Crypto News Weekly Recap 📰

Paradigm
Paradigm
Published in
2 min readOct 10, 2023

3rd October — 10th October

▫️ Coinbase has been granted a license by the Monetary Authority of Singapore.

▫️ UBS is piloting a tokenized Variable Capital Company (VCC) fund as part of the Monetary Authority of Singapore’s Project Guardian.

▫️ Stars Arena experienced an exploit, resulting in the loss of $2.9 million in AVAX tokens.

▫️ The HTX hacker returns funds, with Justin Sun confirming a 250 ETH ‘whitehat bonus.’

▫️ VanEck commits to donating 10% of EFUT ETF profits to the Protocol Guild.

▫️ Vitalik discusses enshrining and de-enshrining features in the protocol, including account abstraction, zk-EVMs, proposer-builder separation, private transaction pools, liquid staking, and precompiles.

▫️ Vitalik reflects on Zuzalu, a popup mini-city, in a new post.

▫️ Tokenized U.S. Treasuries have arrived on Base with Backed’s RWA token issuance.

▫️ ENS DAO is reducing its exposure to Lido to a maximum of 20%.

▫️ Friend Tech adds and removes login methods after SIM swap attacks.

▫️ The OP Stack fault-proof system is live on OP Goerli testnet, in alpha.

▫️ MoonPay introduces the ability to swap cryptocurrencies in its consumer app.

▫️ Web3 social platform Phaver raises $7 million in seed funding.

▫️ CMCC Global secures $100 million in funding to support various Hong Kong-based crypto companies.

▫️ Yield Protocol announces its shutdown.

▫️ Polygon’s co-founder, Jaynti Kanani, steps down.

▫️ The IMF presents a new crypto risk-assessment matrix in a recent paper.

▫️ A Nature paper explores the use of DAOs for scientific communities and alternative research funding.

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