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+---
+git-date:
+layout: [blog]
+title: "The Defiprime Post #167: Your Weekly DeFi News in Bite-Sized Fashion"
+permalink: post167
+h1title: "The Defiprime Post #167: Your Weekly DeFi News in Bite-Sized Fashion"
+pagetitle: "The Defiprime Post #167: 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 October 22nd and October 29th, 2023"
+category: blog
+featured-image: /images/blog/post.png
+intro: "This week’s issue covers events between October 22nd and October 29th, 2023"
+author: LimePierre
+tags: ["The Defiprime Post"]
+---
+
+Welcome to the 167th 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 22nd and October 29th, 2023.
+
+
+## 🔥 The DeFi Bulletin
+
+* The IRS is proposing that crypto service providers [may need to collect data on their users, including names and Social Security numbers.](https://cointelegraph.com/news/irs-proposes-unprecedented-data-collection-crypto-users?s=35)
+* Congressmen Cynthia Lummis and French Hill [have urged the DOJ to decide whether or not to charge Binance and Tether for aiding Hamas.](https://www.coindesk.com/policy/2023/10/26/lawmakers-lummis-and-hill-urge-doj-decision-on-charging-binance-and-tether-for-aiding-hamas/)
+* PetroChina [completed its first international crude oil trade in the digital Yuan ($e-CNY).](https://www.coindesk.com/business/2023/10/23/petrochina-completes-first-international-crude-oil-trade-in-digital-yuan-report/)
+* Walmart and Outlier Ventures [have joined together to create a web3 accelerator, Store Nº8 Base Camp.](https://techcrunch.com/2023/10/24/walmart-and-outlier-ventures-web3-accelerator-launches-with-five-startups/)
+* Marinade, Solana’s largest protocol, [began to block UK users over FCA compliance concerns.](https://www.coindesk.com/business/2023/10/23/solanas-largest-defi-protocol-marinade-starts-blocking-uk-users/)
+* Uniswap’s DAO [proposed investing $12M $UNI into Ekubo in exchange for a 20% share in Ekubo’s governance.](https://www.theblock.co/post/259922/uniswap-dao-to-invest-12-million-of-uni-for-20-share-in-ekubos-future-governance-token?utm_source=telegram1&utm_medium=social)
+* dYdX [open-sourced its V4 code](https://www.coindesk.com/tech/2023/10/24/dydx-decentralized-crypto-exchange-open-sources-v4-code-for-upcoming-cosmos-chain/) ahead of its transition to a Cosmos blockchain.
+* dYdX [later launched on the mainnet as a standalone Cosmos L1](https://www.theblock.co/post/259658/dydx-chain-officially-launches-on-mainnet-as-standalone-cosmos-layer-1?utm_source=telegram1&utm_medium=social). [The chain later made plans to distribute network fees to validators and stakers.](https://www.theblock.co/post/259766/dydx-chain-to-distribute-all-network-fees-to-validators-and-stakers)
+* CoinGecko [released its Q3 crypto industry report.](https://www.coingecko.com/research/publications/2023-q3-crypto-report)
+* VanEck [released its valuation predictions for Solana by 2030.](https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-vanecks-base-bear-bull-case-solana-valuation-by-2030/)
+* Neo [announced plans for Ethereum compatibility using a sidechain.](https://www.theblock.co/post/259741/neo-plans-ethereum-compatibility-via-sidechain)
+* Sense Finance [announced the sunset of Sense’s protocol and the open sourcing of its UI.](https://medium.com/sensefinance/sunsetting-sense-and-releasing-it-into-the-ether-cd8c8e1731ad)
+* Nocturne Labs, a privacy protocol firm, [raised $6M in funding.](https://www.coindesk.com/tech/2023/10/25/bain-capital-polychain-lead-6m-funding-round-for-privacy-protocol-firm-nocturne-labs/)
+
+
+Thanks for reading, and be sure to catch the 168th issue of _The Defiprime Post_ out this time next week! 👋♦️👋