EIGEN launch fails amidst geopolitic tensions
Happens on-chain
- Trump-backed project World Liberty Financial opens up KYC verification on its website β The Block
- Marc Zeller confirms that World Liberty Financial will operate an Aave instance on a separate front-end β π/lemiscate
- Franklin Templeton on-chain money market fund launches on Aptos β The Block
- Perps protocol Synthetix to undergo governance overhaul after near-unanimous support β The Defiant
- Crypto whale lost $32M in apparent phishing attack β The Block
- Four executives at OpenSea have quit the company β DLnews
- Memecoin launchpad GraFun crosses $250M in volume on BNB Chain β CoinDesk
- Kraken to end support for Monero (XMR) on October, 31 β Decrypt
- Pike Finance raised $6.5M via presale, but added a mere $10K in liquidity on TGE β The Block
Traditional rails
- Grayscale rolls out Aave fund β CoinDesk
- Bitwise filed for an XRP spot ETF β The Block
- SEC files notice of appeal in case against Ripple β CoinDesk
- South Korean crypto exchange Bithumb considers Nasdaq listing β The Block
- 21-years old Indiana Man faces up to 40 years jail time for stealing $38M in crypto β CoinDesk
- Telegram CEO confirms that the platform has been disclosing user IPs and phone numbers since 2018 β Cointelegraph
- BBVA plans Visa-backed stablecoin launch in 2025 β Fortune
- Fantasty Sports platform Sorare charged in the U.K. for allegedly providing unlicensed gambling facilities β CoinDesk
- Mango Markets companies settles with SEC for $700K over sale of unregistered securities β DLnews
Tech go up
- Sui bridge goes live on Ethereum Mainnet β sui.io
- Visa launches pilot program on Ethereum to issue & manage fiat-backed tokens on blockchain networks β π/NateGeraci
VCs go brrr
- FTX estate to sell $38M locked WLD tokens at discount β The Block
- Metaverse platform SecondLive raised $12M round led by Crypto.com β crypto-fundraising.info
- Fintech company RD Technologies raised $7.8M Series A β crypto-fundraising.info
Airdrops
- EigenLayer lifted restrictions on EIGEN, making it tradable. Remember to claim your rewards on Mantle if you held mETH! Or Puffer, if you held pufETH.
- There are rumors on Scroll nearing TGE. Eyes open!
Upcoming events
- October, 7: XRP SEC appeal deadline
- October, 7: FTX confirmation hearing
- October, 9: Stacks Nakamoto upgrade
- October, 10: U.S. CPI
- October, 16: Tentative date for Uniswap v4 release β π/RobMcStodda
- October, 18: JPY inflation rate
- October, 23-24: Cardano Summit
- October, 30: TIA unlocks $1.05B
- December, 5-6: Emergence conference in Prague
- Going down the SUI rabbit hole? Scallop is offering a 12.34% APY to lend ETH.
- Aptos aficionado? Secure an 18.91% APR providing liquidity for the wUSDC/zUSDC pair on Cellana.
- Just use Aave. Aave offers a 15.16% APY for supplying crvUSD on Ethereum, or 15% APR if you stake GHO on Ethereum (in this case, you risk slashing, hence the higher yield).
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Disclosure: Authors may own crypto assets named in this newsletter. Stay on-chain is meant for informational and educational purposes only. It is not meant to serve as investment advice. Please consult your investment, tax, or legal advisor before making investment decisions.
