Crypto Daily Digest - June 17th

DeFi

• Amber Group said that it has never been engaged in any business that involves underwriting credit risk of borrowers. Source
• BNB Beacon Chain goes open-source. Source
• Babel Finance announces suspension of withdrawals and redemptions. Source
• Alameda Transferred about 29,999 $ETH to FTX. Source
• Kava Network and Celer cBridge entered into partnership. Source
• DeFiance Capital founder Arthur responds to incident influenced by Three Arrows Capital. Source
• Elon Musk floats crypto payments during meeting with Twitter employees. Source
• Elon Musk, SpaceX and Tesla sued for $258 billion in alleged Dogecoin ‘Pyramid Scheme’. Source
• Optimism will perform a public endpoint infrastructure upgrade on June 23rd UTC. Source
• BlockFi recently liquidated and hedged collateral for large customers with excess margin loan obligations. Source
• Deribit confirms Three Arrows Capital is its parent company shareholder and operations will not be affected. Source
• Three Arrows Capital invested yield app Finblox will pause reward distributions and lower withdrawal limits. Source
• EOS Network Foundation founder: EOS EVM already deployed on the testnet. Source
• DAO Maker attacker transferred 1 million $DAI to Tornado.Cash. Source
• PeckShieldAlert: $safemoonV1 drops significantly due to migration. Source
• Avalanche officials clarify funding issues with Three Arrows Capital. Source
• Three Arrows Capital swapped 14,110 $stETH for about 13.66 million $USDT. Source
• Polygon integrates with non-custodial wallet Zerion. Source
• Aura Finance's auraBAL deposits and airdrop claim are live. Source
• WOOFi launches cross-chain swaps supporting asset swaps across Avalanche, Fantom and BNB Chain. Source
• MakerDAO adds $rETH as a new collateral type in the Maker Protocol. Source
• Ethereum will undergo the Gray Glacier fork on June 29th to push back difficulty bomb. Source
• Evan Van Ness: Ethereum merger will take place in mid to late September. Source
• CZ denies the report that Binance was considering re-entering the South Korea market. Source
• Klaytn-based decentralized lending protocol Klap Finance is live on testnet. Source
• Celsius investors unlikely to provide more funds to bail out crypto lender. Source
• FatMan: Three Arrows Capital had loans deposited with Anchor to collect interest without the knowledge of most lenders. Source
• Crypto KOL says "Machi Big Brother" Jeffrey Huang has launched more than 10 junk projects and allegedly misappropriated huge amounts of money. Source
• Binance's $200 million Forbes deal is ‘changing’. Source
• Three Arrows Capital liquidated by FTX, Deribit and BitMEX. Source
• The Wall Street Journal: Three Arrows Capital considers asset sales and bailout. Source

Policy & Regulation

• CFTC Commissioner: CFTC may react faster than the SEC to deal with the incident. Source
• SEC has filed documents related to Bill Hinman's 2018 Ethereum speech. Source
• Panama’s President has partially vetoed a bill which allows citizens to use cryptocurrencies as a valid form of payment. Source

NFT

• Polkadot Ecosystem NFT public chain Unique Network acquires CryptoPunk #3042 and plans to shard it. Source

Fundings

• Immutable announces $500 million venture capital fund to boost Web3 game adoption. Source
• Alchemy launches $25m developer grant program to fund Web3 projects. Source
• NFT smart wallet Castle has closed a $1.5 million Pre-Seed round led by Dragonfly Capital. Source
• zCloak Network has closed a $5.8m funding round with participation from Coinbase Ventures and others. Source
• Game developer Clockwork Labs has closed a $22m Series A funding round led by a16z. Source
• Liquidity services protocol Crema Finance closes $5.4 million private placement round led by Qiming Venture Partners. Source