Crypto Daily Digest - August 29th

TI Research

On August 29th, SBF said that FTX is not planning to acquire Huobi. Ava Labs was accused of weaponizing litigation against rivals in partnership with a law firm, which led to $AVAX price decrease. Ethereum liquidity staking protocol Rocket Pool completed Redstone upgrade. Polkadot parachain Moonbeam has integrated cross-chain messaging protocol LayerZero. Limit Break, the parent company of NFT project DigiDaigaku, raised $200 million over two rounds led by Paradigm, Josh Buckley and Standard Crypto.

Ethereum mainnet Merge countdown: 17 days until the expected date (September 15th).

DeFi

  • Ava Labs is accused of weaponizing litigation against rivals in partnership with a law firm, with $AVAX drops more than 10% over the last 24 hours. Source
  • Ethereum liquidity staking protocol Rocket Pool completes Redstone upgrade. Source
  • Decentralized derivatives exchange Mycelium will launch $MYC Lending. Source
  • Acala has located the remaining 52 million $aUSD of the 3.02 billion $aUSD error mints. Source
  • QiDAO team's proposal to add stablecoin MAI to Aave V3 on Polygon got passed. Source
  • Aptos ecosystem Launchpad Proton announced that its testnet is live. Source

CeFi

  • FTX is not planning to acquire Huobi, says SBF. Source
  • CME Group launched Bitcoin Euro and Ether Euro futures. Source
  • UAE corporate services provider Virtuzone accepts cryptocurrency payments via Binance Pay. Source
  • CoinDCX CEO: Bullish on India's industry trajectory despite tough regulatory environment. Source
  • Binance will perform wallet maintenance for Ethereum Network on August 31st. Source

Infrastructure

  • Polkadot parachain Moonbeam has integrated cross-chain messaging protocol LayerZero. Source
  • Etherscan is now live on Optimism Goerli. Source
  • Avalanche Post-Consensus will go live on eCash Mainnet on September 14th. Source
  • Leap Wallet adds support for Injective. Source

Metaverse & NFTs

  • GameStopNFT will release first NFT series GMERICA. Source
  • Data: RENGA Black Box 24 hours trading volume up 138.79%. Source
  • CertiK Alert: NFT project Floaties Discord has been attacked. Source
  • Ethereum wallet Rainbow launches NFT hiding function. Source

Policy & Regulation

  • Terraform Labs faces another class action lawsuit. Source
  • Dubai Virtual Assets Regulatory Authority has launched guidelines for marketing and promoting crypto. Source 
  • U.S. Senator Elizabeth Warren: Federal reserve may bring in recession. Source 
  • Bank of Korea: Future institutional need to allow domestic crypto asset ICO. Source 

Fundings

  • Limit Break, the parent company of NFT project DigiDaigaku, raised $200 million over two rounds led by Paradigm, Josh Buckley and Standard Crypto. Source
  • Fintech firm Lightnet group received $50 million commitment from LDA Capital. Source
  • Crypto derivatives exchange GammaX raises $4M in a seed round with StarkWare involved. Source

DeFi

Ethereum

NFT

Exchanges

DEX

Staking

Binance

Avalanche

FTX

Huobi

Policy and Regulation

Fund Raising

Paradigm

TI Research

TokenInsight is a data and research organization for the digital asset market. TI provides comprehensive asset-related data and comprehensive and timely information and research services for digital assets.