🦅 Arbitrum Odyssey makes a return

☕️ On today's Top Picks:

  1. CZ denies reports that Binance US used Ceffu or Binance Custody.
  2. FTX bankruptcy estate has sues Sam Bankman-Fried's parents.
  3. Balancer frontend hacked after DNS attack.
  4. Arbitrum Odyssey returns.

Read time: 6 minutes

Alpha

Arbitrum Odyssey returns. Arbitrum Odyssey: Reignited explores 13 different Arbitrum projects over the next 7 weeks. Participants can collect up to 16 custom NFT badges during the initiative.

Taiko Alpha-5 testnet is live. Users can participate in the Jólnir testnet with a guide found in the Taiko documention. Taiko is ZK-Rollup and previously raised $22 million.

🪂 Airdrops

Optimism airdrop #3 sent out to eligible recipients. Eligibility was based on governance delegation and considered the amount of $OP delegated combined with the duration of delegation.

Infrastructure airdrop strategy. Covers strategies for Infura, Alchemy, and Flashbots.

Arbitrum airdrop claim expiring. Claim if you have not already.

📰 TRADFI News

U.S. national debt reaches an all-time high of $33 trillion.

U.S. FOMC meeting is today 1830 UTC. Economic projections and interest-rate decision will be discussed.

Binance US auditor found it, "Very difficult to ensure the company was fully collateralized at specific points in time," according to unsealed court filings.

CZ denies reports that Binance US used Ceffu or Binance Custody. This contradicts previous statements by Binance US in legal filings.

Binance US inspection request by SEC denied by judge. Judge orders Binance US provide more documentation to the SEC.

FTX bankruptcy estate has sues Sam Bankman-Fried's parents to recover fraudulently transferred and misappropriated funds.

SEC official, David Hirsch; states more cryptocurrency exchanges and DeFi projects could face charges for failing to make proper disclosures or for failing to register with the agency. Hirsch is head of the SEC's Crypto Assets and Cyber Unit.

Citigroup bank expands to digital asset services with bond custody and tokenized deposits after partnering with BondbloX Bond Exchange.

Japan's largest investment bank, Nomura; launches Bitcoin Adoption Fund for institutional investors. The fund was launched by Nomura's subsidiary company, Laser Digital Asset Management.

U.K. Online Safety Bill passes, applies to the "Metaverse." Bill requires companies to asses likelihood of users encountering illegal content, if that content could be harmful, and how companies mitigate it.

Stanford University returning $5.5 million of FTX donations

📰 DeFi News

Polygon zkEVM Dragonfruit upgrade successful. Polygon zkEVM Mainnet Beta is now up to date with the latest version of Solidity.

Optimism opens applications for RetroPGF Round 3. 30 million $OP will be allocated to the builders, artists, creators, and educators who have demonstrated their impact in building the Optimism Collective.

Taiko v0.21.0 changelogs released. Includes protocol, node, and product updates.

Metis launched $5 million DeFi incentive program in collaboration with several DeFi dApps.

Injective collaborates with Caldera to introduce inEVM, an Ethereum Virtual Machine capable of achieving composability across Cosmos and Solana.

Canto announces migration to a ZK Layer 2 on Ethereum using Polygon Chain Development Kit. The chain will be dedicated to Real World Assets in support of the next wave of application-layer adoption via neofinance.

Aztec announces Aztec Sandbox. Aztec Sandbox is a local developer testnet for smart contract privacy.

Zapper integrates Arbitrum features. Features include trends where users can discover top actions on Arbitrum, account activity where users can view their transaction history, and curation where users can label and interpret events.

DeBank paid features launching on September 27th. Free trial and current pro features will be discontinued on the same day.

Galxe 2.0 unveiled. Introduces the Galxe mobile app, Galxe Smart Balance feature, Galxe Web3 Score, and the ability to bind multiple wallet addresses to one Galxe ID.

L2BEAT adopts new Total Value Locked (TVL) framework. Layer 2 tokens are now included in calculations by default.

Diva, Ethereum's first Liquid Staking solution powered by Distributed Validators; launching its Early Staker Initiative on September 25th.

🛡 Security and Exploits

Balancer frontend hacked after DNS attack. DO NOT use the Balancer frontend.

CoinEx Global resuming deposit & withdrawal services starting September 21st at 0800 UTC following $70 million hack

MetaMask & Wallet Guard State of Security X space is today at 1900 UTC. The X space will breakdown the latest threats, best security practices & MetaMask Snaps.

Slowmist weekly security report released. Key points include 7 security incidents with a total of ~$75.77 million of estimated losses and a noted trend of increased attacks on cryptocurrency exchanges and high-profile individuals.

💰 Funding

Blockchain Capital raises $580 million for two new cryptocurrency investment funds.

Oak Grove Ventures launches $60 million fund. The new venture capital fund is founded by Alchemy Pay co-founder, Shawn Shi.

Fuze, a blockchain infrastructure platform; raises $14 million in Seed funding round.

Jiritsu Network, a verifiable computing platform; raises $10.2 million across two funding rounds.

Swisstronik, an identity-based Layer 1 blockchain; raises $5 million in Seed funding round.

That's it for today's dose! See you soon.

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