What Happened on Nov. 25th｜Binance Reserve Ratio for $BTC Is 101%, PoR Shows

DeFi

• All existing Hooked party pass NFT holders will be invited to the first $HOOK giveaway airdrop event.
• PancakeSwap launches Smart Router to execute trades across multiple pools.
• MakerDAO Governance approved the GnosisDAO governance token $GNO as collateral.
• GMX integrates with cross-chain DEX Chainge Finance.
• Arbitrum-based lending protocol Vesta Finance establishes Emergency Reserve.
• Interchain stablecoin protocol Harbor is live on mainnet.
• Derivatives protocol PRISM launches validator on Terra.
• Whale 0x7a16ff has withdrawn 15 million $CRV (about $10 million) from Aave V2.
• CertiK Alert: ustbonus[.]com is a phishing site.
• Whale Alert: An address with a balance of 1,127,269 $USDT has been frozen.

CeFi

• Binance releases Proof of Reserves system.
• Elon Musk says Twitter's new multicoloured verification will launch next week.
• Amber Group co-founder Tiantian Kullander passed away.
• Wemade's stock fell 30% after exchanges announced the $WEMIX token delisting.
• CZ tweeted that Binance allocated $1 billion to the industry recovery program yesterday.
• CoinList: Delays in deposits and withdrawals are technical issues, not insolvent.

Infrastructure

• Ethereum core developers signal support for 'Proto-Danksharding'.
• ConsenSys: Data collection is not in response to any regulatory inquiries.
• NEAR wallet will continue to be developed and implemented by the Pagoda team.
• Multichain supports Binance-Peg BUSD available on Polygon and Avalanche.
• StarkWare open sources Cairo 1.0, and StarkNet will support Cairo 1.0 in Q1 2023.

Fundings

• Application for BNB Chain's MVB VI Accelerator Program will open on November 28th.
• Matrixport is seeking $100 million in funding at a $1.5 billion valuation.
• Blockchain interoperability protocol t3rn closes $6.5 million in strategic round led by Polychain Capital.
• Web3 game publisher Fenix Games closes $150 million financing round.
• NFT perpetual futures DEX nftperp raises $1.7M in a seed round with Dialectic involved.