The FBI created its own crypto
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Happens on-chain
Trump’s project World Liberty Financial posts governance proposal to deploy Aave V3 instance — aave.com
World Liberty Financial announces plans to expand on Scroll (besides Ethereum) to offer cheaper fees — 𝕏/worldlibertyfi
World Liberty Financial set to raise $300M at $1.5B valuation — The Block
Chainalysis CEO steps back for ‘personal issue’ after 10 years of service — The Block
The Chinese government started sending to exchanges ETH seized from PlusToken in 2020, 542K tokens ( ~ $1.3B) remaining — 𝕏/ErgoBTC
dYdX Founder Antonio Juliano returns as CEO after stepping down in May — 𝕏/AntonioMJuliano
Unusual surge in volume for fan tokens, OG Esports leads the way — The Block
Echo competitor Legion aiming to solve extractive private markets drops whitepaper — 𝕏/legiondotcc
Traditional rails
US Justice Department charged 4 companies and 14 people on fraud allegations, FBI helped infiltrate the scheme creating its own coin — The Block
US Judge approved FTX reorganization plan, nearing distribution of $16B recovered assets — Blockworks
Crypto.com receives Wells Notice from the SEC, charges back suing the SEC — crypto.com
Following a crypto data breach, three individuals posed as delivery guys and robbed an 𝕏 user out of $4.3M in June 2024 — 𝕏/zachxbt
Media company Blockworks announces advisory arm — 𝕏/blockworksres
New HBO documentary ‘Money Electric’ claims Peter Todd is likely to be Satoshi Nakamoto — The Block
Coinbase to delist stablecoins noncompliant with MiCA in EU by December — CoinDesk
Crypto sponsors flood premier league as gambling gets pushed out — Bloomberg
UAE exempts crypto transaction from value-added tax — CoinDesk
Stripe reinstates USDC crypto payments for US businesses — The Block
Ripple plans to ‘Cross-appeal’ SEC case — CoinDesk
Tech go up
Uniswap unveils Unichain L2, set to feature 250ms blocks, cheap fees, and less MEV — CoinDesk
EIP-7781 proposal aims to reduce slot time from 12 to 8 seconds, boosting transaction throughput — Github
Celo blockchain launches Alfajores L2 testnet via hardfork
KYC chain Kinto L2 introduces cross-chain swaps with Musubi upgrade — 𝕏/ramonrecuero
Linea proposes decentralization roadmap including PoS model for block validation — The Block
deBridge unveils Hooks for cross-chain data transfers and dApp triggers — The Block
Solana aggregator Jupiter has launched a mobile version — jup.ag
Where’s the money flowing?
VanEck launches $30M fund to invest in Crypto, AI, and Fintech — CoinDesk
Interoperability permissionless network Delta raised $11M round — crypto-fundraising.info
Telegram’s TON raised $10M round by Gate Ventures — crypto-fundraising.info
Biometric network Humanode raised $10M round — crypto-fundraising.info
Bitcoin L2 BitLayer raised $9M Series A led by Polychain Capital and Franklin Templeton — crypto-fundraising.info
Binance Labs invests undisclosed sum in Sophon, ZkSync Elastic Chain — The Block
Airdrops
Ethena S2 ENA claim is live — 𝕏/ethena_labs
Mantle memecoin Puff to announce ‘ultimate trilemma’ in a few days — 𝕏/puff_drgn
Scroll announces TGE and Airdrop claim on Oct, 22 — scroll.io & marks value
HyperLiquid points campaign ended. TGE soon?
Swell’s airdrop is live — 𝕏/swellnetworkio
Optimism announces fifth airdrop wave allocating 10.3M OP($15M) — optimism.io
Thruster, DEX on Blast, enables airdrop claim — thruster.finance
Mantle is nearing the launch of COOK, the governance token for the LRT token cmETH — 𝕏/mETHProtocol
Puffer airdrop claim opens on Oct, 14 — The Block
Upcoming events
October, 10: U.S. CPI
October, 12-17: UAE Web3 Fest
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 23.76% APY to lend USDC.
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Just use Aave. Aave offers a 16.91% 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.