Recap of DeFi Space, September 2023
Greetings, DeFi Enthusiasts!
đ As the leaves turn golden and the air grows crisp, we are thrilled to welcome you to the September 2023 edition of your trusted DeFu Recap! The decentralized finance space has had yet another bustling month, marked by innovative breakthroughs, noteworthy developments, and dynamic market activities.
Just joking. We are in a dull bear crab market with no end in sight.
đ Noteworthy Links
Federal Reserve - Tokenization: Overview and Financial Stability Implications
Hong Kong to issue guidance on tokenizing stocks âin near termâ
US Treasury goes after Sinaloa Cartel ETH wallet used to traffic fentanyl
CFTC enforcement director calls exchanges an âobvious threatâ
CFTC charges Mosaic and its founder over a âdigital asset commodity schemeâ
Ripple CEO: The crypto community âcanât pretend regulation doesnât matterâ
Google Cloud: Data for 11 more blockchains in BigQuery public datasets
Ethereum developers discuss if Dencun upgrade may be deployed early next year
JPMorgan: Ethereumâs activity post-Shanghai upgrade has been âdisappointingâ
MakerDAO: Explore a fork of the Solana codebase for NewChain
Variant Team Chat: Speculation as Growth Strategy for Social Apps
$DYDX approved to become the native asset of the upcoming dYdX chain
OKX and Circle partner to add USDC features to OKXâs wallet and DEX aggregator
MetaMask to be usable outside the EVM ecosystem with the launch of Snaps
Astar Network is to launch a zkEVM Ethereum L2 powered by Polygon
Polygon releases proposals about the 2.0 upgrade and $POL migration
Violetâs DEX Mauve goes live for trading compliant and real-world assets
Bitwave acquires Gilded; aims to solidify its leadership in the payments economy
Disgruntled NFT holders exit the Nouns NFT collective with $27M from its treasury
How blockchain developer interest has evolved over the last decade
Polygon Labs proposes facilitating Celoâs migration to L2 with its CDK
Binance warns of stablecoin delistings as lawyers figure out MiCA
a16z: Machiavelli for DAOs: Designing Effective Decentralized Governance
OP Labs: Social Decentralization and the OP Stackâs Fault-Proof VM
Uniswap Governance: Complete initial funding of the Uniswap Foundation
Jade Protocol faces calls to liquidate its $31M token treasury
đžÂ Venture Financing
Crypto VC funding has continued to fall, hitting a two-and-a-half-year low.
Brine Fi, a ZK-powered DEX, raised $16.5M in funding.
The Base Ecosystem Fund announced its first six investments.
HELIX, an RWA protocol, closed a $2M oversubscribed pre-seed funding round.
0xPass secured $1.8M in funding, aiming to build secure login systems for web3.
Flashwire Group announced its $10M Series A funding round.
Electric Capital raised $300M in funding for its third fund.
Layer N, an L2 blockchain on Ethereum, closed a $5M funding round.
Reverie, a crypto advisory firm, launched a $20M early-stage fund.
Bubblemaps, a blockchain data visualization firm, secured $3.2M in funding.
GRVTÂ raised $7.1M in pre-seed and seed funding, hoping to build a hybrid exchange with the funds.
Freatic closed a $3.6M seed funding round, with the round led by a16z.
Orb, a social app based on Lens Protocol, announced its $2.3M funding round.
Essential secured $5.15M in seed funding, hoping to use the funds to expand their project further.
Pimlico raised $1.6M in pre-seed funding, aiming to accelerate Ethereumâs transition to smart accounts.
Zunami Protocolâs Angel Round successfully concluded.
Avantis Labs closed its $4M seed funding round, with the round led by Pantera Capital.
Rated, a startup offering infrastructure datasets, secured $12.89M in Series A funding.
Bril Finance, a portfolio manager, raised $3M in funding.
Aptos and Thala launched a $1M fund, with the fund aimed at fostering new DeFi protocols.
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