What Happened on Nov. 28th｜BlockFi Becomes Latest Crypto Company to File for Chapter 11 Bankruptcy

DeFi

• Cross-chain bridge Across Protocol launches $ACX, the airdrop is available to claim.
• Ethereum community makes an inside joke about "$WETH depegged".
• Euler Finance released proposal eIP 31, which proposes to move WBTC to an explicit Wrapped Bitcoin Chainlink oracle.
• Aave decommissions low liquidity asset pools to protect against attacks.
• Asset management protocol Tranchess is live on Ethereum, launches liquid staking product $qETH.
• Abracadabra calls on Sushi for emergency assistance as faulty oracle places $10m at risk.
• Whale 0x561f has swapped 15 million $USDC for about 15 million $USDT on Curve.
• The first draft of SushiSwap's new tokenomics completed and will be presented internally next week, says SushiSwap's new CEO.
• Andre Cronje: Fantom currently owns over 450 million $FTM.

CeFi

• Crypto lender BlockFi officially filed for Chapter 11 bankruptcy.
• Bitfront, the crypto exchange owned by Japanese social giant LINE, will close.
• Whale Alert: 127,351 $BTC transferred from Binance to unknown wallet.
• CZ: About 120,000 $BTC transferred from Binance is part of Proof-of-Reserve Audit.
• Action Fraud report: UK crypto fraud climbs by a third to over $270 million.
• Vice president of crypto exchange AAX has announced his resignation.

Infrastructure

• Telegram wallet bot allows users to purchase and sell bitcoin.

Metaverse & NFTs

• Beta mainnet of NFT perpetual futures DEX nftperp is now live.

Policy & Regulation

• Civil and criminal investigations into FTX are ongoing, says Bahamas Attorney General.
• Putin calls for international settlements based on blockchain and digital currencies.

Fundings

• Game7, a Web3 gaming DAO supported by BitDAO and Forte, has launched a $100 million grant program.
• Crypto savings company Ejara raises $8M in Series A co-led by Dragonfly Capital and Anthemis.
• Institutional staking platform Kiln raises €17M with ConsenSys involved.