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

TI Research

icon On December 23rd, Sam Bankman-Fried was released on $250M bail. The Graph migrated its billing contract to Arbitrum. Avalanche upgraded to "Banff 5" to introduce direct communication between subnets. Synthetix launched Synthetix Perps V2 for perpetual futures trading.

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.
DeFi FTX SBF Ethereum Layer 2 Derivatives Avalanche OpenSea DAO
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