Offchain Labs has successfully launched the public mainnet of the widely anticipated Ethereum layer two platform, Arbitrum One. According to Amy Wu, “over 400 projects have chosen to launch with Arbitrum, including Reddit.”

FTX.US, the U.S. based affiliate of popular crypto exchange FTX, has acquired crypto derivatives exchange LedgerX for an undisclosed sum. The deal is expected to be completed in August according to FTX.US president Brett Harrison.

Larva Labs, the studio that created popular Ethereum NFT projects CryptoPunks and Meebits, has signed with United Talent Agency. The team at United Talent Agency will look to bring the original NFTs into film, TV, video games and other popular forms of media.

Sponsored: Buy bitcoin and 100+ cryptocurrencies with 20+ fiat currencies. New users can enjoy 0% credit/debit card fees on all crypto purchases made in their first 30 days. Join 10 million users and download the Crypto.com App now.

Top stories in the Crypto Roundup today:

• Offchain Labs Launches Public Mainnet Of Arbitrum One
• FTXUS Acquires Crypto Derivatives Exchange LedgerX
• Larva Labs’ NFT Projects Sign with United Talent Agency
• Sponsored: Crypto.com - The World’s Fastest Growing Crypto App

Offchain Labs Launches Public Mainnet Of Arbitrum One

Offchain Labs has successfully launched the public mainnet of the widely anticipated Ethereum layer two platform, Arbitrum One. According to Amy Wu, “over 400 projects have chosen to launch with Arbitrum, including Reddit.”

Leading DeFi protocols such as Aave, Chainlink and MakerDAO, as well as other Ethereum projects, are already building on Arbitrum One. 

Yesterday, on August 31, Offchain Labs also announced that it had secured $120 million in a Series B funding round led by Lightspeed Venture Partners, Polychain Capital, Alameda Research, Mark Cuban and others. 

Amy Wu, a partner at Lightspeed stated that “[Offchain Labs’] dedication to the Ethereum developer community is second to none and they have the best, easiest-to-use scalability product. That’s why over 400 projects have chosen to launch with Arbitrum, including Reddit.”

FTXUS Acquires Crypto Derivatives Exchange LedgerX

FTX.US, the U.S. based affiliate of popular crypto exchange FTX, has acquired crypto derivatives exchange LedgerX for an undisclosed sum. The deal is expected to be completed in August, according to FTX.US president Brett Harrison.

LedgerX has had a turbulent history since being launched in 2017 by co-founders Paul and Juthica Chou. A couple of years after launching, both the co-founders were placed on leave after an altercation with the U.S. Commodity Futures Trading Commission (CFTC). 

This altercation happened as a result of an announced derivatives product launch, however, the CFTC had not provided amended derivatives clearing organization (DCO) license to the firm for the product. 

Since then, LedgerX has changed its management and now has a derivatives clearing organization (DCO), designated contract market (DCM) and swap execution facility (SEF) license from the CFTC.

Brett Harrison stated that LedgerX will continue to offer its services under its pre-existing brand, however, over time it is likely it will merge under the FTX.US umbrella with new products in the pipeline.

Larva Labs’ NFT Projects Sign with United Talent Agency

Larva Labs, the studio that created popular Ethereum NFT projects CryptoPunks and Meebits, has signed with United Talent Agency. The team at United Talent Agency will look to bring the original NFTs into film, TV, video games and other popular forms of media.

NFTs have been booming over the last few months and CryptoPunks - Ethereum based pixel avatars launched in 2017 - have been at the heart of it. 

The United Talent Agency announced that it had signed Larva Labs, the team behind CryptoPunks, Meebits and Autoglyphs, as it pursues media, publishing and licensing opportunities for the widely sought after NFTs. 

Larva Labs co-founder Matt Hall told The Hollywood Reporter that “We are excited to work with UTA for the benefit of the entire community connected to our projects [...] Not only for the exciting opportunities to bring them wider exposure but to help protect their growth and value for the long term.”

Crypto.com - The World’s Fastest Growing Crypto App

Buy bitcoin and 100+ cryptocurrencies with 20+ fiat currencies. New users can enjoy 0% credit/debit card fees on all crypto purchases made in their first 30 days. Join 10 million users and download the Crypto.com App now.

Press Release

State of the Crypto by Top Tier Exchange Volume

Build your project with CoinDesk Data

Terms | Privacy

13 Charles II St, SW1Y 4QU

London, UK

This email may include advertisements by third parties. None of the advertised or promoted products and services have been verified or approved by us and this email is not any endorsement by us of the third party or of their products or services.