Welcome to the 185th issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between March 3rd and March 10th, 2024.
🔥 The DeFi Bulletin
- OrdiZK, a Bitcoin bridge, suffered a $1.4M rug pull.
- ShapeShift, a cryptocurrency firm, agreed to pay $275K to settle with the SEC over its unregistered securities dealer charges.
- SEC delayed its decision on BlackRock’s proposal for a spot Ethereum ETF, seeking public feedback instead.
- MakerDAO implemented temporary fee hikes to prepare for a potential demand shock.
- Grayscale and Coinbase also met with the SEC to discuss spot Ethereum ETFs.
- Avalanche released its Durango upgrade, unveiling features like a “Teleporter,” which will boost subnet interoperability.
- A piece by Coindesk speculates that the Ethereum Dencun Upgrade could mean near-zero fees for L2 chains.
- Wormhole announced an airdrop of 617M $W tokens to its past users.
- Aevo offered pre-market trading for its own token ahead of its upcoming airdrop on March 13th.
- Gnosis announced the third version of its platform.
- Kamino, a Solana protocol, set its $KMNO token airdrop to occur in April.
- zkLink Nova, a platform for aggregating Ethereum Rollups onto one L3 network, was announced.
- Injective’s inEVM L2 launched on the mainnet.
- The Fellowship of Ethereum Magicians announced a proposal to add a new standard, ERC-7647, to create fungible NFTs.
- Base announced its support for EIP-4844 from “Day 1” after the Dencun upgrade.
- Revolut launched an ability to directly purchase crypto into MetaMask wallets with the goal of simplifying web3 usage.
- Utila, an institutional crypto platform, secured $11.5M in seed funding.
- Mirana Ventures announced its partnership with TON, which includes an $8M funding round for TON.
- Firewall, a security insurance firm, closed a $3.7M pre-seed funding round.
- Slack, an on-chain points startup, raised $3M in seed funding.
- Scallop Protocol, a project on Sui, announced its $3M funding round.
- Hedgehog Protocol closed its $1.5M funding round, aiming to use the funds to create a modular synthetic blockspace.
- SX Network announced its strategic funding round, which raised an undisclosed amount of funding.
- Check out our takeaways about ETHDenver 2024.
- Shards Farming is still available for Ethena.
💵 State of the Stablecoins
- Ethena Labs, a stablecoin project, raised $4M for its $USDe treasury.
Thanks for reading, and be sure to catch the 186th issue of The Defiprime Post out this time next week! 👋♦️👋
