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Daily news roundup with the 🦙

1/2 News📰

> Fault proofs live on Base mainnet > Astria mainnet live > Elixer Mainnet Phase 1 > Solayer RWA backed stablecoin > Morph Mainnet Live > Skate Shadow Mainnet live > Eclipse launches ETH unified restaking token > Paxos introduces new stablecoin USDG > NEBRA zkp launches aggregation tool on World Chain > =nil; Testnet v1 live > Multiplier testnet live on Abstract > Karak Data Availability Marketplace live on Testnet > Cortex Intelligent Accounts > OpenBlock update on Linea's LXP-L Campaign > Argot Collective spinning out of Ethereum Foundation > Timedotfun migrating from Base to Solana > Justin Drake and Dankrad Feist both resign from their Eigenlayer advisorship > Franklin Templeton launches tokenized money fund on Base > Tether Attestation for Q3/2024 > Kraken lays off staff, announcing new co-CEO > dYdX cutting 35% of their team > Partner at DWF, Eugene Ng, allegedly spiking a potential hire's drink > Zircuit Fairdrop to EIGEN holders

Layer 1 & 2⛓

> Solana with Micro Validators > OP Succinct with Celestia Underneath > 50ms block times on Atlas > PowdrVM 0.1 release, zkVM with multi-prover support > Unichain introducing a new validation network > Scroll SDK & Gadgets > Ethereum ACDC 145 writeup

Middleware 🪢

> Jito restaking deposits are live

DeFi 🏦

> Fluid DEX launched > Synthetix USDx on Arbitrum > GMX bringing their perp dex to Solana > Aave v3.2 upgrade live > Krav perp dex rebrands to Rave and intends to launch on Initia's interwoven stack > Reya Network Phase 2 > Wildcat V2 whitepaper > Vote for savings crvUSD > Ethena risk dashboard > Ethereum Staking Penalty Simulator

Reads 📚

> Possiable futures of the Ethereum protocol, part 6 The Splurge > Story of Sabliers discontinued project called Sablier Mainnet > Starknet: Ethereum's Dreadnought is Back > Full DAS Sampling Analysis > Electric Capital Global Crypto Developer Data > Dependency funding round dynamics > FUTARCHY AS TRUSTLESS JOINT OWNERSHIP > Polylogarithmic Proofs for Multilinears over Binary Towers > Sam Kazemian new system for valuing digital commodities vs gov tokens > How to Hedge IL in Uni V2 & V3 Using GammaSwap's Straddle > dApps Graveyard

Raises💰

> Infinex $67.7m Patron Sale > Glow Fiybdatuib rauses $30m funding > Ellipsis Labs $21m fundraise > Citrea $14m series A funding > Gelato Series A+ $11m funding > Sapien AI $10.5m seed funding > Spire Labs $7m seed funding > Phylax $4.5m pre-seed funding > Nitro Labs $4m seed funding > Hana Network $4m builders round > Axal $2.5m pre-seedfunding > CAP Labs $1.9m pre seed funding > KRNL Labs $1.7m pre seed funding > Bridge acquires Web3 Wallet Platform Triangle

Security 🛡

> Venn decentralized firewall testnet live > M2 exchange $13.7m cybersecurity incident > Radiant Capital's Ethereum markets are now unpaused > Maia DAO Post Mortem > Malicious token contract cointains hidden code that bypasses token allowance > Vyper Security

Development⚙️

> Syndica Cloud V2 RPC implementation

France to ban users’ access to Polymarket: report[1]

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Here are the people who could replace crypto foe Gary Gensler[1]

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News 📰

> Eclipse mainnet live > cbBTC live on Solana > Wintermute's prediction market: OutcomeMarket > Story’s final testnet, Odyssey, is now live > Degen chain migrating away from conduit > Conduit response > Biconomy acquires Klaster building modular execution enviroment > L2BEAT's dashboard for data availability > Possible V2 of OpenSea

Layer 1 & 2 ⛓

> Magic Labs Unveils Chain Unification Network 'Newton'> Escape Hatches

DeFi 🏦

> Euler Prime - a bespoke lending market to provide the most capital efficient lending experience > Governance proposal submitted to enable fee switch for ENA > Spark mainnet beta is live > defi.money | The MetaCDP > Ethereal DEX > USDxl: yield backed stablecoin by Last > Vote to allow for MORPHO transferability passed > Synthetix acquires Kwenta > Arkham perpetual exchange > BounceX, perpetual exchangepowered by AUCTION token > Recovering from Napier V1

MEV ⚡️

> Rollup-Boost availble on Conduit rollups

Reads 📚

> pm-AMM: A Uniform AMM for Prediction Markets > From prediction markets to info finance > Ethereum Foundation report > The Practical Guide to Ethereum Rollups > On solver economics > Aerodrome: The Onchain Liquidity Engine > Why we need altVM's > AI Agent coordination layer > Tethered to Dominance: Tether's Future in a Trump Presidency

Raises 💰

> vlayer $10m pre-seed funding > Pharos $8m seed funding > Pond $7.5m seed funding > Rekt Brands $1.5m seed fundung > Usual $1.5m community round > Binance Labs investing in BIO Protocol

Security 🛡

> DeltaPrime exploited fore $4.75m

Development⚙️

> Solar: implementation of Solidity compliler in rust > ColliderScript: Covenants in Bitcoin via 160-bit hash collisions > Ox, standard library for Ethereum > Velos: lightweight Solana client

‘Desperate’ trader offers $2.5m reward to recover stuck funds[1]

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Ethereum researcher Justin Drake unveils new plan to supercharge the network[1]

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Bitpanda’s new ‘global ambassador’ is tennis star who settled ex-girlfriend’s abuse case[1]

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Crypto dealmaking poised to soar as Trump loosens rules and replaces regulators[1]

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Manifold token craters 98% as founder ghosts frustrated supporters[1]

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Llama news round- up 🍗

News 📰

> BlackRock expands BUIDL to Aptos, Arbitrum and Optimism > Ethereum researcher Justin Drake unveils redesign of the Ethereum Consensus layer - Beam Chain > Polymer Hub mainnet is live > Infura's decentralized infrastructure network launched > Layerzero introduces new data primitive: lzRead > Agora introducing multichain voting > Zoto trading platform live > Atlas network live > Burner: an easy to use, low cost hardware wallet designed for gifting stablecoins > Coinbase introduces Offramp — enable crypto-to-fiat conversions in your app > Hadron by Tether Platform Brings Simplified Asset Tokenization to the Mass Market > Caldera Foundation introduced > Ethereum team lead Péter Szilágyi going on sabbatical

Layer 1 & 2 ⛓

> Espresso Mainnet is live > Risc Zero Kailua: Giving OP chains 1-hour finality without the higher cost of constant ZK proving > Zerion's 'fee-free' Ethereum Layer 2 ZERO Network goes live > Ethereum Layer 2 Lisk launches mainnet > Multi Proofs live on Taiko mainnet > Caldera introducing Vulcan, Sovereignty-as-a-Service for Ethereum Rollups > Ethereum's ENS Identity System Set to Launch Own Layer-2

DeFi 🏦

> Pendle introduces Boros: Yield Trading with Margin > Exponent is live > scrvUSD launched > Ethena risk committee approved Wintermute's ENA fee switch proposal > Split Capital submitted governance proposal for Blur to enable fee switch > ThalaSwap v2 > Huma Protocol expands to Solana > First AI optimized Morpho vault aggregator live > A Product Line Approach to Grow Lido’s Staking Ecosystem

Reads 📚

> Bitcoin for the Sovereign > A useful framework for understanding stablecoins > Measuring Solana’s Decentralization: Facts and Figures > Hyperliquid - an L1 designed for DeFi at scale > Arthur Hayes — Black or White?> The World Network Opportunity: A Greenfield for Builders

Raises💰

> StakeStone $22m funding > Brevis $7.5m seed funding > Tac $6.5m seed funding > Alluvial $4.3m strategic funding > Folks Finance $3.2m strategic funding > MBD $3m pre-seed funding > Pulse $1.8m pre-seed funding

> Utopia Labs acquired by Coinbase > Caldera acquires Hook > Fintek Securities Pte Ltd acquired by Crypto(.)com > smlXL acquired by Dune > Vinter acquired by Kaiko > Attestant acquired by Bitwise > Blocktower acquired by Arca > Anycoin Direct acquired by Finst

Security 🛡

> Thala $25.5m exploit recovers $25m following successful hacker negotiation > How kaden found a critical vulnerbaility in Zora's ERC20Z contract > Radiant RIZ market update

What’s next for Polymarket — and prediction markets — after the FBI raid?[1]

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‘Razzlekhan’ sentenced to 18 months for Bitfinex heist of 120,000 Bitcoin[1]

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SEC chief Gary Gensler says he’ll resign on Trump’s inauguration[1]

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Pump.fun removes livestream feature amid reports of shocking videos[1]

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A shock suicide on Pump.fun prompted outrage and a shutdown. It was all fake[1]

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Why Europeans are foaming at the mouth about crypto[1]

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🏰🦙DL Research and Castle Capital are partnering to apply for the Research Member role in Arbitrum’s Research & Development Collective (ARDC) V2!

📅Timeline: SNAPSHOT VOTE Dec 5–13.

Our proposed scope of work for the first 2 months of the 6 month term:

1️⃣Builder retention & expansion

Address gaps by conducting a 'Builder Needs' survey and interview, creating developer profiles, performing competitive benchmarking, and offering strategic recommendations to improve onboarding and incentives.

2️⃣Ecosystem growth initiatives

Strengthen Arbitrum’s innovation hub by assessing Retroactive Public Goods Funding (RPGF), proposing an innovation grants framework, prioritising high-impact protocols, and recommending Builder engagement strategies to enhance retention.

3️⃣Orbit Chain interoperability

Improve Orbit chain integration through non-technical UX improvements, bridge design analysis, messaging layer solutions, and alignment with Ethereum’s interoperability roadmap to ensure seamless user experiences.

4️⃣Finding Arbitrum’s identity

Refine the DAO’s messaging to create alignment across the ecosystem, attract developers and users, and strengthen Arbitrum’s position as a leading Layer 2 solution.

5️⃣ New Sector Mapping and Outreach

Expand into high-growth areas beyond DeFi by prioritizing sector analysis, crafting targeted outreach strategies, and creating tailored incentives to drive adoption and innovation.

🦙🏰 Why Choose Us? 🦙🏰

Trusted expertise: DL Research excels in turning complex insights into actionable strategies, while Castle has years of hands-on experience with Arbitrum governance and incentive design.

DAO-first approach: Our efforts focus on decentralisation and delivering measurable value for the Arbitrum community.

Unwavering commitment: This role is a top priority for both teams, ensuring consistent effort and results.

A unified vision: Together, we offer unmatched analyticaldepth and grassroots involvement at a competitive rate.

Every vote brings us closer to delivering actionable insights and unifying the Arbitrum ecosystem. Support our vision at the upcoming snapshot vote!

View our application here: DL Research <> Castle Capital Application[1]

Let’s shape the future of Arbitrum together! 🚀

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Celsius founder Alex Mashinsky pleads guilty to defrauding investors at ‘never profitable’ crypto lender[1]

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Happy $100.000 BTC✨(forward from )

Voting is now open for the Research Member role in the Arbitrum Research & Development Collective!

Cast your vote by December 13 to support our proposal[1] alongside Castle Capital.

Make your voice count![2]

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Yield-hungry investors push Ethena’s $5.8bn USDe over rival Dai stablecoin[1]

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Australia slaps Binance with lawsuit alleging it let retail customers trade risky derivatives[1]

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