What Happened on Feb. 8th｜AI and Blockchains Don't Mix, Says Andre Cronje

DeFi

• Cardano DeFi TVL doubled, fueled by the newly launched stablecoin $DJED.
• Frax protocol founder says $FRAX stablecoin will be backed by Fed Master Account in the future.
• Canto passed a proposal to supplement the mainnet faucet to onboard new users.
• Liquid staking protocol Stride launches $stLUNA.
• Proposal to deploy lending protocol Euler to BNB Chain is approved.
• Ethereum Name Service will sell 10,000 $ETH for $USDC to diversify its treasury assets.

CeFi

• Coinbase will list Voxies ($VOXEL).
• Crypto advertising will be absent from the 2023 Super Bowl.

Infrastructure

• Chiliz's EVM compatible Layer1 blockchain goes live.
• AI and blockchains don't mix, says Andre Cronje.
• The Graph's token price soared due to revenue growth and being classified as an AI-related project.
• Moralis, a leading Web3 API provider, launched support for Aptos.

Metaverse & NFTs

• The Sandbox will collaborate with Saudi Arabian on metaverse projects.
• NFT project Pudgy Penguins launches Soulbound Token with Sotheby's.
• Louis Vuitton says the collaboration with Yayoi Kusama does not include NFT.

Policy & Regulation

• Crypto assets are among US SEC's 2023 examination priorities.

Fundings

• Aptos Labs invests in social media App Chingari.

Recommended Reading

• TokenInsight Rating Quarterly Review 2023 Jan
• Newly Listed Tokens Overview by TokenInsight [2023 Week5]
• How to Participate in Polygon DeGens