What Happened on Jan. 10th｜Coinbase Announces Third Layoff in Seven Months

DeFi

• Flare Network airdrops 4.279 billion $FLR to qualified $XRP holders.
• e-Money ceases issuance of Euro-backed stablecoin eEUR.
• Defrost Finance deploys the refund contract, allowing users to claim refunds tomorrow.
• yearn.finance launches Permissionless Vault Factory.
• Boba Voyage was paused due to user experience issues.
• Solana-based real estate derivatives platform Parcl is now live.
• New Free DAO exploiter has transferred about 1,200 $BNB to Tornado Cash.

CeFi

• Coinbase will cut 950 jobs.
• Gemini co-founder requests DCG to remove Barry Silbert as CEO.
• Longling Capital has repaid all borrowed on Compound.
• BlockFi will file assets and liabilities for bankruptcy case on Jan. 11th.
• Coinbase removes Lido Staked SOL ($STSOL) from its listing roadmap.

Infrastructure

• Mantle, a Layer2 solution developed by BitDAO, goes live on testnet.
• ConsenSys zkEVM private beta is now open for selected users.

Policy & Regulation

• SEC investigating Mango Markets exploiter Avraham Eisenberg.
• Former FTX engineering chief Nishad Singh met with federal prosecutors.

Fundings

• Metaverse infrastructure company Worlds closed a $21 million Series A1 funding round led by Moneta Ventures.