Your Weekly DeFi News in Bite-Sized Fashion
This week’s issue covers events between September 10th and September 17th, 2023
Welcome to the 161st issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between September 10th and September 17th, 2023.
🔥 The DeFi Bulletin
Banana Gun’s team dumped its treasury after discovering a token bug.
MetaMask is to be usable outside the EVM ecosystem with the launch of a new mechanism called Snaps.
BNB’s L2 network, named opBNB, went live.
The Ripple CEO remarked in Singapore recently that the crypto community needs to agree to some basic regulations.
Polygon released proposals for its 2.0 upgrades and $POL token migration.
Optimism is to distribute unclaimed funds from its first airdrop.
Bitwave acquired Gilded, hoping to solidify its leadership in the payments economy.
Astar Network is to launch its own zkEVM L2 powered by Polygon.
Finoa, a crypto custodian, aims to offer regulated DeFi via its existing custodial wallet systems.
Manta, backed by Polychain, launched Manta Pacific L2 on the mainnet.
Electric Capital, a crypto firm, closed a $300M funding round for its third fund.
Former DCG and Blockchain Capital investors launched a $20M early-stage fund at Reverie.
Flashwire Group, a financial group, secured $10M in Series A funding.
Layer N came out of stealth mode with its $5M funding round.
0xPass raised $1.8M in funding, hoping to build secure login systems for web3.
💵 State of the Stablecoins
Mountain Protocol launched its yield-bearing stablecoin called $UDSM.
💱 DEX Report
The CFTC’s enforcement director has called DEXs an ‘obvious threat.’
Violet’s DEX named Mauve went live, aiming to trade compliant and real-world assets.
💎 NFT News
The SEC charged Stoner Cats with unregistered offerings of NFTs.
Thanks for reading, and be sure to catch the 162nd issue of The Defiprime Post out this time next week!