Crypto Daily Digest - August 29th

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