Ex-Revolut Exec Launches Governance Token With Backing From Galaxy Digital
Revolut’s former growth lead is turning his crypto project, Gro, into a DAO.

An Update on the ‘Erroneously High’ Gas Fee That Temporarily Cost DeversiFi $23.7M
Forget the scammers; crypto has its heartwarming stories, too.

IDX CIO on Selling Fully Out of Bitcoin Exposure
Quantitative asset manager IDX Digital Assets has sold all of its bitcoin holdings. IDX Chief Investment Officer Ben McMillan discusses why, citing news from China, global regulatory actions, and BTC’s speculative nature.

Clearpool Raises $3M to Build Decentralized Capital Markets on Ethereum
The project will use the capital to further its protocol and launch additional features.

Market Wrap: Bitcoin Traders Cautious After China Crypto Ban, DeFi Outperforms
Some traders are piling into DeFi tokens in the wake of the ban.

DeFi Tokens PERP, DYDX Lead Crypto Market Higher, Bitcoin Nears $44K
Supposedly censorship-resistant decentralized finance (DeFi) rails see increased activity in the wake of China’s crypto crackdown.

DeFi Tokens PERP, DYDX Lead Crypto Market Higher, Bitcoin Nears $44K
Supposedly censorship-resistant decentralized finance (DeFi) rails are seeing increased activity in the wake of China’s crypto crackdown, with bitcoin also trending higher. GSR Co-founder & President Rich Rosenblum discusses the connection between the China crackdown and the surge in DeFi, outlook for bitcoin, buying opportunities he’s continuing to watch, and institutional adoption.

CoinFund’s David Pakman on DeFi, NFTs, Crypto Regulation
As China moves to crack down on crypto, particularly trading with centralized exchanges, DeFi is seeing a rise. David Pakman, a managing partner at crypto VC firm CoinFund and former partner at Venrock, discusses what long-term investment opportunities he’s seeing in DeFi and NFTs, also sharing his views on crypto regulation.

Cardano’s Commercial Arm to Invest $100M in DeFi, NFTs and Blockchain Education
A “dedicated” operation will commence next year to further DeFi, NFT solutions and blockchain education efforts.

UNI Token Rises 20% as China’s Blanket Ban on Crypto Businesses Puts Focus on Decentralized Exchanges
Investors turn away from centralized exchanges in the wake of China’s blanket ban on virtual currency businesses.
