Crypto Daily Digest - August 30th

TI Research

On August 30th, Aave's new proposal suggests pausing $ETH borrowing before the Ethereum Merge. Nexo commits additional $50 million to $NEXO buyback initiative. Cross-chain interoperability network Axelar will release $AXL in a few weeks. Magic Eden launches Bear Market in collaboration with Okay Bears. Temasek will lead $100 million funding for Animoca Brands.

Ethereum mainnet Merge countdown: 16 days until the expected date (September 15th).

DeFi

  • Aave's new proposal suggests pausing $ETH borrowing before the Ethereum Merge. Source
  • Optimism ecosystem perpetual swap exchange Pika Protocol announced the $OP distribution plan. Source
  • OptiFi: 661,000 $USDC was locked by mistake, and the compensation will be made on September 2nd. Source
  • PeckShieldAlert: ethfork2[.] com is a phishing site. Source
  • Apollo DAO will launch a liquid staking solution for Cosmos. Source
  • Law firm Roche Freeman received over 4 million $AVAX from Ava Labs, Crypto Leaks claims. Source
  • Loop Finance launches its DEX aggregator. Source
  • Nomad has partnered with Chainalysis team to track hackers. Source

Infrastructure

  • Cross-chain interoperability network Axelar will release $AXL in a few weeks. Source
  • Ethereum Layer2 scaling solution Myria goes live and launches Myria Wallet and NFT marketplace. Source
  • Boba Network announces engineering roadmap 2022-2023. Source
  • Crypto custody firm Fireblocks launches support for Solana via Web3 Engine. Source

Metaverse & NFTs

  • Magic Eden launches Bear Market in collaboration with Okay Bears. Source
  • PeckShieldAlert: blockchain game HeroCat's token $HCK has dropped 94%. Source
  • Meta allows posting NFTs on Facebook and Instagram. Source
  • Trust Wallet integrates with Solana NFTs. Source

CeFi

  • Nexo commits additional $50 million to $NEXO buyback initiative. Source
  • Founder of Turkish crypto exchange Thodex arrested in Albania. Source 
  • Elon Musk sent a second letter calling off the $44 billion acquisition of Twitter. Source
  • Binance Australia ramping up measures to protect vulnerable users. Source
  • FTX will support the Arbitrum network upgrade. Source
  • Data: 7,507 $BTC has been taken off exchanges in last 7 days. Source
  • Coinbase will list $OOKI. Source
  • Robinhood will pause withdrawals for tokens including $ETH during Ethereum Merge. Source

Policy & Regulation

  • Russian Prime Minister: It is necessary to adopt digital assets as a "safe alternative" to cross-border payments. Source 
  • Hodlnaut placed under Interim Judicial Management by Singapore court. Source

Fundings

  • DeFi oracle platform RedStone closed a $7 million seed round with participation from Coinbase Ventures and others. Source
  • Seven Seven Six, a venture capital firm led by Reddit co-founder Alexis Ohanian, is raising a $177.6 million crypto investment fund Kryptós. Source
  • Temasek will lead $100 million funding for crypto landlord Animoca. Source
  • Web3 Game Developer Xterio raises $40M co-led by FTX Ventures and others. Source
  • Solana-based automation network Clockwork raises $4M in seed round co-led by Multicoin Capital and Asymmetric. Source

DeFi

Ethereum

NFT

Cross-Chain

Marketplace

Aave

Fund Raising

Animoca Brands

Lending

DEX

Layer 2

TI Research

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