The Last 168 Hours in Defi
New $BTC All Time High
ALPHA:
Everyone who bridges $OMG across the Boba network bridge will receive a 1:1 airdrop of $BOBA, the new native token of Ethereum’s next Layer 2. The snapshot will be on November 12 so you still have time to get a bag of $OMG and bridge.
MARKET:
NEW $BTC ATH! Markets are on fire…all gas, no brakes.
Cryptocurrency is about to be an officially regulated financial asset class. This makes it much more investable across the board. Two ETFs approved and flows are wild.
There it is! Bloomberg's data team in the process of adding the ProShares Bitcoin Strategy ETF to the terminal. Ticker will be $BITO. 95 bps -- less than half $GBTC's 2% fee. This thing is going live next week. Either Monday or Tuesday.
BREAKING: @SECGov has greenlit the first US #bitcoin futures ETF, for ProShares.
@nikhileshde @realDannyNelson report
NEWS:
Facebook is rebranding to a metaverse focused company…and…
19 Oct - 14:12:08 - COINBASE GLOBAL INC - FACEBOOK HAS CHOSEN COINBASE AS ITS CUSTODY PARTNER FOR ITS PILOT OF NOVI, A NEW DIGITAL WALLET
Facebook integrating Paxos’s USDP, an ERC-20 token on Ethereum, for its Novi pilot.
Yes, Facebook is using Ethereum. https://t.co/OJ7R7nqj98
CoinDesk @CoinDesk
Bank Of America
"Cryptocurrency and Digital Assets Report Oct 2021" casually mentioning #CurveFinance as a high yield option to its institutional clients.
Probably nothing.
$CRV $CVX #BoA 🎡
JUST IN: @SBF_FTX's crypto exchange has raised $420,690,000 from 69 investors in a Series B-1 funding round that values @FTX_Official at $25 billion.
@realDannyNelson reports
NFTs:
🏀 BREAKING 🏀
We’re excited to announce that as of today we are the official crypto platform of the @NBA, @WNBA, @NBA2KLeague, and @usabasketball. Let’s go!
RUGS:
Indexed Finance was exploited today and ~$16m of tokens were stolen from their Indices.
There's already a good post mortem published by the team - ndxfi.medium.com/indexed-attack…
However, let's dive a bit deeper from a technical perspective 🧵👇
1/ This morning Glide was exploited and funds were drained from the pair contracts.
We have diagnosed the root cause, and this is 100% our fault, not @0xPaladinSec. We made a fee parameter change post-audit and failed to update a number from 1000 to 10000 on the contract.
REGULATORY:
CFTC orders Bitfinex and Tether to pay $42.5m in Fines
Today we're launching our Digital Asset Policy Proposal (dApp) which we hope will help chart a course for clear regulation of cryptocurrency and web 3.0 in the US. It's critical to bring clarity to this space and ensure America remains a financial leader.
POD ‘O THE WEEK:
The excitement in the typically subdued Scoopy Troople’s voice is infectious when he describes Alchemix V2