Crypto Daily Digest - August 22nd

Ethereum mainnet Merge countdown: 24 days until the expected date (September 15th).

Infrastructure

Ethereum Merge

• Ethereum client Geth released the first mainnet-merge version v1.10.22 (Promavess). Source
• Ethereum mainnet users must upgrade client Teku before September 6th. Source

Others

• The Ronin hackers have transferred all of the stolen funds from Ethereum to the Bitcoin network. Source
• Etherscan has added security additions for token transfers. Source

DeFi

• Algorithmic stablecoin protocol Olympus will be upgraded to V3 and rebranded as Bophades. Source
• PeckShield: the BNB Chain deployment of Cream Finance suffers from a liquidity crisis. Source
• Cream Finance: the liquidity crunch on BSC C.R.E.A.M. markets was caused by the Boosted Savings program. Source
• PeckShieldAlert: Grim Finance exploit intermediary address has transferred another about 1,200 $ETH to Tornado Cash. Source
• Redacted Cartel's Hidden Hand was live on Optimism. Source
• 2.97B $aUSD error mints have been burned, says Acala. Source
• Cross-chain DEX Zenlink will upgrade contracts and migrate liquidity on Moonbeam and Moonriver on August 23rd. Source
• PeckShieldAlert: 0xb6B gained nearly $7 million in the Nomad exploit. Source

Metaverse & NFTs

• Element establishes ELE DAO and announces governance token $ELE. Source
• BendDAO's new proposal suggests adjusting some parameters to ease liquidity crisis. Source
• PeckShieldAlert: revokecash[.]net is a phishing site. Source
• BendDAO has 30 NFTs up for auction involving 4 categories. Source
• BitKeep NFT Market adds support for Klaytn. Source

CeFi

• Several large securities companies in South Korea plan to establish virtual asset exchanges next year. Source
• Hodlnaut reports a $193 million financial shortfall as it seeks court protection. Source
• Zipmex CEO Marcus Lim refuses to resign. Source
• New $BUSD pairs are available on Crypto.com. Source
• Binance adds $STG on cross margin and isolated margin. Source
• Coinbase added $AURORA and $MXC to the listing roadmap. Source

Policy & Regulation

• Bhex has secured a standard payment institution license from the Monetary Authority of Singapore. Source
• Australian Treasurer: Government will improve the way system manages crypto assets. Source

Fundings

• Metaverse agency INDEX GAME raised $1.7M from The Sandbox. Source