Crypto News Weekly Recap 📰

Paradigm
Paradigm
Published in
2 min readDec 12, 2023

5th December — 12th November

▫️ The crypto market recorded $320 million in long liquidations, contributing to a total of $360 million in liquidations across exchanges.

▫️ Fidelity held a meeting with the SEC about a spot bitcoin fund and submitted a presentation about ETF workflows.

▫️ VanEck’s proposed spot bitcoin ETF gets the ‘HODL’ ticker in a new filing with the SEC.

▫️ El Salvador offers a ‘Freedom Visa’ for a $1 million crypto investment.

▫️ The hackers who targeted Platypus Finance have been cleared of criminal charges.

▫️ OpenZeppelin disclosed a security vulnerability spotted on December 4th.

▫️ Societe Generale issued a EUR 10 million green bond on-chain.

▫️ Sam Altman-backed crypto startup Meanwhile seeks to raise $100 million for a Bitcoin private credit fund.

▫️ Robinhood launches a crypto trading app in Europe.

▫️ EF runs a node grantees: 35 recipients from 23 countries.

▫️ Starknet Foundation plans to distribute 1.8 billion tokens as rewards, and transaction rebates.

▫️ Optimism’s RetroPGF3 voting ended, and 502 projects qualified for a share of 30 million OP.

▫️ Matcha cross-chain swaps live on mainnet, L2s & sidechains.

▫️ Osmosis and UX chain proposed a possible merger.

▫️ A Compound DAO vote to pay a developer for a significant bugfix fell 15K votes short of a quorum.

▫️ Wormhole launched Wormhole Queries, opening access to on-chain data.

▫️ Synthetix introduced nine new perpetual futures markets on Optimism.

▫️ Ronin introduced Ronin Launchpad, powered by Impossible Finance.

▫️ Sotheby’s begins the first Bitcoin Ordinals NFT auction for BitcoinShrooms.

▫️ Do Kwon will be extradited to the US by Montenegro Justice Minister: WSJ.

▫️ Zero-knowledge platform Sindri closes a $5 million seed round led by CoinFund.

▫️ Shadow raised $9 million in seed funding.

▫️ Brahma Console’s main release went live concurrently with its $2.5 million seed extension round.

▫️ Verastus, a scaling startup, closed a $2.3 million seed funding round.

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