Defi
Okx to launch zk L2 using polygon’s zk CDK. The L2 will be named X1 and $OKB will be used for gas
Low cast in built cross chain swaps soon on Phantom
Vertex LBA went live
Vitalik hyped for Plasma
Woo paused trading due to protect users innit due to one of its major liquidity providers Kronos Research recently experienced a hack
Jp Morgan and ApolloGlobal asset management platform- Onyx, leverage Avax subnet to create RWA Proof of Concept to bring tradfi assets onchain w aid of L0
Binance invests in #ARKM
Soon ENS on L2s. Cheap gassss for registering, renewal etc
#TIA bullish thesis
Sol phone- Saga, vulnerability
dydx lost $9M from V3 insurance fund due to a targeted attack on Yearn $YFI, forcing DYDX insurances funds to be used to cover up liquidation. 13.5M remains in the fund, ensuring the safety of users' funds. They're responding by raising margins in low-liquidity markets
Spartan labs invest in Pendle
Aave rebrands to Avara and announces acquisition of Los Feliz Engineering, known for the Ethereum wallet Family and ConnectKit. Avara becomes the parent entity encompassing Aave, Lens, stablecoin GHO, Sonar, and other brands.
Recently Traderjoe front end was exploited but has been fixed now
Intentx is live. 60x leverage across 180 asset pairs. Different Intent based architecture from traditional order book. Live on Base.
Sushi expands to ZetaChain for native BTC support
SOL pool on Camelot
Pancakeswap goes gamefi
Eigenlayer stage 2 testnet
L0 releases new updates on its explorer
Onchain Payments on Base
Vivacity launches a lending market on Canto allowing borrowing against RWAs
Berachain starts validations
Kamino, borrow/lend market in solana is live
AI prime time.
Alpha launch of Zkp trustless fiat to crypto on-ramp on Base
Unibot now a standalone trading terminal. No need to go through telegram and 0 trading fees for next 10 days
$KAS live on Rollbit
Fund raises this week
Airdrop
Blur airdrop on Monday
Pyth has reduced airdrop criteria so more users can be eligible and allocations to previous users increased
All you need to know on $JUP airdrop
State of the Market
Backend of Coin Cloud compromised; it’s a bankrupt Bitcoin ATM
TheBlock sold majority stake to Foresight Ventures, a Singapore VC firm
Earlier this week there were rumors of BlackRock filing iShares XRP. However, it’s fake news.
Big fund shorter, Michael Blurry closes $1.6B short bet against the market with 40% loss
Commerzbank of Germany granted crypto license
Production costs down. GUD for BTC
Tether court win
BlackRock bids ETH
Vivek Ramaswamy promises for crypto
Sam Altman ousted by OpenAI board
But seems he might be back.
The SEC's Trading & Markets Division is engaging with exchanges regarding Spot Bitcoin ETF 19b-4 this week. They suggest the ETF create cash, not physical assets, and propose a revised submission next year.
Fidelity files for Spot ETH ETF
Ze end 🐍
Thank you Salazar