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

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