What Happened on Dec. 9th｜SBF Willing to Testify at the December 13th Hearing

DeFi

• Chainlink Staking v0.1 pool is available to general users.
• Lending protocol Euler launches staking feature.
• Waves: $USDN uses $WAVES as collateral, but $USDN is not intrinsically linked to $WAVES.
• Helio Protocol has already bought back over 6.8M $HAY.

CeFi

• SBF is willing to testify at the December 13th hearing.
• Coinbase waives fees for converting $USDT to $USDC.
• Crypto's Amber Group will end Chelsea sponsorship and lay off over 40% of staff.
• Amber Group owes crypto lender Vauld's CEO $130 million.
• Legal counsel will issue an official statement and take potential legal actions, says Amber Group.
• CZ: SBF launched series of offensive tirades against Binance team members.
• Signature Bank reducing crypto deposits is just to accept more diversified customers, says Blofin CEO.
• Elon Musk: Twitter will soon start freeing the name space of 1.5 billion accounts.
• Gaming retailer GameStop losses nearly $95 million in third quarter.

Infrastructure

• Ethereum developers will launch new public testnet for Shanghai upgrade around December 15-16.
• Ethereum sidechain Gnosis Chain Merge is completed.
• Solana-based wallet Sollet shuts down its website, and deletes all tweets.

Policy & Regulation

• SBF didn't respond to the US Senate Banking Committee's demand that he testify.
• UK extends crypto tax break for investment managers.
• U.S. Senators: Call on Federal Financial regulators to address relationship between banking and crypto firms.
• U.S. Judge refuses to immediately approve Galaxy Digital's acquisition of Celsius subsidiary.
• Japan's Financial Supervisory Agency orders FTX Japan to suspend operations until March 9, 2023.

Metaverse & NFTs

• OpenSea will transfer ownership of Operator Filter Registry to a multi-sig controlled by CORI.
• Magic Eden hires former Forte CCO as its CGO, and will significantly increase gaming investment in 2023.