# Weekly News 11/15

**Published by:** [CyberGen Lab](https://paragraph.com/@cybergen-lab/)
**Published on:** 2022-11-15
**URL:** https://paragraph.com/@cybergen-lab/weekly-news-11-15

## Content

DeFiUniswapIn the wake of the recent FTX meltdown, Uniswap recently surpassed Coinbase and became the world’s second largest Ethereum trading venue with over $1 billion in ETH daily trading volume.SolanaThe recent downfall of prominent Solana backer Sam Bankman Fried continues to ripple-down on the Solana ecosystem as shows the drop by more than 50% of the SOL price and overall liquidity drop in Solana’s ecosystem over the past two weeks.DeFi LendersWhile Maple Finance narrowly escaped disaster after closing all loans to Alameda in September, fear of contagion in the sector following the demise of FTX and Alameda Research still remain present in the market. Indeed, despite the already known $12.4M liabilities owed to a variety of corporate lenders (Apollo Capital, Clearpool, …), many market participants fear the potential unveiling of additional hidden liabilities in the coming weeks.Web3SarcophagusSarcophagus the famous dead man’s switch dApp developped on top of the Arweave network, recently reiterated its December mainnet release date while unveiling a new live demo of it’s faster and more user friendly V2 version leveraging the Bundlr Network.KwilKwil, best known for its decentralised SQL development on Web3 recently announced a new partnership with BlockVision in order to help it decentralised its structured data storage architecture.Trust WalletTrust Wallet, a major self-custodial and multi-chain wallet provider recently announced the launch on Chrome, Brave and Opera of its brand new browser extension wallet supporting Solana and all EVM chains.EcosytemDeFi regulationEarlier this week, in an attempt to fill-up the void left by Sam Bankman Fried, Binance’s CEO Changpeng Zhao, took the stage at Blockbali to voice his stance on the nedeed sector regulation and indirectly propose a new industry partner to US regulators.MarketBTC $16,833.56ETH $1253,67BNB $275.36ADA $0.33SOL $14.30Sino GlobalSino Global, a blockchain and digital assets-focused investment firm, closely tied to SBF and directly owned by Alameda Research recently announced that despite having suffered mid-seven figures losses the company will nonetheless be able to continue its operations.IkigaiAs confirmed by its founder, california-based hedge fund Ikigai Asset Management had a large majority of its assets on defunct crypto exchange FTX and will consequently most likely be forced to scale-down or stop all operations.

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