Crypto Daily Digest - September 5th

Ethereum mainnet Merge countdown: 10 days until the expected date (September 15th).

DeFi

• FraxSwap goes live on Dogechain. Source
• Acala releases the full trace report of $aUSD error mints incident. Source
• Stableswap Wombat Exchange launches the full version. Source
• Decentralized derivatives exchange Mycelium launches $MYC Lending. Source
• Optimism ecosystem perpetual swap exchange Pika Protocol launches liquidity incentive program. Source
• Alchemix will retire v1 and automatically migrate positions to v2 starting from October 1st. Source
• Kyber Network: The Attacker who returns funds via centralized exchanges by 10:00 UTC on September 6th will receive a 15% bug bounty. Source
• PeckShieldAlert: KyberSwap frontend exploiter already swapped 260,000 $USDC to 13 $WBTC. Source
• CertiK Alert: guardentoken[.] com is a phishing site. Source

Infrastructure

• EOS Leap 3.1.0 consensus upgrade will happen on September 21st. Source

Metaverse & NFTs

• Renault Korea and The Sandbox enter into partnership. Source
• NFT watchdog Rug Pull Finder has been exploited by a smart contract vulnerability. Source
• Korea's LG Group will launch NFT marketplace LG Art Lab. Source
• Copper rebrands to Fjord Foundry and launches NFT LBP product Fjord Drops. Source
• SPACE ID will launch .bnb domain public registration on September 13th. Source

CeFi

• Binance will suspend deposits and withdrawals for $ETH and $WETH on multiple networks on September 6th. Source
• Nigeria plans to create a virtual free zone with Binance. Source
• Binance Convert adds $SNM and $BETH. Source

Policy & Regulation

• Deputy Finance Minister: Bank of Russia and Finance Ministry expect to legalize crypto cross-border payments soon. Source
• Iran has started licensing crypto miners under a new regulatory framework. Source

Fundings

• African crypto gaming DAO Metaverse Magna (MVM) has closed a $3.2 million seed round with participation from HashKey Capital and others. Source
• Web3 startup Reveel closed a $1.3 million pre-seed round with participation from Binance Labs and others. Source