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Daily news roundup with the 🦙
1/2 News📰
Fault proofs live on Base mainnet
Eclipse launches ETH unified restaking token
Paxos introduces new stablecoin USDG
NEBRA zkp launches aggregation tool on World Chain
Multiplier testnet live on Abstract
Karak Data Availability Marketplace live on Testnet
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⛓
OP Succinct with Celestia Underneath
PowdrVM 0.1 release, zkVM with multi-prover support
Unichain introducing a new validation network
Middleware 🪢
Jito restaking deposits are live
DeFi 🏦
GMX bringing their perp dex to Solana
Krav perp dex rebrands to Rave and intends to launch on Initia's interwoven stack
[Ethereum Staking Penalty Simulator](https://x.com/LlamaRisk/status/18517323139203727512/2 ### 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
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
Raises💰
Glow Fiybdatuib rauses $30m funding
Hana Network $4m builders round
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
Malicious token contract cointains hidden code that bypasses token allowance
Development⚙️
[Syndica Cloud V2 RPC implementation](https://x.com/Syndica_io/status/1852026712877322265(forward from ****)) France to ban users’ access to Polymarket: report1
1: https://www.dlnews.com/articles/regulation/france-to-ban-users-access-to-polymarket-website-report/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) Here are the people who could replace crypto foe Gary Gensler1
1: https://www.dlnews.com/articles/regulation/crypto-allies-poised-to-run-sec-after-chair-gensler/?utm_source=telegram&utm_medium=organic_social&utm_campaign=Llama news round-up: smol edition this week as Intern is in Bangkok for devcon🇹🇭
News 📰
Wintermute's prediction market: OutcomeMarket
Story’s final testnet, Odyssey, is now live
Degen chain migrating away from conduit
Biconomy acquires Klaster building modular execution enviroment
L2BEAT's dashboard for data availability
Layer 1 & ## 2 ⛓
Magic Labs Unveils Chain Unification Network 'Newton'
DeFi 🏦
Euler Prime - a bespoke lending market to provide the most capital efficient lending experience
Governance proposal submitted to enable fee switch for ENA
USDxl: yield backed stablecoin by Last
Vote to allow for MORPHO transferability passed
BounceX, perpetual exchangepowered by AUCTION token
MEV⚡️
Rollup-Boost availble on Conduit rollups
Reads 📚
pm-AMM: A Uniform AMM for Prediction Markets
From prediction markets to info finance
The Practical Guide to Ethereum Rollups
Aerodrome: The Onchain Liquidity Engine
Tethered to Dominance: Tether's Future in a Trump Presidency
**## Raises 💰 ** vlayer $10m pre-seed funding
Rekt Brands $1.5m seed fundung
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](https://x.com/leafar_dev/status/1854271700709319110(forward from ****)) ‘Desperate’ trader offers $2.5m reward to recover stuck funds1
1: https://www.dlnews.com/articles/defi/desperate-crypto-trader-offers-reward-to-recover-stuck-funds/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) Ethereum researcher Justin Drake unveils new plan to supercharge the network1
1: https://www.dlnews.com/articles/defi/ethereum-researcher-unveils-beacon-chain-redesign-at-devcon/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) Bitpanda’s new ‘global ambassador’ is tennis star who settled ex-girlfriend’s abuse case1
1: https://www.dlnews.com/articles/people-culture/bitpanda-taps-controversial-tennis-star-as-global-ambassador/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) Crypto dealmaking poised to soar as Trump loosens rules and replaces regulators1
1: https://www.dlnews.com/articles/markets/crypto-dealmaking-to-soar-as-trump-loosens-finance-rules/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) Manifold token craters 98% as founder ghosts frustrated supporters1
1: https://www.dlnews.com/articles/defi/manifold-token-craters-while-founder-goes-awol/?utm_source=telegram&utm_medium=organic_social&utm_campaign=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
Infura's decentralized infrastructure network launched
Layerzero introduces new data primitive: lzRead
Agora introducing multichain voting
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
Ethereum team lead Péter Szilágyi going on sabbatical
Layer 1 & ## 2 ⛓
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
Ethena risk committee approved Wintermute's ENA fee switch proposal
Split Capital submitted governance proposal for Blur to enable fee switch
Huma Protocol expands to Solana
First AI optimized Morpho vault aggregator live
A Product Line Approach to Grow Lido’s Staking Ecosystem
Reads 📚
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
Alluvial $4.3m strategic funding
Folks Finance $3.2m strategic funding
Pulse $1.8m pre-seed funding ** Utopia Labs acquired by Coinbase
Fintek Securities Pte Ltd acquired by Crypto(.)com
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](https://x.com/RDNTCapital/status/1857442174222455261https://x.com/ConvexFinance/status/1858511932656861649?t(forward from ****)) What’s next for Polymarket — and prediction markets — after the FBI raid?1
1: https://www.dlnews.com/articles/regulation/what-now-after-polymarket-ceo-raid/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) ‘Razzlekhan’ sentenced to 18 months for Bitfinex heist of 120,000 Bitcoin1
1: https://www.dlnews.com/articles/regulation/razzlekhan-sentenced-to-18-months-for-2016-bitfinex-heist/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) SEC chief Gary Gensler says he’ll resign on Trump’s inauguration1
1: https://www.dlnews.com/articles/regulation/sec-chief-gary-gensler-announces-january-resignation/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) Pump.fun removes livestream feature amid reports of shocking videos1
1: https://www.dlnews.com/articles/markets/solana-memecoin-launchpad-removes-livestream-feature/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) A shock suicide on Pump.fun prompted outrage and a shutdown. It was all fake1
1: https://www.dlnews.com/articles/defi/fake-suicide-on-pump-fun-prompted-outrage-and-a-shutdown/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) Why Europeans are foaming at the mouth about crypto1
1: https://www.dlnews.com/articles/opinion/why-europeans-are-foaming-at-the-mouth-about-crypto/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) 🏰🦙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.
2️⃣**Ecosystem 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 Application1
Let’s shape the future of Arbitrum together! 🚀
1: https://forum.arbitrum.foundation/t/election-application-thread-v2-arbitrum-research-development-collective/27267/19?u=defillama_research(forward from ****) Celsius founder Alex Mashinsky pleads guilty to defrauding investors at ‘never profitable’ crypto lender1
1: https://www.dlnews.com/articles/regulation/former-celsius-ceo-mashinsky-pleads-guilty-to-fraud/?utm_source=telegram&utm_medium=organic_social&utm_campaign=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 proposal1 alongside Castle Capital.
Make your voice count![2]
[2]: https://snapshot.org/#/arbitrumfoundation.eth/proposal/0xfbc7855075da7b93d7c95354e9b2adf848099562afcafa42fa7b7f6fa6e7804bhttps://x.com/odosdao/status/1867300703401914633?t=1(forward from ****) Yield-hungry investors push Ethena’s $5.8bn USDe over rival Dai stablecoin1
1: https://www.dlnews.com/articles/defi/yield-hungry-investors-push-ethenas-58bn-usde-over-rival-dai-stablecoin/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) Australia slaps Binance with lawsuit alleging it let retail customers trade risky derivatives1
1: https://www.dlnews.com/articles/regulation/australia-sues-binance-for-exposing-customers-to-risk/?utm_source=telegram&utm_medium=organic_social&utm_campaign=https://x.com/usualmoney/status/1869366984586260557https://x.com/ResupplyFi/status/1869394595882455501?t(forward from ****) Jump Trading crypto subsidiary hit with $123m fine over TerraUSD scandal1
1: https://www.dlnews.com/articles/regulation/jump-trading-crypto-subsidiary-pays-123-million-for-terrausd/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) Aave poised to leave Polygon blockchain after $1bn proposal triggers clash1
1: https://www.dlnews.com/articles/defi/aave-poised-to-leave-polygon-blockchain-amid-controversy/?utm_source=telegram&utm_medium=organic_social&utm_campaign=(forward from ****) Solana co-founder allegedly kept millions in staking rewards from ex-wife in ‘acrimonious’ divorce1
1: https://www.dlnews.com/articles/people-culture/solana-cofounder-allegedly-kept-millions-from-ex-wife/?utm_source=telegram&utm_medium=organic_social&utm_campaign=Llama news round-up 23 Dec - 02 Jan🍗 Happy 2025 readers❤️
News 📰
Helius launches startup launchpad
HYPE staking is live on mainnet
Arbitrum Trailblazer, a new $1,000,000 initiative funding AI experimenters
Chainlink's novel non-toxic MEV recapture solution
Synapse unveils Cortex token CX
Layer 1 & 2⛓️
Boundless, bringing ZK to every chain
DeFi 🏦
Berachain pre-deposit vaults for Boyco markets by Concrete, Lombard, and Stake Stone
Aerodrome VIRTUAL/cbBTC yield market
Prisma shutdown and transition plan
MEV⚡️
Reads 📚
An Analytical Comparison for Crypto x AI Frameworks
How To Make Cross-Chain Tokens Fungible Again: Part I
Raises 💰
Development⚙️
[FOCIL implementation on Prysm](https://x.com/terencechain/status/1874694305086124345(forward from ****)) Do Kwon pleads not guilty to US charges with maximum penalty of 130 years in prison1
1: https://www.dlnews.com/articles/snapshot/do-kwon-pleads-not-guilty-and-faces-130-years-in-prison/?utm_source=telegram&utm_medium=organic_social&utm_campaign=Llama news round-up
News 📰
Synthetix sunsetting Arbitrum focussing on Base
Perpl - Monad's native pricing engine
Irreducible launches alpha-ready Binius library and Ethereum state proving service
Lazy Chain - new community driven blockchain powered by Astria and Celestia
Iron Fish launching Universal Privacy Layer
Derive Pro in collaboration with Messari, AI powered trading experience
Boyco Update: Announcing Selected dApps and Asset Issuers
Request for Broposal Update: Applications
Layer 1 & 2⛓️
Phala Network launches first OP Succinct L2 on Ethereum
Hyperliquid addressing misconceptions regarding validators
An open letter addressed to Hyperliquid on Validators
Unichain enabled Permissionless Fault Proofs
Holocene upgrade live on Base mainnet
Faster block/blob propagation in Ethereum
Exploring Sophisticated Execution Proposers for Ethereum
Defragmenting Liquidity with Asynchronous and Synchronous Composability
Beyond Bridges: How zkTLS Makes Crypto Invisible
MegaETH vs Monad vs Hyperliquid
Defining Hardware Requirements For Ethereum Validators
All Core Devs - Consensus (ACDC) #148
DeFi 🏦
Euler Yield - loop yield-bearing tokens with stables
Curve's quarterly progress report
Uniswap Foundation's 2024 Community Impact Report
An Overview of Arbitrum's DeFi Ecosystem
MEV⚡️
[Solana MEV report](https://x.com/0xMert_/status/1877448187981516860### Reads 📚)
Future of Ethereum (1): Beam Chain
Accelerate L2 Interoperability: Update #0
Intent-Based Architecture and Their Risks
Preconfirmations for the Average Joe
Why Prediction Markets Are Broken (And How to Fix Them)
The Bull Case for Blockchain Interoperability in 2025
Kain "It's still a bull market relax"
Agent Fragmentation: Breaking through the Noise
Raises 💰
Alpen Labs $8.5m Strategic round
Ooga Booga $1.5m Strategic Round
Haedal Seedhttps://x.com/HaedalProtocol/status/## 187515140359084895 7
Security 🛡
Solv Protocol Twitter compromised (restored)