Unichain: New L2 From Uniswap

🚀 Uniswap Developer Introduces New Layer-2 Unichain Network

Uniswap Launches Layer-2 Blockchain: The team behind Uniswap, the largest decentralized crypto exchange, is set to launch Unichain, a new layer-2 network on Ethereum, using Optimism's OP Stack. This private testnet went live Thursday, October 10, 2024.

Innovative DeFi Hub Features: Unichain aims to act as a hub for decentralized finance (DeFi) across many blockchains. It will feature new technology like a trusted execution environment (TEE) and promises blocks built in just 250 milliseconds, versus Ethereum's current 12 seconds.

Call to Developers: With testnet now live, Uniswap is inviting developers to experiment with Unichain and take part in its 2025 public release, which will also feature a community validation network. Read More.

️ On today's Top Picks:

  1. 📅 Mt. Gox extends repayment deadline by a year.
  2. 👀 Zora $ZORA new 'claim' subdomain discovered.
  3. 🪨 BlackRock $BLK assets hit record $11.5 Trillion.
  4. 💰 Ithaca raises $20m in funding from Paradigm.

Read time: ⏰ 9 minutes


Crypto News


• ⭐️ Uniswap introduces Unichain, an Ethereum L2 built on the OP Stack.

• ⭐️ Mt. Gox extends repayment deadline by a year to October 31st, 2025.

• Binance launches Pre-Market spot trading; Scroll $SCR launchpool tokens available to trade.

• Ripple $XRP launches enhanced crypto custody services for banks & fintechs.

• Flashbots introduces Rollup-Boost, a verifiable block-building platform for rollups enabled by TEEs.

• Arkham Intelligence $ARKM to launch derivatives exchange next month.

• US SEC Commissioner admits agency's crypto approach has been a disaster for the industry.

• Cumberland DRW charged by US SEC for allegedly acting as an unregistered dealer when trading crypto.

• Binance Executive Tigran Gambaryan denied bail by Nigerian judge.

• OKX launches VARA-licensed crypto exchange in Dubai.

• South Korea to review lifting ban on spot crypto ETFs & institutional accounts on crypto exchanges.

• Justin Sun elected as prime minister of crypto-focused nation Liberland.

• Ubisoft to launch first crypto video game Champions Tactics on October 23rd.

Alpha


• Unichain launches Unichain: Designed for DeFi NFT mint on Zora.

• Zircuit launches Zircuit Liquidity Hub; stake to earn airdrops from Zircuit ecosystem partners.

• Caldera launches Meet the Metalayer: Eigenlayer quest on Layer3.

• Level partners with Frax Finance; adds support for $sFRAX.

• Level partners with Angle Protocol; adds support for $stUSD.

• Usual partners with Zerolend to offer $USD0, $USD0++, & $PTUSD0++ ledning pools.

• Union posts updated Roadmap to Mainnet on X.

• DeBank launches EIGEN Airdrop Hunter Web3 Badge.

• Roadmap Calendar by LayerGG.

Airdrops


• Zyfi - The Future of Paymaster on ZKsync by Earndrop.

• Weekly News Recap by Earndrop.

• EigenLayer launches $EIGEN Season 2 stakedrop for community members & operators.

• Taiko launches $TAIKO Trailblazers Season 1 rewards claim.

• ⭐️ Zora $ZORA new 'claim' subdomain discovered; airdrop potentially coming soon.

• DeBridge $DBR several hours left to initiate claim-to-CEX flow; TGE to launch on October 17th.

• Elixir posts an emoji of a camera with a flash on X potentially hinting at a snapshot.

• Prime Protocol takes snapshot; V1 points program concludes.

• ICYMI Optimism launches $OP airdrop #5 claim; eligibility based on the Superchain usage.

• ICYMI Scroll $SCR Marks Value Scenarios by Olimpio.

• ICYMI Hemi Airdrop Strategy by Earndrop.

Finance News


• Metaplanet buys additional ~$6.5m of Bitcoin $BTC, total holdings of Bitcoin worth ~$45m.

• Irys Energy $IREN class-action lawsuit alleges it overstated its computing capabilities & misled investors.

• US Inflation falls to 2.4%, higher than expectations; sixth consecutive month of declining CPI inflation.

• China expected to deploy as much as ~$283b in fresh fiscal stimulus as Beijing seeks to shore up the economy & boost confidence.

• ⭐️ BlackRock $BLK assets hit record $11.5 Trillion; growth comes as stocks reverse August sell-off.

• TD Bank $TD to pay $3b in penalties for failing to monitor & prevent money laundering.

• Rimar Capital to pay $310k in civil penalties for allegedly lying to investors.

• Tesla $TSLA unveils Cybercab robotaxi, Robovan, revamped Optimus humanoid robot, & more.

Security and Exploits


• Ardizor Syndicate by Insightful.

• ~$35m of $fwDETH was stolen by signing permit phishing signature.

• Ordinals Wallet X account posted phishing links after it was temporarily compromised.

• Fidelity confirms data breach in August; ~77k customers records compromised.

• GitLab releases security updates patching multiple vulnerabilities.

Token Unlocks


• Ethena $ENA / ~$4m / OCT 09
• Xai $XAI / ~$7m / OCT 09
• Optimism $OP / ~$7m / OCT 10
• IOnet $IO / ~$4m / OCT 11
• Aptos $APT / ~$91m / OCT 11
• Cardano $ADA / ~$6m / OCT 12
• Taiko $TAIKO / ~$18m / OCT 14
• Render $RENDER / ~$3m / OCT 14
• Cyber $CYBER / ~$3m / OCT 14
• Axie Infinity $AXS / ~$41m / OCT 14
• Starknet $STRK / ~$25m / OCT 15


Funding


• ⭐️ Ithaca raises $20m in funding from Paradigm.

• PiP World raises $10m in Seed funding from Exinity.

• Yala raises $8m in Seed funding led by Polychain Capital & Ethereal Ventures.

• Apex Fusion raises $6m in funding from TRGC.

• Trendies raises $1.75m in Pre-Seed funding led by Archetype.

• Scallop raises an undisclosed amount in Strategic funding from the Sui Foundation.

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. . .

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

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