On August 22nd, Ethereum clients Geth and Teku released updates related to the mainnet Merge respectively. BendDAO released a new community proposal suggesting adjusting parameters such as the liquidation threshold, auction period, and interest base rate to ease the liquidity crisis. Hodlnaut reported a $193 million financial shortfall as it seeked court protection. Algorithmic stablecoin protocol Olympus would be upgraded to V3 and rebranded as Bophades. Element established ELE DAO and announced governance token $ELE.
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
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