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Crypto Daily Digest - August 31st

TI Research
Crypto Daily Digest - August 31st Source: Arbitrum

On August 31st, migration of Arbitrum One to Nitro happens at 14:30 UTC today. Polygon Avail testnet is now live. OpenSea Seaport adds support for Polygon and accepts $MATIC payment. Helium core developers propose migration of crypto wireless network to Solana. Moonbirds' developer PROOF raises $50M in Series A led by a16z.

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
DeFiEthereumNFTArbitrumLayer 2PolygonOpenSeaPolicy and RegulationFund Raisinga16z
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