Today in DeFi - FTX Situation Update, MetaMask Bridges, Intro to Grizzly, and More...

FTX Situation Update

Today Binance stated it will not pursue the FTX deal due to their DD.

Primary holdings of FTX/Alameda (besides stables) include $FTT, SOL, SRM, BIT, xSUSHI, LDO, etc. and investments of FTX ventures include $NEAR, APE, APT, MINA, HNT, etc.

Tracked wallets of FTX/Alameda all have hundreds of millions of holdings:

Larry Cermak 🫡 @lawmaster

Link to the sheet here:

docs.google.comAlameda and FTX addressesAlameda Address,Label,USD balance (Oct 1),USD balance (Nov 7),DIfference,Notes 0xe31a9498a22493ab922bc0eb240313a46525ee0a,Alameda Research,$140,543,478,$19,519,612,-$121,023,866,Most deposited to Genesis 0x712d0f306956a6a4b4f9319ad9b9de48c5345996,Alameda Research,$90,837,949,$30,628,545,-$60,209...

Later Justin Sun from Tron/Huobi tweeted that he’s working to enable trading/withdrawal of a few assets ($TRX, JST, SUN, HT, BTT) on FTX so that users with stuck funds will have some options to get their funds out.

On FTX’s side, the team seems to be conducting a raise to mitigate the damage caused, but without any official announcement/further details.

Cobie @cobie

A msg from SBF on FTX slack that got leaked to me by some telegram anon, have verified its real w another

MetaMask Bridges

MetaMask 🦊💙 @MetaMask

A savvy 🦊 knows which bridge will get it where it needs to go. Introducing Bridges (in beta) on Portfolio Dapp: Bridges aggregates different bridging services & users can choose the most suitable option to move their funds from one chain to another🧵👇 metamask.io/news/latest/me…

metamask.ioMetaMask Launches Bridge Aggregator In Dapp To Easily Move Tokens Across ChainsMetaMask Bridges (beta) aggregates the best routes with time, cost, and security considerations for a better bridging experience.

MetaMask launches a bridge aggregator in its dApp. MetaMask has integrated Solet, Li.Fi, and individual bridges like Connext, Hop, etc. to enable asset transfers between EVM chains including Ethereum, Avalanche, BnB Chain, and Polygon.

Sandbox x LINE Studio

playtoearn.net • play2earn.crypto @play2earncrypto

📰 LINE Studio Expands its Gaming IP to The Sandbox Metaverse ➡️ Read More: playtoearn.net/en/news/line-s…

playtoearn.netLINE Studio Expands its Gaming IP to The Sandbox Metaverse | PlayToEarnThe exciting partnership will see LINE Studio bringing its flagship games and in-app characters to The Sandbox realm.

Sandbox announces the partnership with LINE Studio. LINE Studio will bring its gaming IP to the Sandbox metaverse.

StarkNet Foundation

StarkWare @StarkWareLtd

The StarkNet Foundation is now officially launched and dedicated to empowering the community. By forming the @StarkNetFndn, #StarkNet has taken an important step towards its future community governance. Read More 👇 starkware.medium.com/introducing-th…

starkware.medium.comIntroducing: The StarkNet FoundationThe Foundation will facilitate the building of StarkNet as a permissionless, decentralized Validity Rollup.

The StarkNet Foundation is a nonprofit organization and is independent of StarkWare. The foundation holds 50.1% of the total STARK token supply and will focus on supporting developments of the StarkNet ecosystem.

Stable Farming on BnB Chain… and More

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Disclaimer: Projects or tokens mentioned in this newsletter are often experimental or unaudited. Do your own diligence before using or buying anything mentioned.