Crypto Daily Digest - February 25th

DeFi

• BitMEX co-founders Arthur Hayes and Benjamin Delo plead guilty to bank secrecy act violations. Source
• Frax Finance updates liquidity incentive program. Source
• Newt, the experimental arm of Aave, has launched its first time tokenization project, Aika. Source
• Coinbase reports record net revenues of $2.5 Billion in Q4 2021. Source
• Decentralized trading platform Hashflow announced live on Avalanche. Source
• Mars Protocol and Immunefi partner to launch $1m bug bounty program. Source
• Ribbon community updates RGP-9 proposal with new retroactive history bonus. Source
• Decentralized platform SpaceFi announced that it will deploy a testnet on Evmos, an EVM hub on Cosmos. Source
• Privacy browser Brave's crypto wallet will launch on-chain swap functionality on Polygon. Source
• Interlay won Polkadot's 10th parallel chain slot auction with a locked-in 2,751,900 $DOT. Source
• Alameda Research expects to borrow $750 million from lending protocol TrueFi within a year to support its daily trading activities. Source
• Crypto Unicorns token $RBW to be put up for public token launch auction. Source
• Celsius will get exposure to yield from market makers Wintermute and Amber by delegating $30 million of wETH to Maple’s pools. Source Cardano launched Orbis, the first ZK-Rollups expansion solution. Source
• Polkadot scheduled the parachain auctions for the rest of the year. Source
• Upbit announces that users wont be able to withdraw to overseas exchanges from March 25. Source
• RociFi, a multichain DeFi lending platform, announced that it will be launched on Kovan testnet on March 2. Source
• Intel launched a new chip that supports NFT minting and formed a new segment of the "Custom Compute Group". Source
• Russia will restrict crypto trading to licensed platforms, certified wallets. Source
• Tonga's former MP: Tonga may make Bitcoin legal tender in the second quarter of 2023. Source
• Crypto index provider Vinter enlisted to price digital asset derivatives. Source
• Crypto exchange FTX gave $25 to each Ukrainian on FTX. Source

NFT

• Beverage Manufacturer Monster Energy Files NFT and Metaverse Trademark Applications. Source
• The Doggies (Snoop Dogg) #7800 sold for a record 29 ETH (approx. $76,506.76) for the highest transaction of the series. Source
• Elon Musk may has purchased BAYC#1837 for 569 ETH via MoonPay proxy. Source
• OpenSea: In the final stage of contract migration, some site features may not be available. Source

Fundings

• KCC (KuCoin Community Chain) officially announced the launch of a $50M Ecosystem Accelerator Program. Source
• InfStones closed a $33 million Series B round of funding with participation from Dragonfly Capital. Source
• Squads closed a $5 million strategic funding round led by Multicoin Capital. Source
• Cricket NFT platform Rario seeks $100 Million in funding, Dream Capital may lead. Source
• Zodium has closed a $4 million private round led by Animoca Brands and others. Source
• GameFi project Tiny World closed $2.5m seed round with HashKey and others. Source
• Web3 infrastructure startup Aligned closed $34m round with GSR and others. Source
• SocialFi traffic aggregator Rlink closed $400,000 seed round with SevenX Ventures and others. Source