Crypto Daily Digest - October 12th

TI Research

On October 12th, Solana-based DeFi platform Mango was hit by a $100m exploit, the exploiter launched a community vote on a proposal to repay bad debt. Avalanche is officially live on OpenSea. Axie Infinity developer Sky Mavis will stake over 11 million $AXS. SEC is investigating Yuga Labs over potential securities violations. Metaverse project Otherside's Twitter account is compromised.

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

DeFi

Ethereum

NFT

Exchanges

DEX

Fund Raising

Security Incidents

Solana

Cross-Chain

OpenSea

Avalanche

BNB Chain

Policy and Regulation

a16z

Paradigm

Coinbase Ventures

Metaverse

Game

Metamask

SEC

Tron

TI Research

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