Important DeFi News
BlackRock has filed for a Spot Ethereum ETF and appointed Coinbase as the custodian. Grayscale has also applied to convert its $ETHE trust into an ETF.
After the Beta launch of dYdX Chain, it was announced that $DYDX stakers will receive all dYdX V4 trading fees, cementing its position as a real yield DeFi blue chip.
The Arbitrum Proposal to backfund successful STIP proposals that weren't eligible for the grant initially was approved with major support. A total of 21.4M $ARB will be distributed among 26 projects — Gains Network, Synapse, and Stargate being the most notable ones
Pyth Network increased Retrospective Airdrop coverage to DeFi users with 55M additional tokens from the previously announced 200M $PYTH tokens.
OKX has announced X1 Network, an ETH L2 built on Polygon's CDK with $OKB as its native token to pay for gas fees.
Jupyter Exchange, Solana's main DEX, announced an airdrop with 10B $JUP tokens distributed to 955k wallets.
JP Morgan's Onyx blockchain unit is testing an automated portfolio management program on Avalanche and utilizing Layer Zero's technology.
Parallel, a web3 game, has been approved for the Epic Games Store.
CowSwap has introduced Programmatic Orders, enabling automated order execution based on pre-determined parameters.
Raft Protocol experienced a $6.7M hack, where the attacker minted uncollateralized $R stablecoin and then swapped it to $ETH. However, he sent the funds to the null address, effectively burning them.
During the past week, DWF Labs has partnered with multiple crypto projects such as Gala Games, Kava Chain, Polytrade Finance, and Litentry.
Vertex Protocol, a Hybrid Orderbook-AMM DEX on Arbitrum, has launched its Liquidity Boostrapping Auction program until November 20th, marking the official launch of its $VRTX token
Alfred, a Telegram bot for executing token swaps on Ethereum and developed by a co-founder of Flashbots, was announced.
Poloniex, an exchange owned by Justin Sun, was hacked for $125M. Affected users will reportedly be fully reimbursed.
Pika Protocol has retired the $PIKA token. Holders can now redeem their tokens for $ETH at a rate of 0.0001632 over the next six months.
Near Protocol partnered with Eigenlayer to create a fast finality layer for Ethereum Rollups with up to 4000x lower transaction costs.
Polygon Labs has announced Polygon Village 2.0, a $100M grant program aimed at supporting crypto startups.
Filecoin has announced InterPlanetary Consensus, a new technology that is infinitely scalable, highly customizable, and dynamic.
Ankr announced Rollup as a Service for Optimism Chains during Devconnect, enabling easy creation and deployment of OP Chains.
Governance Proposals
Sushi has proposed new tokenomics on Snapshot until November 24th, featuring incentivized long-term holding, stable APR emissions, and quadratic governance voting.
Following the $6.7M exploit, Raft Protocol has drafted a compensation plan to distribute roughly 4M $DAI to impacted users.
$ATOM halving proposal to set the maximum inflation rate to 10% is up for voting on Snapshot until November 25th
Synthetix Spartan Council is currently discussing turning off $SNX inflation.
1inch DAO has proposed to swap all $ARB tokens, worth $3M, to $USDC and Bridge the funds to Ethereum.
Lido DAO is discussing the implementation of a community staking module.
Lyra DAO is discussing its V2 tokenomics, with enhanced $LYRA utility, governance, and economic model.
News
Spot Bitcoin ETF applications were delayed, with expectations of batch approvals by January 10.
Hashdex's application to convert its Bitcoin futures ETF to an ETF holding spot $BTC was delayed.
BlackRock has applied to register a new entity called iShares Ethereum Trust in Delaware.
China's biggest game and board company has recently announced that it has purchased $90 million worth of $BTC and $ETH.
Taproot Wizards, a Bitcoin Ordinals NFT project, raised $7.5M intending to become the next Yuga Labs.
Ryan Wyatt, former President of Polygon Labs, was hired as Chief Growth Officer at Optimism.
A judge approved a plan using a mining firm to repay creditors of Celsius.
$FTT surged 80% after Gary Gensler reportedly mentioned the possibility of an FTX reboot.
Circle released its v2.2 upgrade for $USDC and $EURC stablecoins.
Certik discovered a significant vulnerability in Solana's Saga phone.
Hex Trust, an institutional crypto custodian, obtained a full license in Dubai.
UBS allowed wealthy clients to trade crypto futures ETFs.
Fnality, a blockchain payments company, raised $95M in a funding round led by Goldman Sachs.
HSBC announced a Tokenized Securities Custody Service for institutional clients.
Binance launched Binance Web3 Wallet, a self-custodial crypto wallet integrated into its app.
FTX sued Bybit Crypto Exchange to recover assets worth $953M.
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