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- Aave Debates Coinbase’s Upcoming $cbBTC
Aave Debates Coinbase’s Upcoming $cbBTC
💰 Aave Debates Using Coinbase's Wrapped Bitcoin
Decentralization Concerns: Aave community is debating whether to adopt Coinbase's wrapped Bitcoin (cbBTC) on its platform, sparking concerns over centralization. Coinbase controls cbBTC, raising issues about decentralization.
Community Reactions: Some community members worry this move could concentrate power within Coinbase, contradicting Aave’s decentralized principles. The debate also explores how cbBTC would affect liquidity and market dynamics.
Decision Pending: Aave’s governance will vote on the proposal soon. The outcome will determine if cbBTC is integrated, with possible implications for Aave’s decentralized ethos and the broader DeFi ecosystem. Read More.
️ On today's Top Picks:
- ⚖️ Former Alameda CEO Caroline Ellison faces sentencing on Sep 24th.
- 💸 US Inflation falls to 2.5%, lower than expectations.
- 👾 Indodax exploited for ~$20m; website is currently inaccessible.
- 🔓 Starknet $STRK token unlock worth ~$26m on Sep 15th.
Read time: ⏰ 8 minutes
Crypto News
• ⭐️ Former Alameda CEO Caroline Ellison to face sentencing on Sep 24th; Ellison’s attorneys ask for no jail time.
• PayPal & Venmo launch support for Ethereum Name Service $ENS domains.
• Paxos to launch products on Arbitrum $ARB; currently live on Ethereum, Polygon & Solana.
• Nansen acquires stakewithus, a non-custodial staking service provider.
• Tether, TRON & TRM Labs establish T3 Financial Crime Unit to combat illicit activity with $USDT on TRON.
• US CFTC partners with several organizations to fight against crypto pig butchering scams.
• tZero becomes second US-compliant digital assets securities firm; joins controversial firm Prometheum as one of two.
Alpha
• ⭐️ Base teases upcoming launch of $cbBTC; AAVE proposal sparks debate.
• Karak launches Phase 2 of Keystone Testnet, the final phase before Mainnet.
• Zora opens its mobile app to everyone.
• Blackwing sunsets Testnet; Mainnet announcement coming soon.
• Stani posts, "Lens is entering a new chapter..."
• Guild launches exclusive anniversary 3 Years of Guild NFT.
• September - November Roadmap Calendar by LayerGG.
Airdrops
• Jumper Airdrop Strategy by Earndrop.
• EigenLayer Early Contributors have until Sep 13th to verify eligibility for Season 2 Stakedrop.
• ICYMI Weekly Airdrop News by Earndrop.
• New Airdrop Campaigns by CryptoRank.
• ICYMI LogX introduces $LOGX token; 12% set for Airdrop Season 1 & 40% set for future community rewards.
Finance News
• ⭐️ US Inflation falls to 2.5%, lower than expectations.
• Core Scientific $CORZ eyes $25-$30b valuation with new AI data center contracts.
• CleanSpark $CLSK to buy 7 Bitcoin mining facilities for $27.5m
• Metaplanet buys additional $2m of Bitcoin $BTC; total holdings now worth ~$26m.
• Standard Chartered begins offering custody services for digital assets in the UAE.
• BRICS confirms 159 participants will adopt new payment system.
• OpenAI in talks to raise $6.5b at a valuation of $150b.
• K Bank files for IPO with up to $732m raise & $3.7b valuation; would be the biggest South Korean listing in ~3 years.
• TD Bank ordered to pay $28m by US CFPB for misreporting consumer credit data.
• GameStop $GME reports better-than-expected Q2 earnings, but sales dropped more than 30%.
Security and Exploits
• ⭐️ Indodax exploited for ~$20m; the website is currently inaccessible as team conducts maintenance.
• Microsoft releases Windows security updates patching 4 zero-days & 79 vulnerabilities.
Token Unlocks
• Aptos / 11.31m $APT / ~$71m / SEP 11
• IOnet / 2.11m $IO / ~$3m / SEP 11
• Cyber / 886.12k $CYBER / ~$3m / SEP 13
• Render / 760.57k $RENDER / ~$4m / SEP 14
• Axie Infinity / 815.63k $AXS / ~$4m / SEP 14
⭐️• Starknet / 64m $STRK / ~$26m / SEP 15
• Ethena / 14.89m $ENA / ~$3m / SEP 15
• Arbitrum / 92.65m $ARB / ~$49m / SEP 16
Funding
• Huma Finance raises $38m in Series A & Liquidity funding.
• PIN AI raises $10m in Pre-Seed funding.
• Castile raises $8m in funding led by SevenX Ventures.
• Moku raises $5.35m in funding led by Sky Mavis & a16z Games.
• Fountain raises $3.5m in Seed funding.
• Ammalgam raises $2.5m in Seed funding led by Faction & Framework Ventures.
• t1 Protocol raises $2.5m in Pre-Seed funding
• Hyberbridge raises $2.5m in funding from the Web3 Foundation & Scytale Digital.
• Vibes raises $2m in Pre-Seed & Angel funding.
• Carrot raises $600k in Pre-Seed funding.
• Cork Protocol raises an undisclosed amount in Pre-Seed funding.
• Blum raises an undisclosed amount in funding from Binance Labs.
• BSX raises an undisclosed amount in funding from HTX Ventures.
• MyShell raises an undisclosed amount in funding from 071labs.
The Degen Farmer
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PROTOCOL | ASSETS | APY |
---|---|---|
Merkl (Ethereum) | USDCDYAD | 37.74% |
Anzen V2 (Ethereum) | SUSDZ | 23.61% |
Tangible Arcana (Re.al) | ARCUSD | 22.49% |
MIM Swap (Arbitrum) | MIMUSDC | 20.11% |
Vesper (Ethereum) | FRAX | 18.35% |
Extra Finance (Base) | USDZUSDC | 17.67% |
Pendle (Ethereum) | SUSDE(KARAK) | 17.37% |
Merkle Trade (Aptos) | ZUSDC | 16.59% |
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That’s it for today’s edition! See you soon.
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