EIGEN launch fails amidst geopolitic tensions
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Happens on-chain
Trump-backed project World Liberty Financial opens up KYC verification on its website — The Block
Marc Zeller confirms that World Liberty Financial will operate an Aave instance on a separate front-end — 𝕏/lemiscate
Franklin Templeton on-chain money market fund launches on Aptos — The Block
Perps protocol Synthetix to undergo governance overhaul after near-unanimous support — The Defiant
Crypto whale lost $32M in apparent phishing attack — The Block
Four executives at OpenSea have quit the company — DLnews
Memecoin launchpad GraFun crosses $250M in volume on BNB Chain — CoinDesk
Kraken to end support for Monero (XMR) on October, 31 — Decrypt
Pike Finance raised $6.5M via presale, but added a mere $10K in liquidity on TGE — The Block
Traditional rails
Grayscale rolls out Aave fund — CoinDesk
Bitwise filed for an XRP spot ETF — The Block
SEC files notice of appeal in case against Ripple — CoinDesk
South Korean crypto exchange Bithumb considers Nasdaq listing — The Block
21-years old Indiana Man faces up to 40 years jail time for stealing $38M in crypto — CoinDesk
Telegram CEO confirms that the platform has been disclosing user IPs and phone numbers since 2018 — Cointelegraph
BBVA plans Visa-backed stablecoin launch in 2025 — Fortune
Fantasty Sports platform Sorare charged in the U.K. for allegedly providing unlicensed gambling facilities — CoinDesk
Mango Markets companies settles with SEC for $700K over sale of unregistered securities — DLnews
Tech go up
Sui bridge goes live on Ethereum Mainnet — sui.io
Visa launches pilot program on Ethereum to issue & manage fiat-backed tokens on blockchain networks — 𝕏/NateGeraci
VCs go brrr
FTX estate to sell $38M locked WLD tokens at discount — The Block
Metaverse platform SecondLive raised $12M round led by Crypto.com — crypto-fundraising.info
Fintech company RD Technologies raised $7.8M Series A — 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 — 𝕏/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.