Crypto Daily Digest - August 12th

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• Data: Since the sanctions came down, $62 million has been withdrawn from Tornado Cash.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