Today in DeFi - Binance FTX Potential Merger, Bebop Live, Inverse DBR Airdrop, and More...
Binance FTX Potential Merger
On Nov. 2nd, Coindesk reported on a leaked balance sheet from Alameda Research, which maintains close ties with FTX.
On Sunday night, Binance's CEO sent a tweet about selling FTT.
FTX users started to withdraw amounts in big amounts, causing a liquidity crunch on the exchange. FTX was then forced to sell part of its crypto holdings to keep the reserve from depletion.
On Tuesday, Binance's CEO confirmed a deal on Twitter with FTX, saying the two exchanges signed a non-binding letter of intent where Binance may acquire FTX.The deal has not been settled as Binance is continuing to do DD on FTX.
User withdrawals have not been resumed on FTX as of writing.
Bebop Live on Polygon
Bebop launches on Polygon due to the network’s low fees. Bebop is a DEX with low slippage and allows users to trade a basket of tokens in a single transaction.
Swim Shutting Down
Cross-chain stableswap Swim protocol announced it will terminate the protocol due to external and internal concerns.
WooFi Live on Arbitrum
WooFi, WOO network’s DeFi products, launches on Arbitrum with the debut of sPMM v2, which brings improvements on gas cost and price feeds to swapping.
STEPN x ASICS & Solana
STEPN announces partnership with ASICS and Solana to launch the UI Collection, a physical product available to order using USDC on Solana Pay.
Ncsoft Invests in Sui
Mysten Labs, the builder of the Sui blockchain, has entered a strategic partnership with South Korean gaming company Ncsoft. Both parties will partner up to create engaging gaming experiences.
Inverse DBR Airdrop
