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:

  1. ⚖️ Former Alameda CEO Caroline Ellison faces sentencing on Sep 24th.
  2. 💸 US Inflation falls to 2.5%, lower than expectations.
  3. 👾 Indodax exploited for ~$20m; website is currently inaccessible.
  4. 🔓 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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PROTOCOLASSETSAPY
Merkl logoMerkl (Ethereum)USDCDYAD37.74%
Anzen V2 logoAnzen V2 (Ethereum)SUSDZ23.61%
Tangible Arcana logoTangible Arcana (Re.al)ARCUSD22.49%
MIM Swap logoMIM Swap (Arbitrum)MIMUSDC20.11%
Vesper logoVesper (Ethereum)FRAX18.35%
Extra Finance logoExtra Finance (Base)USDZUSDC17.67%
Pendle logoPendle (Ethereum)SUSDE(KARAK)17.37%
Merkle Trade logoMerkle Trade (Aptos)ZUSDC16.59%
. . .

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. . .

That’s it for today’s edition! See you soon.

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