Crypto Daily Digest - March 25th

DeFi

• Soccer superstar David Beckham is the global brand ambassador for blockchain DigitalBits. Source
• Two MEV bots profit 157 $ETH from stablecoin arbitrage trades. Source
• Lido destroys 3.7 million $LIDO from DeFiance Capital founder's stolen wallet and recasts it into a new one. Source
• Synthetix merges L1 and L2 debt pools to enhance liquidity and stake efficiency. Source
• Optimism has invoked data compression on its mainline, which will reduce transfer fees by 40%. Source
• Japanese exchange Liquid will change its name to FTX Japan in April. Source
• SQUOL, the multiplier perpetual contract on Solana, is now open for trading on 01 Exchange. Source
• Senators Lummis and Gillibrand are working together on a regulatory framework for crypto. Source
• Cosmos EVM compatible hub Evmos mainnet may launch in 1 to 2 weeks. Source
• Multichain announces joining the Kava Pioneer Program. Source
• Kenya's central bank governor reiterates his opposition to crypto trading. Source
• Polkadot smart contract platform Edgeware announces 2022 roadmap with the launch of robust support for EVM. Source
• Former party organizer was accused of laundering $2.7m in Bitcoin and cash. Source
• a16z co-founder may leave Meta board over Web3 investment conflict. Source
• Maison Ghost Discord was hacked and about 265 NFTs were transferred to the hacker's wallet. Source
• DeFi protocol dForce announces the launch of its staking feature and offers both Free Staking and Lock-up Staking. Source
• Binance CEO Changpeng Zhao was invited to meet the President of El Salvador Nayib Bukele in Latin America to talk about cryptocurrency regulation and more. Source
• EU's MiCA bill moves forward without Bitcoin limiting provision. Source
• CoinDesk will hold the 2022 Consensus Conference in Austin, Texas, USA from June 9-12. Source

NFT

• Axie Infinity plans to move towards community governance as well as decentralization through three phases. Source
• Two masterminds of the NFT Project Frosties scam are charged in court. Source
• Illuvium goes live with Staking v2, allowing community members to stake tokens and receive rewards. Source
• Australian crypto exchange CoinSpot will launch an NFT marketplace this week. Source
• Grammy-winning DJ Diplo will release a solo single on the tokenized royalty platform Royal. Source
• Sotheby’s expands NFT arm with Liverpool FC partnership. Source
• American singer Madonna changed her Twitter avatar to a modified BAYC #4988. Source
• Queen launched out-of-print commemorative music NFT via Melos Studio. Source
• CoinSpot will launch NFT marketplace within exchange’s own platform. Source
• Move to Earn application STEPN plans to donate a portion of its Treasury profit pool to purchase Carbon Removal Credit on the blockchain. Source
• NFT Trading Marketplace X2Y2 will burn 16 million tokens on March 26th and will burn tokens each month. Source
• NFT platform Universe launched Marketplace beta. Source

Fundings

• ShapeShift DAO's minted FOX Success Tokens receives strategic investment from Coinbase Ventures and Chapter One. Source
• Hedera-based digital privacy and identity app Meeco backed by HBAR Foundation's $100m sustainability fund. Source
• Cricket NFT platform FanCraze closes $100m Series A round with participation from Sequoia Capital India and others. Source
• Binance Labs raises additional $5m equity investment in VR metaverse project Ultiverse. Source
• Phi Labs secures $21m seed, led by CoinFund and Hashed. Source
• Bitcoin miner Greenidge Generation closed over $100m in new funding. Source
• Gaming company Red Door Digital closed $5m seed round with participation from Shima Capital and others. Source