Welcome to the 159th issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between August 27th and September 3rd, 2023.
🔥 The DeFi Bulletin
- A US court handed Grayscale a victory in a lawsuit against the SEC.
- The IRS’ Broker Rule proposal is putting DeFi in a tough spot.
- Bloomberg analysts forecasted a 75% chance of a spot Bitcoin ETF in 2033.
- Swift released the results of its experiments, showing that its infrastructure can facilitate a future transfer of tokenized value across blockchains.
- Polygon Labs unveiled a Chain Development Kit, which allows users to develop and connect L2s.
- Uniswap’s founder Hayden Adams hailed a “based” scam token sales ruling.
- PancakeSwap recently expanded to the Base network.
- Crypto VC funding has fallen even further, reaching a 2.5-year low.
- Prisma Finance announced the guarded launch of its platform.
- Stylus announced that its project went live on August 31st.
- Argent and StarkNet partnered to launch the venture studio Hito Studios.
- MoonPay launched an investment arm named “MoonPay Ventures.”
- FirstMate raised $3.75M in funding, with the round led by Dragonfly Capital.
- Stroom raised $3.5M in funding with the hope that they can bring liquid staking to the Bitcoin Lightning Network.
💵 State of the Stablecoins
- Binance encourages users to convert their $BUSD to other stablecoins.
💱 DEX Report
- Velodrome is to launch a new DEX on the Base network.
💎 NFT News
- Impact Theory was charged by the SEC with the charge being “Unregistered Offering of NFTs.”
Thanks for reading, and be sure to catch the 160th issue of The Defiprime Post out this time next week! 👋♦️👋
