Cover Story: dYdX Ecosystem Development
- dYdX proposes $12M DYDX grant program to fund ecosystem projects, aiming to accelerate decentralized exchange innovation.
Avalanche Network Milestone
- Durango upgrade successfully activated on Fuji testnet, marking progress toward enhanced interoperability.
Institutional Adoption
- Swiss crypto custodian Taurus partners with Lido to offer liquid ETH staking services for banks, bridging DeFi with traditional finance.
Exchange & Wallet Updates
- Binance Web3 Wallet integrates 24 new DApps, expanding access to decentralized applications.
- Japan’s Financial Services Agency urges stricter monitoring of illicit crypto transfers by financial institutions.
DAO & Governance
- Aura Finance community approves proposal to optimize AURA tokenomics by reducing emissions.
Funding Roundup
- Architect raises $12M (BlockTower Capital/Tioga Capital) – Founded by ex-FTX.US president Brett Harrison.
- Ultiverse secures $4M (IDG Capital lead) – AI-powered Web3 gaming platform attracts Animoca Brands.
- WATCHES.IO completes $1.9M pre-seed – Crypto-native luxury watch trading platform.
FAQs
Q: What is dYdX’s proposed grant program about?
A: The initiative seeks to allocate $12M in DYDX tokens to developers building tools, integrations, or applications to enhance the dYdX decentralized exchange ecosystem.
Q: How does Taurus’s Lido partnership impact institutional crypto services?
A: It enables Swiss banks to offer clients liquid staking rewards while maintaining compliance, merging TradFi security with DeFi yield opportunities.
Q: Why is Ultiverse’s funding significant for Web3 gaming?
A: The investment highlights growing VC interest in AI-driven, interoperable game worlds with player-owned economies.
Deep Dive: Web3 Infrastructure Trends
👉 Explore how RWA projects like Ondo Finance are reshaping crypto markets
- Enterprise adoption accelerates as regulated entities (e.g., Taurus) integrate DeFi primitives.
- Layer-2 networks like Avalanche prioritize cross-chain functionality via upgrades like Durango.
Key drivers:
- Institutional-grade custody solutions
- Regulatory-compliant yield products
- Scalability-focused blockchain upgrades
Disclaimer: This content is for informational purposes only and does not constitute financial advice.
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