MakerDAO Mulls Proposal To Boost DAI Savings Rate

Blend Drives Surge In NFT Lending Activity

Hello Defiers! Here’s what we’re covering today. But first, we’d like to take a minute to thank our sponsors, who make it possible for us to send out today’s newsletter.

FTX Hit By $1.2B in Withdrawals as Confidence Wavers in Exchange Giant

CZ Cranks Up Pressure on FTX With Massive Token Sale

Polygon Working to Become ‘True Layer 2’

U.S. Authorities Seize $1B Worth of Bitcoin from Silk Road Heist

Wintermute Elbows Into Crowded DEX Market

OpenSea Roils NFT Market With ‘Enforcement Tool’ For Creators

Daily Defiant: FTX Insolvency Rumors Are Flying and Binance’s CZ is Making it Worse

Weekly Recap: Art Gobblers, Coinbase Savings, Chicken Bonds, JPMorgan in DeFi, Instagram NFTs

SEC issues subpoena to influencers promoting HEX, Pulsechain and PulseX: CoinTelegraph

Coinbase Deal Shows Google Is Committed to Crypto – How Much Depends on Whom You Ask: CoinDesk

Our minds were blown at Day 2 of #SolanaBreakpoint: Solana

Mistaken $1B Hack Exposes ‘Blessing and Curse’ of Web3

Art Gobblers’ Floor Price Drops 50% After Splashy Debut

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Binance’s Move to Sell FTT Position Triggers 22% Plunge as FTX Scrambles to Shore Up Liquidity

 FTX’s reserves are under siege as a wave of users withdraw their assets from the derivatives exchange after its dependency on its token FTT and its relationship with a sister company, Alameda Research, 

 reported that FTX users had withdrawn $1.2B worth of Ether and ERC-20 tokens from the exchange over the last 24 hours, and deposited just $540M during the same period.

👉READ THE FULL STORY IN THE DEFIANT.IO👈

Binance Plans to Liquidate FTT Stake After Report Raises Questions About Symbiosis of FTX and Alameda

 In a major development for FTX, Binance, a rival cryptocurrency exchange, is planning to dump FTT tokens on the market, according to CEO Changpeng Zhou.

 is the brainchild of Nick Richey, who is not only an award-winning indie screenwriter and director but also the Keeper of Arms of the largest private collection of arms and armor in the world. Knights marries Nick’s love of media and antiquities, resulting in a multi-platform media company on a mission to democratize access to the world of ancient artifacts.

Knights has pioneered photogrammetry techniques to take one-of-a-kind ancient objects and bring them to the metaverse in 3D, bringing you up-close and personal with each sword, rapier, battle helmet, and beyond. The project will kick off with four culture “drops,” each release representing a different ancient warrior culture. Each drop will include a limited release of 2D collectible avatars and 3D collectible artifact NFTs.

This month, the Knights will open the doors to their carefully constructed universe. Token holders will receive a challenge to “Slay The Dragon,” access to a hidden writers’ room with exclusive first-look access to first draft scripts and concept art, and vote on important decisions regarding the collection. To take your first step into the immersive, multi-cultural Knights universe, follow 

Aims To Address Security and Decentralization Concerns

Polygon, the most popular of Ethereum’s many scaling solutions, is working to address one of its most persistent critiques and tap into the security and decentralization of Ethereum, according to its co-founders.

NFT Marketplace to Let Artists Prevent Sale of Work on Non-Royalty Sites

 NFT creators are finally getting a little financial help. At least that’s the pitch from OpenSea. On Tuesday, OpenSea, the No. 1 NFT marketplace, plans to release an “on-chain enforcement tool” that will let artists stop their work from being sold on sites that do not distribute royalty fees.

Bitcoin Keys Were Stashed in Underground Safe and Devices

 Nov. 7 that it seized more than 50,000 Bitcoin stolen from darkweb marketplace Silk Road a decade ago.

Bebop Hopes to Win Share With No Slippage Feature

 Bebop, a decentralized exchange built by crypto market maker Wintermute, launched Tuesday on the Polygon blockchain with an old-fashioned approach to an issue that has plagued DeFi for two years — delivering assets at quoted prices.

Launch your own token in less than 3 simple clicks for the chance to win over 150,000 WX tokens in prizes! 

Hello Defiers! Here’s what we’re covering today. But first, we’d like to take a minute to thank our sponsors, who make it possible for us to send out today’s newsletter.

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💥 FTX Hit By $1.2B in Withdrawals as Confidence Wavers in Exchange Giant