Crypto Daily Digest - August 25th

Ethereum mainnet Merge countdown: 21 days until the expected date (September 15th).

Infrastructure

Ethereum Merge

• Ethereum Mainnet Shadow Fork 12 will happen on August 31st. Source
• Ethereum Foundation released Mainnet Merge timeline and increased bug bounty. Source

DeFi

• Algorithmic stablecoin protocol UXD Protocol is live on Optimism Devnet. Source
• SushiSwap's AMM framework Trident is live on Metis. Source
• TreasureDAO ecosystem DEX MagicSwap is now live. Source
• Acala is tracing the remaining 51M $aUSD error mints and will offer 5% bounty for the return of funds. Source
• Compendium.Fi will launch trading engine PENDAX. Source
• Ribbon Finance's yield product Ribbon Earn went live. Source
• Dogechain announces the launch of $DC. Source
• Dogechain's $DC airdrop claim was paused for a while and is resumed now. Source
• Decentralized lending protocol Radiant Capital will expand to BNB Chain. Source

Metaverse & NFTs

• NFT Marketplace LooksRare has purchased the looksrare.eth domain name for 50 $WETH. Source
• Reddit starts airdrop of Polygon-based “Collectible Avatars”. Source
• Data: Bored Ape Yacht Club 24 hours trading volume up 164.82%. Source
• PeckShieldAlert: xn--pudgypengun-lcb[.]com is a phishing site. Source
• Web3 developer platform Alchemy launches NFT API on Arbitrum. Source
• Former finance director at Twitter joins Immutable X as CFO. Source

CeFi

• Tesla 3:1 stock split has officially gone into effect. Source
• Engiven Foundation to enable Bitcoin and crypto donations for over 1.6 million nonprofits. Source
• Esports and Web3 company Ampverse officially enters the Philippine market. Source
• Siam Commercial Bank abandons plans to acquire 51% of Bitkub. Source
• Nvidia CFO: Falling crypto prices and changes in consensus mechanisms impacted demand for its products. Source
• Tether holds firm on the decision not to freeze Tornado Cash addresses and awaits law enforcement instruction. Source
• Coinbase will list Coinbase Wrapped Staked ETH ($cbETH). Source
• Alameda Research co-CEO Sam Trabucco announces resignation. Source

Policy & Regulation

• US Judge rules Voyager can pay employees retention bonuses. Source

Fundings

• Web3 developer platform Thirdweb raised $24M led by Haun Ventures. Source
• Web3 venture fund Symbolic Capital closed a $50 million fundraising round with participation from Polygon co-founder Sandeep Nailwal and others. Source