Crypto Daily Digest - September 6th

TI Research

On September 6th, Bellatrix upgrade has taken place on Ethereum Beacon Chain. Binance will auto-convert $USDC, $USDP and $TUSD to $BUSD on September 29th. The Aave community's new proposal suggests Aave DAO retribute a total of $16.28 million in retroactive funding to Aave companies. Korea Financial Services Commission will establish guidelines for security token issuance and circulation within this year. Semi-fungible token standard ERC-3525 proposed by Solv Protocol gets approved. Solana-based NFT project management tools provider Dust Labs closed a $7 million seed round with participation from FTX Ventures and others.

Ethereum mainnet Merge countdown: 9 days until the expected date (September 15th).

Infrastructure

Ethereum Merge

  • Bellatrix upgrade has taken place on Ethereum Beacon Chain. Source

Others

  • Avalanche launches AvalancheGo mandatory security upgrade Apricot Phase 6. Source
  • zkSync will suspend activities on v1 one hour before Ethereum Merge. Source

DeFi

  • Multichain liquidity protocol Symbiosis launches $veSIS mainnet. Source
  • Kyber Network has successfully removed the attack vector and has compensated for the impacted wallets. Source
  • Lido community releases a new proposal to launch interchain liquid staking service on Cosmos. Source
  • The Aave community's new proposal suggests Aave DAO retribute a total of $16.28 million in retroactive funding to Aave companies. Source
  • MonoX Finance exploiter transferred 1,300 $ETH into Tornado Cash. Source
  • Cosmos-based liquid staking protocol Stride goes live on mainnet. Source
  • dYdX reaches strategic partnership with BitKeep Wallet. Source
  • The address marked by Nansen as Three Arrows Capital has removed about 20,945 $stETH from Curve. Source 
  • $CNR on PancakeSwap appeared to have a rug pull. Source

Metaverse & NFTs

  • Semi-fungible token standard ERC-3525 proposed by Solv Protocol gets approved. Source
  • Sony Music has filed NFT and Metaverse trademark applications for the Columbia Records logo. Source 

CeFi

  • Binance will auto-convert $USDC, $USDP and $TUSD to $BUSD on September 29th. Source
  • Binance converting $USDC to $BUSD 'is a good thing', says Circle CEO. Source

Policy & Regulation

  • Australian Treasury consults public on Bitcoin foreign currency tax exclusion. Source
  • Crypto exchange Bybit barred from brokering securities in Brazil. Source
  • Korea Financial Services Commission will establish guidelines for security token issuance and circulation within this year. Source
  • Netflix will launch a new lower-priced, ad-supported subscription plan in Australia and will reject cryptocurrency advertising. Source

Fundings

  • Crypto firm 21.co has closed a $25 million funding round at $2 billion valuation led by Marshall Wace. Source 
  • Solana-based NFT project management tools provider Dust Labs closed a $7 million seed round with participation from FTX Ventures and others. Source
  • NFT trading platform Niftify closes a $7.86 million funding round led by Moonchain Capital and Audacia Capital. Source
  • DeFi investment platform Credix raises $11.25M in Series A co-led by Motive Partners and ParaFi Capital. Source

In-Depth

  • Reviewing the Evolution of Traditional Sports - Looking to the Future of Blockchain Gaming - Link

DeFi

Ethereum

NFT

PoS

Binance

Stablecoins

Aave

Lido

Cosmos

Fund Raising

Policy and Regulation

TI Research

TokenInsight is a data and research organization for the digital asset market. TI provides comprehensive asset-related data and comprehensive and timely information and research services for digital assets.