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DeFi

Arbitrum, Ethereum Scaling Network Will Be Going Under a Major Upgrade on August 31
Ethereum (ETH)
Arbitrum Creator Offchain Labs Acquires Prysmatic Labs, Leaders of Ethereum (ETH) Development Team

The Prysmatic Labs team – responsible for architecting the Merge – will continue developing Prysm and initiatives like EIP-4844 data-sharding.

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Hack mango rotten worm broken
Solana (SOL)
DeFi Hack Season Continues as TempleDAO (TEMPLE) and Mango Markets (MNGO) Lose over $100M

The TempleDAO attacker stole about $2.34M. The Mango Markets exploiter pocketed over $100M.
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EU monitoring law crypto ethereum
Ethereum (ETH)
EU lawmakers move closer to crypto regulation, plan to monitor DeFi activity on Ethereum (ETH)

European Parliament voted in favor of MiCA legislation, European Commission released a pilot project to gather DeFi data in real-time.

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Binance changpeng zhao decentralised floating
Binance News
Binance Is a “Big Proponent of Decentralization,” Says Binance CEO

Binance co-founder and CEO Zhangpeng Zhao (CZ) has recently put his own thoughts on centralization vs. decentralization.
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Crypto Market News
Crypto Investment Firm Blockwater Defaults on $3.4M Loan from TrueFi

The lending protocol said that despite efforts to restructure the loan, Blockwater failed to make a scheduled payment on time.

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polygon Zero Knowledge Scaling Solution machine scientist launch
Altcoins
Polygon Launches World’s First Zero Knowledge Scaling Solution In Testnet

Polygon has launched Polygon Zero Knowledge Ethereum Virtual machine (zkEVM), the first Ethereum-equivalent scaling solution.
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opensea leaving walk-the-plank nft
NFTs
OpenSea’s CFO Steps Down After Just Ten Months

Another Web3 executive to leave their position during the ongoing bear market.

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MakerDAO MKR us bonds
Altcoins
MakerDAO (MKR) to Invest $500M in US Treasuries and Bonds

The governing body behind the protocol will invest $400 million in US treasuries and $100 million in corporate bonds.

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sushiSwap_SUSHI investment
Altcoins
SushiSwap (SUSHI) Spikes 19% After Asset Manager GoldenTree Discloses $5.2M Investment

The governance token went from $1.10 to $1.31 but is still down 95% from its all-time high.

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Sovryn, a Bitcoin DeFi Protocol Suffers $1.1 Million Exploit, Funds Recovered
Bitcoin (BTC)
Sovryn (SOV), a Bitcoin-Based DeFi Protocol, Suffers $1.1M Exploit, Funds Recovered

Sovryn, a project that aims to bring decentralized finance to the Bitcoin network, suffered a major exploit on October 5th.
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Solana DeFi Protocol
Altcoins
Solana’s (SOL) DeFi Protocols Raise $40 Million In Q3

DeFi protocols get attention from institutional investors.

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Three Arrow Capital NFT
NFTs
Three Arrows Capital (3AC) Moves Million Dollar-Valued NFTs To New Wallet

Reportedly, over 300 NFTs were transferred to a Gnosis Safe wallet.
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Indian Crypto Exchange, WazirX Cuts Workforce By 40% as Crypto Winter Bites Harder
Exchanges
Indian Crypto Exchange WazirX Cuts Workforce By 40% As The Crypto Winter’s Grip Tightens

WazirX, one of the fastest-growing cryptocurrency exchanges in India, has laid off approximately 40% of its workforce.
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Co Founder of Failed Crypto Exchange QuadrigaCX, Michael Patryn, Starts DeFi Protocol
Exchanges
Michael Patryn, Co-Founder of Failed Crypto Exchange QuadrigaCX, Starts DeFi Protocol

Patryn has served time in the U.S. prison before being deported to Canada.

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Vasil Upgrade Ready to Launch as Cardano Meets All ‘Critical Mass Indicators’
Altcoins
Vasil Upgrade Ready to Launch as Cardano (ADA) Meets All “Critical Mass Indicators”

Cardano is now ready to implement the highly anticipated Vasil upgrade, which promises to make the network more scalable.
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Sweat Wallet Sees 45M Sweatcoin Sweat Staked One Week After Launch
Altcoins
Sweat Wallet Sees $45M Sweatcoin (SWEAT) Staked Just One Week After Launch

Going the extra mile pays off with Sweatcoin, where Sweat Jars can be grown with juicy annual returns.
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Bankrupt Lender Voyager Top Bidders Binance and FTX Making Moves
Binance News
Crypto Exchanges FTX And Binance Emerge As Top Bidders In Voyager Asset Auction

Exchanges FTX and Binance have reportedly made the highest bids for the assets of the bankrupt crypto lender Voyager Digital.
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Crypto Market News
Cake DeFi’s Newly Launched Earn is a Dedicated Hybrid Product For Conservative Investors

Cake DeFi, a renowned fintech firm that provides easy access to Decentralized Finance (DeFi), has today announced the launch of
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Press Releases
Infinity Exchange Raises $4.2M Seed To Accelerate Institutional DeFi & Create The Next Trillion-Dollar Market

Infinity Exchange, a decentralized finance protocol that provides institutional grade capital efficiency for traders, yield farmers and global fixed-income investors,
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Cake DeFi Consolidates Global R&D for Digital Assets and Blockchain Technologies in Singapore
Crypto Market News
Cake DeFi Consolidates Global R&D for Digital Assets and Blockchain Technologies in Singapore

Cake DeFi, a Singapore-based fintech firm, announced on September 13th the launch of its global R&D hub, Birthday Research.
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