DeFi

Bebop

Following its recent soft launch over the summer to an exclusive set of whitelisted address on the Ethereum network, Bebop has now released its public mainnet version on Polygon coming with a really well developed UI and some novel features such as the one-to-many or many-to-one services enabling users to seamlessly consolidate a multi-token portfolio into a single token or inversely spread their holding across multiple tokens. Furthermore, leveraging the expertise of its backing partner as a professional market maker, Bebop made the choice of not becoming an automated market maker and ensure its platform liquidity through the more than 60 liquidity platforms offered by Wintermute which comes as interesting choice at a time where the yield appetite of DeFi users is definitely on the rise.

Rubic

Multi-chain swaps protocol and decentralised exchange Rubic has lost over one million worth of tokens after attackers gained access to the private keys of an administrator’s wallet most likely through a malicious software. Consequently to this hack and of the selling of the coins by the hacker, the RCB lost more than half of its prior value and still hasn’t recovered yet despite the recent core team offer to the hacker promising up to 20% of the RCB stolen as a bug bounty and no further legal action against the return of the remaining 80% RCB stolen.

Aave

The Aave community recently approved the Matter Labs’ proposal to deploy the decentralised lending protocol Aave on its Ethereum scaling product zkSync at a very large majority. However, this recent vote is for now only enabling the deployment of Aave to zkSync’s testnet. Indeed, Matter Labs will need to propose a new vote before being able to operate mainnet deployment.

Web3

IOTA

TanglePay, IOTA’s self-custody wallet recently announced a partnership with the Mises browser in order to enable users to profit from TanglePay wallet features both on desktop and mobile while using Mises.

Exodus

Moving forward on its effort to support an ever growing number of chains and offer the highest possible flexibility to its users, exodus one of the leading self-custodial crytpocurrency software platform recently announced the addition of the BNB smart Chain to its Exodus’s browser-based Web3 wallet.

Flux

Flux, the frontrunner in building decentralized infrastructure to power Web3 development, today announced the launch of Jetpack 2.0, a system update enabling easier and cheaper deployment of decentralized applications (Dapps) onto the Flux decentralized cloud. Additionally, Jetpack 2.0 also brings a variety of new features, including an improved Dapp registration and management process as well as direct fiat payment and settlement services.

Ecosystem

Ripple vs SEC

In a surprising turn of event, crypto exchange Coinbase which was among the first to halt trading of the XRP token following the filing of the SEC lawsuit against Ripple recently filed an amicus brief in the ongoing lawsuit between the SEC and Ripple Labs supporting Ripple Labs and highlighting the lack of clear SEC regulatory guidelines over the past couple of years.

Japan

NTT Docomo, Japan’s largest mobile operator with over $40 billion in annual revenue, recently partnered with multichain smart contract platform Astar Network to accelerate the Web3 implementation in the country through the build-up of a dedicated consortium giving to individuals and corporations the ability to utilize tokens for governance.

Market

• BTC     $18,576.50

• ETH     $1332.40

• BNB     $330,97

• ADA     $0.37

• SOL     $23.89

FTX ventures

FTX Ventures, the venture arm of FTX recently operated its first Web3 social media related investment through its participation for an undisclosed amount in a recent funding round held by Aave’s social media graph Lens Protocol.

Fordefi

Fordefi, a financial technology and software company, today announced an $18 million seed round led by Lighspeed Venture Partners and Alameda Research in order to further support the development of its newly launched institutional MPC wallet.