Crypto Daily Digest - August 31st

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

DeFi

• Curve Finance may launch native stablecoin $crvUSD next month. Source
• Protocol upgrade accidentally freezes $ETH on Compound for 7 days. Source
• Aada Finance will launch the first lending and borrowing app on Cardano mainnet. Source
• pSTAKE Finance integrates with lending and margin trading protocol OpenLeverage. Source

Infrastructure

• Kava 11 Liquidity Staking Testnet has been successfully launched. Source 
• Migration of Arbitrum One to Nitro will happen at 14:30 UTC on August 31st. Source
• Helium core developers propose migration of crypto wireless network to Solana. Source
• Polygon Avail testnet is now live. Source

Metaverse & NFTs

• OpenSea Seaport adds support for Polygon and accepts $MATIC payment. Source
• DeFi Kingdoms has started to vote on the proposal for the tokenomics of Serendale 2.0. Source
• Immunefi report: 143 BAYC NFTs stolen since series launch. Source

CeFi

• Morgan Stanley research report: The combined market capitalization of $USDT and $USDC begun to fall again. Source
• Coinbase will add support for MXC ($MXC) and Aurora ($AURORA) on the Ethereum network. Source
• Watchmaker Jacob & Co reveals Bitcoin-themed luxury watch. Source
• AscendEX exploiter has transferred over 4,200 $ETH and 5.5 million $DAI to the intermediary address. Source
• Stablecoin issuer Stably announces the native launch of $USDS on Harmony. Source

Policy & Regulation

• UK District Judge rejected Cryptoqueen accomplice the bid to hold off on extradition. Source 
• Paraguay's president vetoes proposed crypto industry regulation. Source

Fundings

• Moonbirds' developer PROOF raises $50M in Series A led by a16z. Source
• Sei Labs closes a $5 million seed round led by Multicoin Capital. Source