Crypto Daily Digest - August 12th

TI Research

On August 12th, MakerDAO co-founder said the team is considering selling all $USDC in protocol tied to Tornado Cash sanctions. Ethereum mainnet merger is tentatively scheduled for around September 15th or 16th. S&P Global downgrades Coinbase credit rating to BB. Tornado Cash Discord server has been deleted. Tornado Cash DAO launches a proposal to counter US treasury sanctions.

DeFi

  • Tornado Cash DAO launches proposal to counter US treasury sanctions. Source
  • Tornado Cash Discord server has been deleted. Source
  • Ethereum mainnet merger is tentatively scheduled for around September 15th or 16th. Source
  • MakerDAO co-founder: considering selling all $USDC in protocol tied to Tornado Cash sanctions. Source
  • MakerDAO is considering a $3.5 billion $ETH market buy. Source
  • 1inch and KrossLab join the Klaytn Governance Council. Source
  • Asset manager Abrdn becomes the biggest external shareholder in digital-assets exchange Archax. Source
  • The address 0xea16...6817 user funded multiple projects and makes rug pull. Source
  • Data: Total market contracts liquidated about $69.23 million in 12 hours. Source
  • Zenlink announces it has joined Astar Network's Build2Earn program. Source
  • CZ: Binance recovered $450k of Curve stolen funds. Source
  • S&P Global downgrades Coinbase credit rating to BB. Source
  • Public chain Aptos releases whitepaper v1.0. Source
  • Gitcoin will launch Web3 identifier Gitcoin Passport. Source
  • Ethereum sidechain Gnosis launches block browser GnosisScan. Source
  • IoTeX announces new governance framework. Source
  • $BTRFLY / $OHM pool is now live on Balancer. Source
  • Symbiosis Finance announced a partnership with BENQI. Source
  • Data: Since the sanctions came down, $62 million has been withdrawn from Tornado Cash. Source
  • Maple Finance launches $40m lending pool. Source
  • Cross-chain router protocol Multichain will integrate with zkSync 2.0. Source
  • 1inch API integrates with KuCoin Wallet. Source
  • Abracadabra partners with Ribbon Finance to test options offering. Source
  • Serum announced the launch of Vybe DEX. Source
  • Crypto derivatives protocol Tracer is transitioning to Mycelium and will launch Mycelium Perpetual Swaps. Source
  • FC Barcelona becomes the first club to be Chiliz Chain 2.0's node validator. Source

Policy & Regulation

  • India authorities block crypto exchange Bitbns’ bank account. Source
  • Netherlands authority arrested a suspected Tornado Cash developer. Source

NFT

  • Comedy online community JokeTown and Zelus collaborate on NFT series Mic Drops. Source
  • Axie Infinity launches Origin Season 0. Source
  • Cronos-based NFT platform Minted launches, inks partnership with Crypto.com. Source
  • Data: GameStop NFT marketplace has surpassed $22 million in trading volume. Source

Fundings

  • India’s Enforcement Directorate freeze Vauld’s assets worth $46.5 million. Source
  • MEV infrastructure developer Jito Labs raised $10M in Series A co-led by Multicoin Capital and Framework Ventures. Source
  • Huobi founder Leon Li seeks to sell his majority Huobi stake at $3 billion valuation. Source
  • Nexus Mutual to invest $29 million of treasury funds into Maple Finance. Source

Stablecoins

Privacy

Security Incidents

Ethereum

Coinbase

DeFi

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