Crypto Daily Digest - April 12th

TI Research

Sky Mavis, the developer behind Axie Infinity, has launched a bug bounty program after hackers drained $622 million in crypto from the company’s Ethereum sidechain, Ronin, last month. Sky Mavis promises to pay white hats their bounties in Axie Infinity's native token $AXS. The top bounty of $1 million goes to those who can identify “extraordinarily severe issues or those with extreme impact.”In addition, Sky Mavis is also offering a bounty of $100,000 for identifying “critical” smart contract and blockchain vulnerabilities, alongside bounties of $50,000, $5,000 and $1,000 for risks it deems “high,” “medium,” and “low.”

DeFi

  • Cosmos builder Ignite launches $150m Web3 accelerator with participation from Alameda Research and others. Source
  • Fidelity Investments launches two ETFs targeting crypto and metaverse. Source
  • Uniswap Labs announces the launch of Uniswap Labs Ventures. Source
  • Nebula Protocol releases details of launch sequence. Source
  • Former Ethereum developer Virgil Griffith may face 63 to 78 months in prison. Source
  • Mars Protocol announced that Delphi Labs' proposal on standardized process for governance proposals is live for vote. Source
  • Voting aggregator Redacted Cartel announces V2 release. Source
  • Automated DeFi Strategy Hawksight to IDO on AcceleRaytor. Source
  • Mars Protocol has added Anchor governance token $ANC as collateral. Source
  • Coinbase announces a list of assets to consider listing in Q2, including $ALEPH, $APT and other tokens. Source
  • BlockSec team finds risk of Discord direct message scam, advises users to close Discord DMs. Source
  • Options trading platform Dopex launches SSOV V3. Source
  • Nigerian citizens have started using cryptocurrencies as a solution for storing and transferring assets. Source
  • Terra Bridge adds support for Avalanche, Solana, Fantom, and many other networks. Source
  • SlowMist says ERC721R example contract is flawed, essentially due to excessive owner permissions. Source
  • Robinhood has listed $SHIB, $SOL, $MATIC and $COMP. Source
  • Connext plans to conduct a live Amarok mainnet upgrade in June. Source

Policy & Regulation

  • Iran will not allow crypto payments. Source
  • CoinSwitch Kuber temporarily disables rupee deposits amid regulatory flux. Source
  • Securrency Capital secures financial services permission from Abu Dhabi Global Market. Source

NFT

  • Axie Infinity developer launches $1m bug bounty after $622M Ronin hack. Source
  • Pixel metaverse Worldwide Webb tweeted that an airdrop will be made to landholders within the metaverse. Source
  • LooksRare launches vulnerability bounty program. Source
  • Meta will launch a new tool for Horizon Worlds to sell virtual goods. Source
  • Binance launches Binance NFT Mini App feature. Source
  • NFT decentralized platform Solv Protocol is now live on Arbitrum. Source
  • Coinbase to launch Bored Apes-themed animated movie BAYC holders can participate in casting. Source
  • Forbes expands into metaverse with launch of virtual billionaires NFT collection on FTX. Source
  • Arbitrum launches ecosystem experience rewards program, which will give out free NFTs to users who complete tasks. Source
  • Spike Lee has teamed up with The Seen Challenge to launch an NFT assortment centered on his 1986 function movie debut, She’s Gotta Have It. Source
  • STEPN and ASICS will co-brand a limited edition virtual sneaker NFT. Source
  • Fashion brand Zara launches first solo collection in the metaverse. Source
  • NBA’s crypto chief registers second .Eth domain as league files for 4 NFT trademarks. Source

Fundings

  • Circle Internet Financial, the issuer of USD Coin ($USDC), announces $400m funding round. Source
  • Nomad, a cross-chain communication protocol, has closed a $22 million seed round led by Polychain Capital. Source
  • DeFi company BloXroute closed a $70 million Series B round led by SoftBank Vision Fund 2. Source
  • NFT platform Genies has closed a $150 million round of funding led by Silver Lake at a $1 billion valuation. Source
  • Blockchain Game Civitas has closed a $20 million round of funding led by Delphi Digital and Three Arrows Capital. Source
  • Animoca Brands acquires Need for Speed developer Eden Games. Source
  • Epic Games closes $2 billion financing from Sony and Lego at a $31.5 billion valuation. Source
  • Ubisoft invests in White Star Capital's second crypto fund as an anchor investor. Source
  • IOST Foundation joins Big Candle Capital and others to launch $100 million EVM developer incentive fund. Source
  • Volt Protocol, a stablecoin protocol, closes $2 million in funding led by Framework Ventures and others. Source
  • Voyager Innovations closes $210M funding round at $1.4B valuation SIG Venture Capital leads. Source
  • TiTi Protocol secures $3.5 million to build the first use-to-earn algorithm stablecoin. Source
  • Fabric Ventures looks to close two web3 funds worth $245 million. Source
  • Vovo raises $2M, led by IOSG Ventures, to create DeFi-structured products on Arbitrum. Source
  • IDEG asset management partners with Coinbase Prime to launch actively managed ETH fund. Source

Axie Infinity

NFT

Security Incidents

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