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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PROTOCOLASSETSAPY
Cetus AMM logoCetus AMM (Sui)USDCWUSDC42.56%
Notional V3 logoNotional V3 (Ethereum)NUSDC34.01%
Turbos logoTurbos (Sui)USDTUSDC23.72%
Extra Finance logoExtra Finance (Base)DOLAUSDC23.50%
Aerodrome V1 logoAerodrome V1 (Base)DOLAUSDC21.53%
Tangible Arcana logoTangible Arcana (Re.al)ARCUSD21.03%
Pendle logoPendle (Ethereum)USDS20.61%
Aura logoAura (Ethereum)GHOUSDCUSDT20.14%
. . .

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. . .

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

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