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  <ul>
    <li>
      <p>
        Uniswap, a decentralized exchange platform, is partnering with Talos, a digital asset investment platform, to provide institutional traders access to decentralized finance (DeFi) liquidity.
      </p>
    </li>
    <li>
      <p>
        According to the agreement, Uniswap Labs will offer Talos&rsquo; institutional clients access to its trading APIs, which feature a standard Talos order book layout. The companies also plan to enable institutional clients to use UniswapX, the exchange&rsquo;s permissionless liquidity aggregation protocol, in the near future. 
      </p>
    </li>
  </ul>
  <p>
  </p>
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<div>
  <p>
    <a href="https://blockworks.co/news/uniswap-labs-partnership-institutional-defi">
      Blockworks
    </a>
  </p>
  <p>
  </p>
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Decentralized Finance (DeFi)

PROMINENT_CATEGORY

<div>
 
 <p>Uniswap, a decentralized exchange platform, is partnering with Talos, a digital asset investment platform, to provide institutional traders access to decentralized finance (DeFi) liquidity.</p>
 <p>According to the agreement, Uniswap Labs will offer Talos’ institutional clients access to its trading APIs, which feature a standard Talos order book layout. The companies also plan to enable institutional clients to use UniswapX, the exchange’s permissionless liquidity aggregation protocol, in the near future.</p>
 
</div>

Uniswap Labs partners with Talos to offer DeFi access to institutional traders

<div>
 
 <p>Term Structure, a DeFi borrowing and lending platform, has raised USD 4.25 million in seed funding led by Cumberland DRW, with participation from Decima Fund, HashKey Capital, Longling Capital, and MZ Web3 Fund. This round brings the company's total funding to over USD 8 million.</p>
 <p>Term Structure offers a DeFi platform that enables users to lend and borrow a range of cryptocurrencies with fixed interest rates and maturity dates. The platform provides lenders with fixed-income tokens that can be redeemed for principal plus interest upon maturity or traded on secondary markets via an order book trading system. Moreover, the company leverages the “zkTrue-up," a customized zero-knowledge scaling technology, to secure users’ assets and enable users to place and cancel orders without paying gas fees.</p>
 
</div>

Term Structure raises USD 4.25 million in series seed funding

Coinchange, a yield aggregation platform, has raised $10 million in funding led by G1.VC, Spirit Blockchain, Good News Ventures, K2.CA, and Atoia Ventures, with participation from Mintfox. The funds will be used to expand operations, onboard new customers, and enhance services. Coinchange offers a DeFi platform for users to earn yields on their cryptocurrency holdings. It also provides an API for FinTech businesses to integrate yield aggregation services into their applications. The platform offers various yield optimization and risk mitigation strategies across different fund structures. Coinchange supports Bitcoin, Ethereum, major stablecoins, and provides compliant brokerage services in the US and Europe.

Coinchange raises USD 10 million in funding

<div>
 
 <p>MYX, a decentralized derivative exchange, has raised USD 5 million in a seed funding round led by HongShan, with participation from Consensys, Hack VC, OKX Ventures, and Redpoint Ventures, among others. This funding round gave MYX a valuation of USD 50 million.</p>
 <p>The company plans to use the funds to increase user adoption and support the development of its trading tools in preparation for its mainnet launch.&nbsp;</p>
 <p>&nbsp;MYX offers a decentralized exchange platform that enables users to trade crypto-based derivative products. It employs a peer-to-pool-to-peer model as well as intelligent rates and exposure hedging mechanisms to reportedly enhance protocol stability and offer high returns.&nbsp;</p>
 
</div>

MYX raises USD 5 million in seed funding

<div>
 <ul>
  <li><p>Kyber Network, the company behind KyberSwap, a decentralized exchange, announced that it had lost around USD 46 million due to an exploit.</p></li>
  <li><p>The lost funds were split across multiple chains, including Arbitrum, Optimism, Ethereum, Polygon, and Base.</p></li>
  <li><p>The company alerted its users about the attack and advised them to withdraw their funds as a precaution.</p></li>
  <li><p>Kyber Network stated that it was in the process of investigating the attack.</p></li>
 </ul>
</div>

Kyber Network loses USD 46 million in hack

INCUMBENTS_PRESENT

<div>
  <ul>
    <li><p>Binance's founder and CEO, Changpeng Zhao, announced his resignation and admitted guilt for various violations following charges from the Department of Justice and other US agencies.</p></li>
    <li><p>The former global head of regional markets at Binance, Richard Teng, will replace Zhao as CEO. Binance has agreed to a $4.3 billion settlement, with $1.8 billion allocated to resolving issues with the Department of Treasury's Financial Crimes Enforcement Network (FinCEN), the Office of Foreign Assets Control (OFAC), and the Commodity Futures Trading Commission (CFTC).</p></li>
    <li><p>The company pled guilty to anti-money laundering and unlicensed money transmitting, with Zhao admitting to failing to maintain an anti-money laundering program.</p></li>
  </ul>
</div>

Binance agrees to pay USD 4.3 billion in fines; CEO Changpeng Zhao steps down

<div>
 
 <ul>
  <li><p><strong>DeFi protocol Panoptic</strong> raised <strong>USD 7 million</strong> in a seed fund round led by <strong>Greenfield Capital</strong>, with participation from <strong>HashKey</strong>, <strong>gumi Cryptos Capital</strong>, <strong>L1D</strong>, <strong>Heartcore Capital</strong>, <strong>Comma3</strong>, and <strong>Zee Prime Capital</strong>. This seed round brings the total raised funding to <strong>USD 11.5 million</strong>.</p></li>
  <li><p>The funds would be used to <strong>advance the platform's development</strong> during its beta testing phase. The protocol’s <strong>mainnet launch</strong> is anticipated for <strong>Q1 2024</strong>, while its <strong>V2 product</strong> is expected to launch in <strong>Q4 2025</strong>.</p></li>
  <li><p>Panoptic is a <strong>DeFi protocol</strong> that plans to introduce "<strong>panoptions</strong>," a type of <strong>continuous rollover perpetual options</strong> with no expiry date. It will allow users more <strong>flexible trading strategies</strong> with any two Ethereum ERC-20 tokens.</p></li>
 </ul>
 
</div>

Panoptic raises USD 7 million in seed funding to further develop platform

<div>
 <ul>
  <li>
   <p>Binance, a cryptocurrency and blockchain platform, has partnered with Thailand-based Gulf Energy Development to establish a cryptocurrency exchange named Binance Thai.</p>
  </li>
  <li>
   <p>The cryptocurrency exchange will initially serve on an invitation-only basis before becoming publicly accessible.</p>
  </li>
  <li>
   <p>This project received the necessary regulatory approval from the Thai Securities and Exchange Commission and is scheduled for launch in the first quarter of 2024.</p>
  </li>
 </ul>
</div>

Binance and Gulf Energy Development partner to launch crypto exchange in Thailand

<div>
  <ul>
    <li><p>Aave Companies, a DeFi lending protocol provider, rebrands as Avara and acquires Los Feliz Engineering, creators of Ethereum-based wallet Family, for an undisclosed amount.</p></li>
    <li><p>Los Feliz Engineering developed the beta-tested Family wallet for Ethereum. The wallet can be downloaded for trial use.</p></li>
    <li><p>Avara's acquisition aims to help users enter the Web3 ecosystem, with Family serving as a user-friendly interface for interacting with Web3 infrastructure.</p></li>
    <li><p>This acquisition aligns with Avara's strategy to expand beyond DeFi and offer Web3 tools globally for various use cases.</p></li>
  </ul>
</div>

Aave Companies rebrands to Avara; acquires Los Feliz Engineering for undisclosed sum

<div>
 <ul>
  <li><p>Canadian DeFi protocol aggregator company, Portals, has announced the launch of an upgraded version of its developer API named Pyxis.</p></li>
  <li><p>The updated Pyxis is a developer API that simplifies the compilation of DeFi data. Its key features include delivering important metrics like trading volume, volatility, and profit/loss data; providing an intuitive, user-friendly experience for developers; and facilitating a single-click integration for an extensive collection of Web3 data.</p></li>
 </ul>
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All Updates