Nov 1, 2021

Your Weekly DeFi News in Bite-Sized Fashion

Defiprime Newsletter

Welcome to the 66th issue of The Defiprime Post, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between October 24th and October 31st, 2021.

Want more in-depth knowledge? We have communications over at our Telegram channel @defiprime. Check out defiprime’s latest news, interviews, guides, and more with daily updates.

🔥 The DeFi Bulletin

Cream Finance ($CREAM) was recently exploited for more than $130M.
AnubisDAO , a newly launched fork of OlympusDAO, recently raised $60M in a token sale, but now the funds have all gone missing.
Near Protocol launched a grant fund valued at $800M, intended mainly for startups and other DeFi projects.
CoinList, backed by Jack Dorsey, recently raised $100M while also being valued now at $1.5B.
Alchemy raised $250M in Series C funding, led by a16z. The company is valued at $3.5B.
A law firm, Freedman LLP, and the platform Republic, are selling tokenized stake in a California lawsuit.
The Graph, a blockchain data indexer, recently launched on the NEAR blockchain, and seeks to expand beyond EVM-compatible blockchains.
Diagonal was recently announced, in an attempt to create a protocol for subscriptions on Ethereum.
Across Protocol was also announced, with their main idea being to insure transactions for funds between L2s to L1.
Quicknode, a lead blockchain infrastructure provider, raised $35M in Series A funding last week, with the lead investor being Tiger Global.
The Cardano-based protocol, Ardana, raised $10M in funding recently, led by Three Arrows Capital.
SIPHER recently raised $6.8M in seed funding, with the lead investor being SIPHER.
Immunefi, a startup aimed at bug bounty programs, raised $5.5M in seed funding on the 26th..
Tulip Protocol, a yield aggregator for Solana, recently raised $5M in a strategic investment round.
Drift Labs, a protocol which leverages a DAMM, raised $3.8M in seed funding, with the lead investor being Multicoin Capital.
The XDEFI Wallet is looking to raise $12M in early November as part of its initial DEX offering.

💱 DEX Report

💵 State of the Stablecoins

The SEC is set on cracking down on stablecoins soon, with the US Treasury and other government agencies publishing a report.

💎 NFT News

Facebook is teasing NFT support in its newest keynote, and also has ambitious plans for a digital metaverse.
McDonalds recently unveiled its first NFT as part of it’s 40th anniversary of the McRib.
Adobe recently partnered with OpenSea and other NFT marketplaces, as part of their feature in Photoshop which allows you to prepare images as NFTs.
Hawku, aimed at being a premier marketplace for gaming and NFTs, raised $4M from investors like Multicoin Capital, Solana, and Alameda Research.
Ruby.Exchange, one of the first NFT-powered AMMs, recently closed a $2.8M funding round.

Thanks for reading, and be sure to catch the 67th issue of The Defiprime Post out this time next week! 👋♦️👋

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