Crypto Daily Digest - August 18th

TI Research

On August 18th, the front-end UI of cBridge, Celer Network's cross-chain payment network, suffered a DNS cache poisoning attack and the cBridge front-end UI has been resumed. In response, Celer said it will fully compensate affected users. Ribbon Finance launches yield product Ribbon Earn. Tether partners with accounting firm BDO for reserve attestations. Phantom Wallet launches NFT burning function. Stablecoin $HUSD falls below $0.88 and is unpegged.

DeFi

  • South African Reserve Bank encourages friendly behavior with crypto. Source
  • Celer Network's cross-chain payment network cBridge suffered frontend attack. Source
  • Celer: cBridge frontend UI suffered DNS cache poisoning attack, will fully compensate affected users. Source
  • Celer's cBridge frontend UI has been resumed. Source
  • Tether partners with accounting firm BDO for reserve attestations. Source
  • Ribbon Finance launches yield product Ribbon Earn. Source
  • Lending protocol Solend launches Permissionless Pools. Source
  • Optimism has transferred millions of $OP from multisig to Coinbase Custody wallet. Source
  • Leveraged liquidity mining protocol Alpha Homora V2 is now officially on Optimism. Source
  • Multichain integrates with Dogechain. Source
  • Liquid staking protocol pSTAKE Finance integrates with Beefy Finance. Source
  • Quebec’s pension manager has written off Its stake in Celsius. Source
  • Huobi Global GM: $HUSD liquidity issues noted. Source
  • $HUSD to $USDC ratio drops to 0.9 on Curve. Source
  • Ink Finance launches second round of beta testing. Source
  • Nomad released Road to Recovery article. Source
  • Polygon integrates with institutional-grade digital asset custody platform GK8. Source
  • FTX lists $ORCA on August 18th. Source
  • Ronin Network added three new validators, including Nansen. Source
  • Stader will cover 165K $NEAR in losses incurred by liquidity providers on NearX. Source
  • Coinbase Wallet supports bridging assets between Ethereum and Polygon in browser extension. Source
  • Reddit Community Points exchange RCPswap went live on Arbitrum Nova. Source
  • Solana Mobile opens pre-order channel for Beta version of Saga phone. Source
  • Data: Total market contracts liquidated about $51.40 million in 12 hours. Source
  • a16z-backed real estate company Flow plans to launch digital wallet. Source
  • Crypto exchange Gemini introduces staking support for US investors. Source

Policy & Regulation

  • South Korea's Anti-Money Laundering Authority flags 16 crypto firms for operating without registration. Source
  • Monochrome Asset Management receives Australian Financial Services license. Source
  • Socios.com registered with Italian regulatory body. Source

NFT

  • Phantom Wallet launches NFT burning function. Source
  • Atletico Madrid has partnered with WhaleFin and STEPN to launch limited edition NFT sneakers. Source
  • The Sandbox will launch Alpha Season 3 on August 24th. Source
  • Yuga Labs will only recognize NFTs on Ethereum PoS chain. Source
  • Hollywood-themed metaverse Meta Hollywood will airdrop 10,000 NFTs on September 2nd. Source

Fundings

  • Crypto fintech company FOMO Pay closes $13 million Series A funding round led by Jump Crypto. Source
  • NFT fractionalization platform Fractional rebranded to Tessera and raised $20M led by Paradigm. Source
  • On-chain game developer community MatchboxDAO raised $7.5M in a seed round with StarkWare involved. Source
  • Polygon leads investment in venture studio SuperLayer's $25 million fund. Source

State Channels

Security Incidents

DeFi

Options

Derivatives

Tether

Wallet

NFT

Stablecoins

TI Research

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