Crypto Daily Digest - August 25th

TI Research

On August 25th, Ethereum Foundation releases Mainnet Merge timeline and increases bug bounty. Ethereum Mainnet Shadow Fork 12 will happen on August 31st. Ribbon Finance's yield product Ribbon Earn goes live. Dogechain announces the launch of $DC. Coinbase will list Coinbase Wrapped Staked ETH ($cbETH). Reddit starts airdrop of Polygon-based “Collectible Avatars”.

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

DeFi

Ethereum

NFT

Coinbase

Airdrop

Fund Raising

Layer 2

DEX

TI Research

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