Important DeFi News
Chainlink staking v0.2 has gone live, expanding the pool size to 45M $LINK. Existing stakers have priority to migrate their staked $LINK before early access users on December 7th and the general public on December 11th
$DYDX has launched trading on the dYdX Chain, featuring a six-month $20M $DYDX Launch Incentives program and daily trading rewards of 50k $DYDX worth $162k. They are also set to unlock 84.4% of circulating supply worth $488M today
Cosmos has capped $ATOM inflation at 10%, prompting Cosmos co-founder Jae Kwon to propose forking the network and launching a new token named $ATOM1
KyberSwap has been exploited for $47M and recovered approximately $4.7M. The team has offered a 10% bounty to the hacker but have been counter-offered, with the hacker demanding complete ownership over the Kyber company and assets for the return of the assets
Cakepie, a sub-DAO of Magpie, has locked 3M $CAKE worth $6.6M on PancakeSwap, and currently is the largest $veCAKE holder at 31%
Sei, an L1 built on Cosmos SDK, has announced V2, featuring EVM support, Optimistic parallelization, and greater transaction throughput. It is set to launch on a public testnet in Q1 2024
Circle’s Cross-Chain Transfer Protocol is live on Noble mainnet, allowing $USDC transfers between Ethereum, Arbitrum, Avalanche, Base, and Optimism, and is the first non-EVM implementation of the protocol
UniDex, a perp aggregator, has announced Molten Network a chain built on the OP Stack and integrated with Celestia’s modular data availability tech, featuring 100x reduced gas fees
Wormhole, a blockchain messaging platform, has raised $225M at a $2.5B valuation
Jito, a Solana MEV developer, has announced its $JTO tokenomics, and will feature a 10% retroactive airdrop to eligible Jito community members
StakeWise, a liquid staking protocol, V3 is now live, featuring auto-compounding vaults and liquid staking for individuals
Velodrome and Aerodrome’s frontend was exploited, with users losing approximately $70k in total
Magic Eden has launched the beta version of their wallet, featuring support for cross-chain NFTs
Maple Finance and Circle have partnered to expand $USDC adoption through Maple’s Secured Lending pool
Governance Proposals
ApeCoin DAO is discussing ending $APE staking, and also the development of ApeChain
Lido DAO has received a proposal to deploy $wstETH on BNB Chain and Mantle
Aladdin DAO is proposing to implement $fUSD, a hard-pegged USD stablecoin
News
Celsius is set to return $2B in crypto assets to claimants and has initiated withdrawals for currently eligible users who can claim 72.5% of their total holdings
FTX has obtained a court approval to liquidate $873M in Grayscale and Bitwise Trust assets
SEC is seeking public feedback for spot $BTC ETF applications as Pando Assets becomes the latest entity to submit their application
Poloniex is set to resume operations after $100M hack
HTX has reinstated their $BTC services after their $30M exploit
Richard Teng, the new CEO of Binance, has outlined future plans for the exchange in the wake CZ’s resignation
A $1.65B settlement between Voyager Digital and FTC was approved
FCA is developing a fund tokenization plan proposed by industry leaders
OKX has launched its services in Brazil
Robinhood is set to offer US stock trading in British market
An Austrian bank is set to roll out crypto trading for its retail customers in January 2024
Circle to expand $USDC presence in Japan through SBI Holdings
South Korea to pilot CBDC with 100k citizens in 2024
Zipmex has halted trading in Thailand, and is proposing paying creditors 3 cents on the dollar
Wallet of Satoshi, a Bitcoin Lightning wallet provider, has removed itself from US app stores
Singapore to restrict retail crypto speculation with new rules
Montenegro court has approved Do Kwon’s extradition to either South Korea or US
Animoca has become the largest $TON blockchain validator
eToro and M2 has received approval to offer services in UAE