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! 👋♦️👋
