Crypto Daily Digest - August 9th

TI Research

On August 9th, The US Treasury revealed that Tornado Cash has been used to launder over $7 billion, and Circle has blacklisted Ethereum addresses sanctioned by the US Treasury, including Tornado Cash. BitMEX executive pleads guilty to Violating Anti-Money Laundering Act. Polygon launches Gnosis Bridge built for Multisig wallet Safe.

DeFi

  • $USDC issuer Circle has blacklisted Ethereum addresses sanctioned by the US Treasury. Source
  • Gitcoin has suspended Tornado Cash grant. Source
  • Data: about $1.1 billion in stolen funds transferred to Tornado Cash in H1 2022. Source
  • Solana: the wallets of Slope users or those who have imported seed phrases into Slope may be compromised. Source
  • Polygon launches Gnosis Bridge built for Multisig wallet Safe. Source
  • Reddit Community Points integrate with FTX Pay and will launch on Arbitrum Nova. Source
  • Ark Invest has sold about $20 million of Block shares. Source
  • ShapeShift CEO advises the MakerDAO community to remove their $USDC collateral. Source
  • CZ: Web3 companies should issue tokens to accelerate growth, not to gather initial funds. Source
  • Solana ecosystem lending protocol Jet Protocol releases Jet V2 beta. Source
  • Aave community: only support post-merge Ethereum PoS. Source
  • Parallel Finance supports $GLMR and $MOVR as collateral and borrowable assets. Source
  • Data: number of smart contracts created on Ethereum surpasses 50 million. Source
  • Data: Total market contracts liquidated about $48.73 million in 12 hours. Source
  • Binance will stop supporting off-chain fund transfers between WazirX and Binance on August 11th. Source
  • Data: $TORN price dropped 26.38% over the last 24 hours. Source
  • Redacted Cartel launches v2 and switches to a new token model. Source
  • FTX doesn't plan to halt or settle $ETH futures prior to Ethereum Merge, and will track PoS Ethereum. Source
  • NEAR released JavaScript SDK. Source
  • Ava Labs' browser extension wallet Core added support for Ethereum and all EVM-compatible chains. Source
  • Avalanche-based perpetual futures exchange Hubble Exchange initiated trading. Source
  • Argent X integrates with cross-rollup bridge Orbiter Finance. Source
  • Data: $ETH price dropped below $1,700. Source

Policy & Regulation

  • Celsius creditor committee says it will investigate the conduct of Mashinsky and other insiders. Source
  • US Treasury: Tornado Cash has been used to launder more than $7 billion. Source
  • BitMEX executive pleads guilty to Violating Anti-Money Laundering Act. Source

NFT

  • Wemade CEO: Expects South Korea to lift ban on P2E next year. Source
  • Polygon and Neowiz launch Web3 game platform Intella X. Source
  • Data: Moonbirds 24 hours trading volume up 168.90%. Source
  • Rugby legend Lawrence Dallaglio will serve as strategic global advisor to Caduceus. Source
  • Consumer Group demands Snoop Dogg and other celebs disclose NFT connections. Source
  • STEPN enters into partnership with Japanese communication giant LINE crypto subsidiary. Source
  • Immutable X Layer 2 is now natively supported in the GameStop wallet. Source
  • Sky Mavis co-founder: Looking at ways to tailor the Axie Infinity for Korean gamers. Source
  • STEPN launches $GMT earning plans. Source

Fundings

  • Enterprise wallet management company Cashmere closed a $3 million seed funding round with participation from Coinbase Ventures and others. Source
  • Mobile gaming platform MetaverseGo closed a $4.2 million seed funding round with participation from Dragonfly Capital and others. Source
  • Game studio Gunzilla Games closes $46 million in financing led by Republic Capital. Source
  • NFT minting platform Fair.xyz raised $4.5M with OpenSea involved. Source
  • Renewable energy company Vespene Energy raised $4.3M led by Polychain Capital. Source
  • Game studio Arrivant raised $5M in seed round With Polygon Studios involved. Source
  • NFT media content platform Pinata raised $21.5M co-led by Pantera Capital and others. Source

DeFi

Policy and Regulation

Polygon

Circle

Wallet

Cross-Chain

PoS

TI Research

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