Crypto Daily Digest - June 8th

TI Research

On June 8th, Chainlink plans to release Chainlink Staking v0.1 this year. Cosmos ecosystem Osmosis blockchain has a serious bug that caused it lost about $5 million. Osmosis DEX and Wallet are temporarily inoperable. Osmosis's team has identified the bug and written a patch for the bug. Anchor Protocol will freeze Anchor Earn and borrow functions. New York's crypto regulator publishes formal stablecoin guidance.

DeFi

  • DEX ApolloX has temporarily disabled its withdrawal function. Source
  • Citadel Securities and Virtu Financial are building a crypto trading marketplace with the help of Sequoia Capital and Paradigm. Source
  • Elrond ecosystem DEX Maiar fully recovered. Source
  • Elrond ecosystem DEX Maiar stolen funds recovered and will restart. Source
  • Chainlink plans to release Chainlink Staking v0.1 this year. Source
  • Oasis said ValleySwap and EvoDeFi bridge are risky third-party projects. Source
  • Data: DeFi venture funding at $176.3 million in May, lowest level since September 2021. Source
  • $BabyElon on BNB Chain appeared rug pull. Source
  • Osmosis has currently identified the bug and written a patch for the bug. Source
  • Osmosis liquidity pools not completely drained, size of losses about $5 million. Source
  • Osmosis chain has been halted for emergency maintenance. Source
  • GYM NETWORK exploited, token price drops 85%. Source
  • Coinbase adds $ATA, $XCN, $DYP, and $POND to the assets listing roadmap. Source
  • Go+ Security launched the Malicious Address API Service. Source
  • Layer2 DEX DeversiFi will launch a cross-chain swaps feature. Source
  • Anchor Protocol will freeze Anchor Earn and borrow functions. Source
  • Infura joins Chainlink Network as a node operator. Source
  • Binance app updates search tool features. Source
  • Founder of Frax Finance proposed to buy back $20M $FXS via TWAMM. Source

Policy & Regulation

  • Binance seeks Philippines license amid expansion in Southeast Asia. Source
  • Britain will begin live testing of crypto blockchain technology for traditional market activities. Source
  • Singgapore capital market platform ADDX recognizes crypto for accredited investors. Source
  • Crypto bank Custodia sues the Fed over 19 month delay on account approval. Source
  • New York's crypto regulator publishes formal stablecoin guidance. Source

NFT

  • Yuga Labs has destroyed private key with unlimited minting BAYC permissions. Source
  • STEPN updates game economy model. Source
  • Solana based Move-to-Earn game Walken launches public beta with NFT sale coming next. Source
  • Web3 proof of achievements platform Noox opens its beta to Ethereum users. Source
  • MoonPay is building a concierge service team to help celebrities buy NFTs. Source
  • NFT lending protocol JPEG'd launches BAYC and MAYC lending. Source
  • Korean gaming giant Nexon plans to build the NFT ecosystem with its "Adventure Island" handheld game. Source

Fundings

  • Virtual real estate marketplace Parcel closed $4 million seed round led by Framework Ventures. Source
  • Solana launches $100m investment and grant fund for South Korean Web3 startups. Source
  • Web3 entertainment company Adim closes $5 million seed round led by a16z. Source
  • Felix Capital has closed fourth fund at $600 million. Source
  • Algo-advisor Delphia closes $60 million Series A round led by Multicoin Capital. Source
  • Ledger teamed up with Cathay Innovation to launch a $110 million early-stage fund focused on Web3, DeFi, NFTs and DAOs. Source
  • Chillchat raised $6.5m through a seed token round co-led by FTX Ventures and Crypto.com Capital. Source
  • Kushki closed $100 million Series B funding round valued at over $1 billion with participation from Kaszek Ventures and others. Source
  • Skolem raised $20M in Series A with participation from Dragonfly Capital and others. Source
  • Carbon credit tokenization platform Meta Carbon receives investment from Animoca Brands. Source

DeFi

Oracle

Cosmos

Security Incidents

Stablecoins

Policy and Regulation

TI Research

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