Business
Coinbase’s net revenue was up 5% over the quarter, despite transaction revenue declining 12% over the same period.
The team behind Ethereum scaling solution Polygon let go of nearly 100 employees on Tuesday, abruptly cutting their access to company systems.
Huobi plans to be the first fully regulated exchange in Hong Kong as the region’s financial regulator weighs new criteria for allowing retail investors to trade crypto.
Galois Capital has unwound all its positions and said that investors will receive 90% of funds that are not locked on FTX.
Japan-based users will be able to withdraw their stranded fiat and crypto from FTX through Liquid Japan starting today.
Jump Trading was the firm that made $1.28 billion from the Terra ecosystem, according to sources familiar with the matter.
Binance says it will seek permission before it makes any bids on U.S.-based bankrupt companies.
NFTs
OpenSea plans to move to a zero-fee marketplace model as competition from rival platforms like Blur continues to escalate.
Former FTX CEO Sam Bankman-Fried has been ordered to appear at a remote deposition by Voyager Digital this week.
DeFi
Avalanche-based stableswap platform Platypus DeFi suffered an exploit on Thursday, may have potentially lost access to the bulk of the stolen funds.
