Welcome to the 167th issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between October 22nd and October 29th, 2023.
🔥 The DeFi Bulletin
- The IRS is proposing that crypto service providers may need to collect data on their users, including names and Social Security numbers.
- Congressmen Cynthia Lummis and French Hill have urged the DOJ to decide whether or not to charge Binance and Tether for aiding Hamas.
- PetroChina completed its first international crude oil trade in the digital Yuan ($e-CNY).
- Walmart and Outlier Ventures have joined together to create a web3 accelerator, Store Nº8 Base Camp.
- Marinade, Solana’s largest protocol, began to block UK users over FCA compliance concerns.
- Uniswap’s DAO proposed investing $12M $UNI into Ekubo in exchange for a 20% share in Ekubo’s governance.
- dYdX open-sourced its V4 code ahead of its transition to a Cosmos blockchain.
- dYdX later launched on the mainnet as a standalone Cosmos L1. The chain later made plans to distribute network fees to validators and stakers.
- CoinGecko released its Q3 crypto industry report.
- VanEck released its valuation predictions for Solana by 2030.
- Neo announced plans for Ethereum compatibility using a sidechain.
- Sense Finance announced the sunset of Sense’s protocol and the open sourcing of its UI.
- Nocturne Labs, a privacy protocol firm, raised $6M in funding.
Thanks for reading, and be sure to catch the 168th issue of The Defiprime Post out this time next week! 👋♦️👋
