What Happened on Oct. 25th|NEAR-based Stablecoin $USN to Wind Down

TI Research

On October 25th, Apple updated its App Store review guideline to offer in-app NFT minting, listing, and transferring. Decentral Bank will gradually wind down $USN, with minting disabled. The NEAR Foundation allocates $40 million for $USN Protection Programme grants. The Sandbox airdrops 2.6M $SAND to LAND owners. Ark Invest scoops up more Coinbase, Block, and Robinhood stock.

DeFi

  • The NEAR Foundation recommends wind-down of $USN and allocates $40 million for $USN Protection Programme grants. Source
  • Decentral Bank will gradually wind down $USN, with minting disabled. Source
  • MakerDAO community votes to approve the proposal to custody $1.6 billion $USDC with Coinbase Prime. Source
  • zkSync developer proposes to deploy Aave V3 on zkSync 2.0 testnet. Source
  • Cosmos-based liquid staking protocol Stride will launch $stINJ in November. Source
  • Options trading protocol Hegic completes Hegic Herge Upgrade on Arbitrum. Source
  • CertiK Alert tweeted that $ULME token under flashloan attack. Source

CeFi

  • Ark Invest scoops up more Coinbase, Block, and Robinhood stock. Source
  • Coinbase will list Wrapped Axelar ($WAXL). Source

Infrastructure

  • Bybit launches multi-chain Web3 platform Bybit Web3. Source

Policy & Regulation

  • FTX is not facing enforcement action yet, says Texas State Securities Board. Source
  • ASIC sues BPS Financial over crypto promo. Source
  • CFTC chair said that it's "just a matter of time" before crypto returns to conditions of spring crash. " Source

Metaverse & NFTs

  • Apple updated its App Store review guideline to offer in-app NFT minting, listing, and transferring. Source
  • The Sandbox airdrops 2.6M $SAND to LAND owners. Source
  • Neymar will launch his first NFT collection during the World Cup. Source
  • Meta and L'Oréal collaborate on Web3 startup accelerator. Source
  • Gaming public chain Oasys will launch mainnet in three phases. Source
  • Web3 entertainment and social app Melody suspends withdrawals after the attack. Source
  • Merit Circle community launches a proposal to burn 200 million $MC from community incentives allocation. Source
  • Multi-chain NFT platform NFTrade is live on Immutable X. Source
  • NFT lending protocol JPEG'd accepts Azuki and Pudgy Penguins as collateral. Source

Fundings

  • Blockchain game SPACE KILL completes a private round of financing with UpHonest Capital involved. Source
  • Binance Labs leads pre-seed funding round for Ancilla. Source
  • Ethereum Foundation launches Layer 2 Community Grants 2022 Program totaling $750,000. Source
  • Stellar Development Foundation announced a $5 million USD Enterprise Fund investment in African mobile money app Wave. Source

DeFi

Ethereum

NFT

Options

Exchanges

Derivatives

Lending

DEX

Stablecoins

Near

Fund Raising

Public Chain

Coinbase

Security Incidents

Layer 2

FTX

Metaverse

Staking

Cosmos

TI Research

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