Crypto Daily Digest - October 12th

DeFi

• Solana-based DeFi platform Mango was hit by a $100m exploit. Source
• Mango exploiter launches community vote on a proposal to repay bad debt. Source
• Mango releases the detailed report of the $100m attack. Source
• Tulip Protocol was affected by about $2.5 million in the Mango attack. Source
• UXD Protocol was affected by nearly $20 million in the Mango attack. Source
• Kava 11 Liquid Staking Mainnet Launch time has been updated to October 26th. Source
• Cross-chain DEX aggregator ChainHop integrates with Curve. Source

CeFi

• Validus Power Corp executive director of strategic initiatives: Bitcoin is a hedge against monetary inflation. Source
• Chainalysis report: Eastern Europe’s crypto market active, with spikes in last year driven by Russia-Ukraine war. Source
• Grayscale says SEC unfairly rejected bid for Bitcoin ETF. Source
• Celsius asks the Court to set a deadline for customers to submit proofs of claim. Source
• Tether freezes 8.2 million $USDT on Ethereum. Source

Infrastructure

• BNB Smart Chain completes upgrade and resumes cross-chain. Source
• MetaMask integrates with settlement platform Sardine. Source
• Google now showing Ethereum wallet balances. Source
• TRON DAO: TRON has become Dominica's national blockchain infrastructure. Source

Policy & Regulation

• SEC is investigating Yuga Labs over potential securities violations. Source
• U.S. Treasury fines crypto exchange Bittrex $29M. Source

Metaverse & NFTs

• Avalanche is officially live on OpenSea. Source
• NFT marketplace Quix launches Optimism NFT bridge. Source
• Axie Infinity developer Sky Mavis will stake over 11 million $AXS. Source
• Yuga Labs launches CryptoPunks.App restoration project. Source
• Polygon announced a partnership with Web3 sports platform Sport Five Agency. Source
• Metaverse project Otherside's Twitter account is compromised. Source

Fundings

• Blockchain development platform Tatum closed $41.5 million funding round with Octopus Ventures and others. Source
• Web3 data searching company nxzy raises $40M led by Paradigm. Source
• NFT infrastructure company Gomu closed a $5 million seed round with participation from Coinbase Ventures and others. Source
• Web3 shopping platform Rye raises $14M led by a16z Crypto. Source