What Happened on Nov. 8th｜BitDAO Shakes Hands with Alameda Research After 100M $BIT Controversy

DeFi

• Shell Protocol announced a future airdrop of $SHELL governance tokens to protocol users. Source
• sudoswap will launch new liquidity pools. Source
• Multi-chain liquidity protocol Swim will shut down. Source
• pSTAKE postpones the launch of Cosmos-native $stkATOM. Source
• 2.6 million $SOL (worth about $73.13 million) is set to be liquidated at $21.66. Source

CeFi

• FTX appears to have halted withdrawals, The Block reports. Source
• It's not Alameda that sold 100m $BIT, says Alameda CEO. Source
• Alameda will navigate current straits, says Bybit CEO. Source
• BitDAO: Alameda Research transferred 100M $BIT to on-chain address as requested.
• Binance will support the pNetwork (PNT) recovery plan to airdrop $BNB (BEP20) to $pGALA (BEP20) holders. Source
• BitMEX will list $BMEX on November 11th. Source
• Binance has completed wallet maintenance for the Ethereum network. Source
• About 7,499 $ETH has been transferred to Tornado Cash from Deribit exploiter via an intermediary address. Source

Infrastructure

• Solana scaling protocol Layer N is scheduled for mainnet launch next year. Source
• a16z crypto launches Ethereum light client Helios. Source
• NEAR integrates with Binance Custody. Source

Metaverse & NFTs

• LINE launches C2C marketplace on its NFT platform DOSI. Source

Policy & Regulation

• Coinbase Germany has 'organizational deficiencies', says Germany financial regulator. Source
• EU Commissioner: CBDC may need global regulation. Source

Fundings

• Crypto wallet security firm Fordefi raises $18M in a seed round with Alameda Research involved. Source
• Digital assets exchange Archax raises $28.5M in Series A led by Abrdn. Source
• Decentralized search startup Sepana closed a $10 million funding round led by Hack VC and Pitango First. Source
• Decentralized exchange GMX will join the Avalanche Rush and receive $4 million in trading incentives. Source
• NFT studio Eterlast closed a $4.5 million seed round with participation from Immutable X and others. Source
• Decentralized recruiting network Job Protocol closed a $1.5 million funding round led by Tioga Capital. Source
• Multi-chain continuous settlement protocol Zebec launches $10M ZBC Ecosystem Fund. Source