What Happened on Oct. 26th|Elon Musk Plans to Close Twitter Acquisition on Friday

TI Research

On October 26th, Elon Musk plans to close the Twitter acquisition on Friday. Sushi DAO has voted in favor of a new legal structure that will create three new entities to manage the DAO and the protocol. Polygon partners with Axelar to expand Interoperability of Polygon Supernets. BNB Chain launches a $10M Growth Incentive Program, and will support 10 projects in Q4.

DeFi

  • Sushi DAO has voted in favor of a new legal structure that will create three new entities to manage the DAO and the protocol. Source
  • Compound's community proposal regarding pausing supply of $ZRX, $BAT, $MKR, and $YFI on Compound III got passed. Source
  • $NWT price drops 53% on PancakeSwap. Source
  • Ribbon Finance is considering second round of lending pools for Ribbon Lend. Source
  • AMM protocol Voltz launches Voltz Soulbound tokens and Trading League. Source

CeFi

  • Elon Musk plans to close the Twitter acquisition on Friday. Source
  • Binance will support the Kava Network upgrade and hard fork. Source
  • Payments service provider BitPay will add support for $MATIC this week. Source

Infrastructure

  • Polygon-Axelar partnership to expand Interoperability of Polygon Supernets. Source
  • zkSync 2.0 testnet completes regenesis. Source
  • Decentralized frontend hosting protocol Armada Network announces public launch. Source
  • Hack identification and mitigation protocol Lossless partners with Harmony. Source
  • BitKeep Wallet integrates with Dogechain. Source
  • The Phantom Wallet Twitter account has been officially banned for unknown reasons. Source

Metaverse & NFTs

  • Crypto-friendly bank SEBA has added an NFT custody solution. Source
  • CertiK Alert tweeted that the NFT project Primordials Discord has been hacked. Source
  • The proposal launched by Merit Circle's community to burn 200 million $MC from the community incentives allocation got passed. Source
  • Tiffany will show CryptoPunks custom pendants to NFTiff holders on October 26th. Source

Policy & Regulation

  • UK lawmakers vote in favor of recognizing crypto as regulated financial instruments. Source
  • Singapore Central Bank proposes stablecoin rules to reign in crypto sector. Source
  • Poll says voters want policy interests to align with crypto, technology. Source

Fundings

  • BNB Chain launches a $10M Growth Incentive Program, and will support 10 projects in Q4. Source
  • Sui Foundation launches developer grants program. Source
  • Aptos ecosystem stablecoin protocol Thala Labs closed a $600 Million seed round led by ParaFi Capital, and others. Source
  • Global settlement banking platform Arf closed a $13 million round with participation from Circle Ventures, and others. Source
  • Digital asset data provider Amberdata acquires crypto options analytics company Genesis Volatility. Source

DeFi

Ethereum

NFT

Exchanges

DEX

Fund Raising

Binance

Public Chain

BNB Chain

Elon Musk

Layer 2

Polygon

Sushiswap

Lending

Wallet

Policy and Regulation

TI Research

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