Recently, the collapse of FTX has triggered a new round of turmoil in the encryption field. With BlockFi declaring bankruptcy, Genesis is negotiating with a team of lawyers to discuss bankruptcy matters. A confirmable relative bottom, it is time to return to focus on the project itself. This article is encrypted by Twitter KOLKarlPublish, BlockBeats organizes and compiles:

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Theta mainnet 4.0 will be launched on December 1

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Rumors of DCG bankruptcy are still fermenting

With the news that Genesis is consulting on bankruptcy reorganization and the encrypted media Coindesk is seeking potential buyers, the FUD of the parent company DCG may become more serious. If this news is finally confirmed, with the dissolution of GBTC , a large number of investors carry out "redemption" operations, and BTC may face a certain selling pressure. This kind of FUD may continue until the GBTC/BTC trading pair returns to the anchor before it is lifted. (Return anchoring is not necessarily 1:1, because derivatives still have potential risks.)

If Grayscale declares bankruptcy due to insolvency, it might be a good trade to short their holdings because Grayscale will be forced to sell.

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Binance is raising funds to buy distressed assets

On November 24, Binance founder CZ said in a live interview with Bloomberg that Binance will set up a fund of about US$1 billion to buy non-performing assets in the encryption field. At the same time, it will bid again for Voyager, a centralized encryption lending platform.

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ApeCoin (APE) pledge

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DEX and Decentralized Wallet Season

After the collapse of FTX, people's trust in the centralized trading platform has been hit hard, and they may be more inclined to self-management, using decentralized wallets and DEX to participate in the ecology/transactions on the chain.

DEX Tokens that can be paid attention to include:

• GMX

• dYdX

• GNS (Gains Network is expected to launch Arbitrum in December)

The decentralized wallet tokens that can be followed include:

• SFP

• TWT

• C98

They are also alternatives to Metamask, and when Metamask parent company ConsenSys recently updated its privacy policy, it stated that when users use Infura as the default RPC in MetaMask, the corresponding IP address and ETH address will be collected when the user sends a transaction.

This statement also brought some negative pressure to Metamask's wind review. But then ConsenSys founder Joseph Lubin explained that MetaMask does not collect IP addresses, but in order to process requests from MetaMask, Infura needs to know the IP address and blockchain address of the device sending the request. Almost all types of Web3 dApps use RPC services, and they need this data to serve users. There are few alternatives available today, and the solution is decentralization of RPC providers. Infura will not utilize this data.

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DYDX

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Maple Finance（MPL）

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Aave to Launch Native Stablecoin GHO Soon

Aave is the first choice for most borrowers, so one of its main challenges is attracting enough stablecoin deposits. Building a native stablecoin not only absorbs savings, it should also reduce borrower costs.

At the end of July, Aave's proposal to issue the decentralized over-collateralized Stablecoin GHO was voted through, with an approval rate of 99.99% (501,000 AAVE). Aave will implement the creation of GHO through the new Aave Improvement Protocol (AIP), managed by Aave DAO, which will allow users to mint GHO with the collateral they provide, and the borrowing income of GHO will belong to Aave DAO. In mid-October, Aave said it would deploy its Stablecoin GHO testnet in the coming weeks.

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The new CEO of SushiSwap will announce the draft of the new Token economics

SushiSwap's new CEO, Jared Gray, has been caught in a scandal since he took office in early October. Encrypted KOLs called this "viral marketing" and deliberately created momentum for Sushi's upcoming new Stablecoin. Jared Gray subsequently denied all related allegations.

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YIP-65 is ongoing to improve YFI Token economics

YIP-65 consists of the following four steps and is currently underway at veYFI.

· Staking vault (xYFI)

· Vote-locked YFI (Vote-locked YFI, veYFI)

· Vault Gauges + Voting

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Chiliz Chain 2.0 Coming Soon as Qatar World Cup Goes On

With the opening of the World Cup in Qatar in 2022, Fan Token has received attention as scheduled. In December, EVM compatible, BSC forked chainChiliz Chain 2.0(Chiliz Chain 2.0) will be launched soon, and CHZ is its native token.

Chiliz Chain 2.0 is:

· Successor of the current Chiliz Chain;

· A “sovereign” blockchain that provides safety and security to elected validators;

EVM compatible, supporting all existing Ethereum tools, providing faster settlement speed and reasonable transaction fees;

· A distributed system with on-chain governance. The PoSA consensus mechanism brings decentralization and community participation;

Interoperability with the Ethereum mainnet and other chains will be allowed in the future.

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The main network of Secret Network 2.0, a privacy blockchain, will be launched soon

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Zk Season! zkSync and StarkWare will issue Token

Eli Ben-Sasson, President of StarkWare, said that StarkNet, which originally planned to issue native Tokens in September, had to postpone the plan to October due to the need for Solidity contract optimization. However, as November draws to a close, StarkWare hasn't delivered on its promises.

In mid-November, zkSync development company Matter Labs announced the completion of $200 million in Series C financing, led by Blockchain Capital and Dragonfly, with participation from a16z, Variant, and Lightspeed Venture Partners. After the completion of this financing, its total financing has reached 458 million US dollars. At the same time, zkSync announced on its social platform that it will allocate two-thirds of the potential future Tokens to the zkSync ecosystem, and will try its best to ensure the transparency and fairness of the distribution.

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Loopring distributes protocol fees to LRC staking users in Q4

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Cardano Ecological Stablecoin Djed will be launched on the mainnet in January next year

On November 22, Cardano developers announced at the Cardano Summit that its first decentralized Stablecoin, Djed, will go live on the mainnet in January next year. Djed will be integrated into 40 applications in the Cardano ecosystem at launch. After the launch of Djed, Cardano users will be able to use Cardano's native token ADA as collateral to mint Stablecoins. Stablecoins are designed to be over-collateralized, and each Djed requires more than 400% of the collateral value to be minted.