Your Weekly DeFi News in Bite-Sized Fashion
Welcome to the 162st 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 17th and September 24th, 2023.
🔥 The DeFi Bulletin
Balancer’s front end was exploited for $238K.
Linear Finance reported an attack that drained its token’s liquidity.
Google Cloud now offers data for 11 more blockchains in its BigQuery public datasets.
JPMorgan has said that Ethereum’s activity after the Shanghai upgrade has been “disappointing.”
Ethereum core developers are discussing if the Dencun upgrade may be deployed early next year.
Coinbase has stated that a Base token is not “ruled out entirely.”
Solana’s co-founder Yakovenko stated in a Fortune commentary piece, “To keep the next great American founder in America, Congress must regulate crypto. But first lawmakers should learn how it works.”
Polygon Labs proposed facilitating Celo’s migration to Ethereum L2 with its CDK.
Injective launched its inEVM L2, aiming to support Ethereum apps.
Stader Labs tried out a “liquid restaked token”, with the goal of amplifying staking rewards.
Sino Global, Coinbase, and Libra have started a $60M web3 fund.
GRVT, a project aiming to build a hybrid exchange, secured $7.1M in pre-seed and seed funding.
Essential announced its $5.15M seed funding round, hoping to use the funds to further aid their project.
Freantic secured $3.6M in seed funding, with the round led by a16z.
Bubblemaps, a data visualization firm, raised $3.2M in funding.
Orb, a Lens Protocol-based app, closed a $2.3M funding round.
💵 State of the Stablecoins
Circle has clarified that USD coin and Euro Coin are now known exclusively as $USDC and $EURC.
Binance warned of stablecoin delistings as their lawyers determine how MiCA will apply to them.
💎 NFT News
Disgruntled Nouns NFT holders have exited the project with $27M from its treasury.
Thanks for reading, and be sure to catch the 163rd issue of The Defiprime Post out this time next week!