What Happened on Oct. 31st｜Hong Kong Issues Policy Statement on Development of Virtual Assets

DeFi

• Arco Protocol's website and Discord channel are both currently offline. Source
• Celer Network launches omnichain liquidity protocol Peti. Source
• Team Finance exploiter is returning funds to projects affected by the exploit. Source
• DAO credit marketplace Porter Finance relaunches and rebrands to Arbor Finance. Source

CeFi

• Elon Musk asked Twitter employees to introduce paid verification on Twitter to help Twitter solve the bot account problem. Source
• Crypto lender Hodlnaut lost nearly $190 million in $USTC drop. Source
• SBF said that the city could emerge as a Web3, blockchain and cryptocurrency hub. Source
• Sources: FTX US encourages staff to relocate to new Miami headquarters. Source

Infrastructure

• zkSync 2.0 mainnet Baby Alpha goes live, and will open for users in early 2023. Source
• StarkNet will launch a second testnet on Goerli. Source

Policy & Regulation

• Hong Kong Government issues Policy Statement on the development of virtual assets. Source

Fundings

• Crypto wallet Braavos closed a $10 million round of funding led by Pantera Capital. Source
• Yield protocol Fluidity raises $1.3M in a seed round led by Multicoin Capital. Source
• Investment management group Lendary Asia Capital launches Crypto Alternative Debt Fund. Source