTX is expected to resume operations in Q2, and $FTT spiked as a result
FTX Debtors decided to move Ren Protocol's assets into FTX cold storage wallets
The first stage of EigenLayer Testnet, built on the Ethereum Goerli network, was launched
Aevo, an options market by Ribbon Finance, was launched
Magic Eden has launched on Ethereum and introduced its Bitcoin Launchpad
Solana NFT minting costs are now lower due to its new State Compression tech
Solana dog token Bonk Inu released the BonkSwap DEX
Avalanche introduced Evergreen Subnets and launched the Cortina upgrade on its testnet
Binance US delisted $TRX amidst regulatory crackdowns
A balance of $3M $USDT held by an MEV bot exploiter was blacklisted by Tether
SushiSwap was exploited for $3.3M, with reclaimed funds from whitehats up for claim
Yearn Finance was exploited for $10M
zkSync developers found a solution to unfreeze $2M stuck in Gemholic's smart contract
Euler Finance redemptions have gone live
Adidas launched ALTS by Adidas, their own NFT collection
MetaMask added a Bridge functionality to its browser wallet
Governance Proposals
Arbitrum DAO is thinking about changing some important parts of its bylaws to improve decision-making with the AIP 1.2 proposal
Arbitrum DAO AIP 1.05 proposal to return $700M to the treasury is losing by a wide margin
Maker DAO proposes rebalancing $DAI exposure by reducing $USDC reliance and increasing $USDP and $GUSD holdings
Yearn DAO proposes launching $yETH, a token representing a basket of $ETH LSDs
Bancor is considering launching Carbon, a protocol for asymmetric liquidity and trading
Balancer DAO considers migrating pools from Aave V2 to Aave V3
Decentral Games DAO is voting to acquire a gaming license-holding Malta entity
Maker DAO proposes increasing the Purpose Fund and allocation for AI development, and partnering with Credix Finance to extend debt facilities to Latin America
Next Week's Alpha
Rocket Pool's Atlas Upgrade is scheduled for April 18th, featuring improved protocol efficiency, higher node operator rewards, and increased $rETH capacity
$veYFI is expected to launch soon, offering protocol revenue sharing with stakers, automated vaults, and improved governance
$GMX V2 will support trading synthetic assets with a revamped fee structure
LooksRare V2 migration will occur on April 13th, introducing trading rewards changes and new public API endpoints
Binance will support staked $ETH withdrawals from April 19th
$crvUSD is expected to launch soon
dYdX will end support for Canadian users on April 14th
Twitter will support the trading of stocks and crypto through a partnership with eToro
The Hong Kong Web3 Festival runs from April 12th to April 15th, featuring multiple top Chinese-related crypto projects, with potential announcements by CZ and others
News
Mt Gox repayments have started but may take some time
Texas Senate passes a bill to limit $BTC miner participation
Hong Kong's Financial Secretary says now is the "right time" for Web3 adoption
French central bank believes DeFi should be incorporated and regulated
Japan has approved a Web3 white paper to promote industry growth
Montenegro's central bank is developing a CBDC pilot with Ripple
Singapore is working with banks to provide guidance on crypto businesses
Thailand's opposition party leader promises $300 crypto airdrop if elected as PM
Namada proposes the first-ever shielded airdrop to Zcash holders
Metamask has added a "Buy Crypto" feature to their Portfolio Dapp
Etherscan has altered settings to filter out potential scams
Bitget has initiated a $100M fund to incubate Asian Web3 startups
CryptoGPT has raised $10M at a $250M valuation from DWF Labs
Razer introduces a Web3 venture fund
Metalpha in Hong Kong launches a Grayscale-based digital asset fund
Opensea stocks traded at a 51% discount on secondary markets
Bitfinex was granted the first digital asset license by El Salvador
Paxos is set to end support for Canadian customers
Robinhood is set to pay $10M to state securities regulators
Coinone employees were arrested for accepting money in return for listing crypto assets
South Korean CEX Gdac was hacked for nearly $13M
Tweets of the Week
Arbitrum AIP 1.05 Analysis by An Ape's Prologue
Token Incentives Overview by Kofi