What Happened on Dec. 5th｜Circle Terminates Plan to Go Public

DeFi

• Uniswap's on-chain vote on the Fee Switch proposal will go live in 14 days.
• Torah Finance will airdrop $TRH to $UNI and $CRV holders.
• Data provider Coingecko joins Access Protocol.
• $1.8 Billion $BTC taken off exchanges in last 30 days.
• Social graph protocol LinkeNetwork will provide a private message chat function with ChatGPT.
• Lending protocol Nostra launches Alpha version on StarkNet mainnet.
• Decentralized exchange Clipper goes live on Arbitrum.
• 93,618,140 $USDC burned at $USDC Treasury.

CeFi

• $USDC issuer Circle terminates its plan to go public.
• KuCoin engages accounting firm Mazars to conduct Proof of Reserves verification procedures.
• Binance Custody to safekeep Wemade’s token $WEMIX.
• Coinbase CEO Brian Armstrong said that SBF’s $8 billion "accounting error" doesn’t stand up.
• Coinbase adds Magic ($MAGIC), Rocket Pool ($RPL) and Aragon ($ANT) to the listing roadmap.
• Australian crypto exchange Swyftx announces 90 job cuts.

Infrastructure

• Nexo will launch a non-custodial wallet.

Metaverse & NFTs

• Coinbase pauses plans for BAYC NFT short film Degen Trilogy.
• Coca-Cola releases FIFA World Cup NFTs based on Heatmaps from Matches.

Policy & Regulation

• Ripple files final submission against SEC.
• Senate Banking Committee Chair: Working with federal agencies to crack down on crypto.

Fundings

• PDAX-backed startup accelerator A-Labs launches a $10m Web3 fund in Philippines.