Crypto Daily Digest - August 19th

DeFi

• Tether's latest audit report shows its consolidated assets exceed its consolidated liabilities. Source
• Ethereum testnet Sepolia's post-merge upgrade is expected around Aug 21st. Source
• Public chain Aptos Incentivized Testnet 3 will be live on August 30th. Source
• Binance will list Stargate ($STG) in the Innovation Zone. Source
• Digital asset management platform Safe released $SAFE airdrop distribution proposal. Source
• HUSD: short-term liquidity issues due to the closure of some market maker accounts are now resolved. Source
• Crypto.com: transfers of ETH and ERC20 tokens will be temporarily suspended during The Merge. Source
• Crypto.com exchange reduces trading fees by up to 80%. Source
• Compound launches proposal 116 to initialize a USDC market on Ethereum. Source
• Cardano Core Developer: Cardano testnet was catastrophically broken due to a bug in Cardano Node v 1.35.2. Source
• Klaytn published v1.9.1 release notes. Source
• Data: $STG breaks $0.50, up 53.06% in 24 hours. Source
• Data: Total market contracts liquidated about $185 million in 12 hours. Source
• Multichain adds $BNB and $BUSD asset support. Source
• DEX aggregator OpenOcean integrates with Chainge Finance. Source
• Hardware wallet SafePal launched browser extension wallet. Source

Policy & Regulation

• The central bank of the Philippines has warned investors about engaging with unregistered and foreign crypto service providers. Source
• US lawmakers eye environmental impact of crypto mining. Source

NFT

• NFT marketplace Rarible proposed to build a marketplace for ApeCoin DAO with zero fees. Source
• "No current plans" for scrapped V1 CryptoPunks NFTs, says Yuga Labs. Source
• Grease Monkey Games has received financial support from Epic Games to develop a new blockchain motorsport game. Source
• BendDAO liquidation auction Bored Ape Yacht Club #533. Source
• Optimism-based NFT marketplace Quixotic Launched its Launchpad in public beta. Source

Fundings

• New Galaxy fund is on the path to raise $100 million by the end of the year. Source
• W3 Storage Lab raised $3M in pre-seed co-led by Draper Dragon and OKX Blockdream Ventures. Source