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| layout: [blog] | ||
| title: "The Defiprime Post #161: Your Weekly DeFi News in Bite-Sized Fashion" | ||
| permalink: post161 | ||
| h1title: "The Defiprime Post #161: Your Weekly DeFi News in Bite-Sized Fashion" | ||
| pagetitle: "The Defiprime Post #161: Your Weekly DeFi News in Bite-Sized Fashion" | ||
| metadescription: "A quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between September 10th and September 17th, 2023" | ||
| category: blog | ||
| featured-image: /images/blog/post.png | ||
| intro: "This week’s issue covers events between September 10th and September 17th, 2023" | ||
| author: LimePierre | ||
| tags: ["The Defiprime Post"] | ||
| --- | ||
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| Welcome to the 161st issue of _The Defiprime Post_, a quick weekly primer covering the biggest developments around Ethereum and DeFi. This week’s issue covers events between September 10th and September 17th, 2023. | ||
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| ## 🔥 The DeFi Bulletin | ||
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| * Banana Gun’s team [dumped its treasury after discovering a token bug.](https://www.theblock.co/post/250395/hyped-telegram-bot-banana-guns-team-dumps-treasury-after-token-bug) | ||
| * MetaMask is [to be usable outside the EVM ecosystem](https://www.theblock.co/post/250393/metamask-snaps-launch) with the launch of a new mechanism called Snaps. | ||
| * BNB’s L2 network, named opBNB, [went live.](https://www.coindesk.com/tech/2023/09/13/bnb-chains-layer-2-network-opbnb-goes-live/) | ||
| * The Ripple CEO remarked in Singapore recently [that the crypto community needs to agree to some basic regulations.](https://www.theblock.co/post/250742/ripple-ceo-says-the-crypto-community-cant-pretend-regulation-doesnt-matter) | ||
| * Polygon [released proposals for its 2.0 upgrades and $POL token migration.](https://www.theblock.co/post/250944/polygon-matic-upgrade) | ||
| * Optimism is [to distribute unclaimed funds from its first airdrop.](https://www.theblock.co/post/251351/optimism-to-distribute-unclaimed-funds-from-first-airdrop) | ||
| * Bitwave [acquired Gilded](https://www.bitwave.io/blog/bitwave-acquires-gilded-enterprise-digital-asset-finance), hoping to solidify its leadership in the payments economy. | ||
| * Astar Network [is to launch its own zkEVM L2 powered by Polygon.](https://www.theblock.co/post/250505/astar-network-zkevm-ethereum-layer-2-polygon) | ||
| * Finoa, a crypto custodian, [aims to offer regulated DeFi via its existing custodial wallet systems.](https://www.coindesk.com/business/2023/09/12/bafin-licensed-crypto-custodian-finoa-will-offer-regulated-defi/) | ||
| * Manta, backed by Polychain, [launched Manta Pacific L2 on the mainnet.](https://www.theblock.co/post/250538/manta-pacific-mainnet) | ||
| * Electric Capital, a crypto firm, [closed a $300M funding round for its third fund.](https://www.axios.com/2023/09/12/crypto-electric-venture-fund) | ||
| * Former DCG and Blockchain Capital investors [launched a $20M early-stage fund at Reverie.](https://techcrunch.com/2023/09/14/former-dcg-blockchain-capital-investors-launch-20m-early-stage-fund-at-crypto-advisory-firm-reverie/) | ||
| * Flashwire Group, a financial group, [secured $10M in Series A funding.](https://flashwire.medium.com/flashwire-group-closes-10-million-series-a-funding-and-launches-several-innovative-products-7efba6617901) | ||
| * Layer N came out of stealth mode [with its $5M funding round.](https://fortune.com/crypto/2023/09/13/peter-thiel-founders-fund-crypto-layer-n-defi-ethereum/) | ||
| * 0xPass [raised $1.8M in funding](https://techcrunch.com/2023/09/11/0xpass-secure-login-authentication/), hoping to build secure login systems for web3. | ||
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| ## 💵 State of the Stablecoins | ||
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| * Mountain Protocol [launched its yield-bearing stablecoin called $UDSM. ](https://www.theblock.co/post/250201/mountain-protocol-launches-yield-bearing-stablecoin-announces-seed-fundraise) | ||
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| ## 💱 DEX Report | ||
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| * The CFTC’s enforcement director [has called DEXs an ‘obvious threat’.](https://www.theblock.co/post/250908/cftc-enforcement-director-calls-defi-exchanges-obvious-threat) | ||
| * Violet’s DEX named [Mauve went live](https://www.coindesk.com/business/2023/09/14/violets-decentralized-exchange-mauve-goes-live-for-trading-compliant-and-real-world-assets/), aiming to trade compliant and real-world assets. | ||
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| ## 💎 NFT News | ||
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| * The SEC [charged Stoner Cats](https://www.sec.gov/news/press-release/2023-178) with unregistered offerings of NFTs. | ||
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| Thanks for reading, and be sure to catch the 162nd issue of _The Defiprime Post_ out this time next week! 👋♦️👋 |