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

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