What Happened on Dec. 23rd｜SBF Released on $250M Bail

DeFi

• Synthetix launches Synthetix Perps V2 for perpetual futures trading.
• The Graph migrates its billing contract to Arbitrum.
• Ren DAO votes to approve proposal regarding setting up Ren Foundation and minting new Ren tokens.
• Ethical crypto hackers won $52 million in bug bounties via Immunefi in 2022.
• Bifrost launches $BNC's liquid staking derivative $vBNC.

CeFi

• OKX publishes the second Proof-of-Reserves, promises monthly publication.
• Sam Bankman-Fried was released on $250M bail.

Infrastructure

• Avalanche upgrades to 'Banff 5' to introduce direct communication between subnets.
• Kava is now live on Axelar Network.

Metaverse & NFTs

• OpenSea CEO wants to work with Apple on NFT apps.
• OpenSea blocks Cuban artists and collectors from its platform, citing U.S. Sanctions law.
• ApolloX's OAT NFT holders get whitelisting access to its new product.

Policy & Regulation

• Marshall Islands passed a new law recognizing DAOs as limited liability companies.