Ledger Wallets Also Now Support CRO Holdings | MakerDAO And Increasing The DAI Savings Rate

This week’s market cap and volume indices were positive at +8.02% and +5.48%, respectively, while volatility index was negative at -4.55%.

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New Project Spotlight

• Crypto.com announced Ledger support for its Crypto.com Wallet Extension. Users can now import and confirm transactions using their Ledger hardware wallet, allowing for a more secure experience when interacting with dApps.
• Ledger self-custodial wallets also now support CRO holdings on Cronos (in addition to the Crypto.org Chain). Users can easily manage their CRO through the Ledger Live app from the security of their Ledger wallets.

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News Highlight

• Ethereum staking withdrawals have entered the testnet stage. Developers have launched a multi-client devnet to test the unlocking of Ether staked, and the withdrawal will be part of the Shanghai upgrade. 
• Gas usage on Ethereum Layer-2 networks just hit a record all-time monthly high, seeing over 103 billion gas used — a huge leap from 33.2 billion at the start of the year. The fees were mainly used to validate transactions and operate bridges in Layer-1.  
• In light of the recent failed US$60 million short attack on Aave, the project’s contributors proposed governance changes to cover $1.6 million in Aave’s bad debt. Another separate proposal has been drafted, calling for temporarily freezing certain assets on the platform to prevent further market attacks. 
• Compound Finance users have also passed a proposal to impose new borrow limits on 10 of its assets, with the goal to reduce risks relating to liquidity, market changes, and price manipulation and exploits, among others. 
• MakerDAO‘s governance forum has voted to hike the DAI savings rate up to 1%. The proposed changes aim to ensure liquidity to maintain DAI stability and to take the staking yields to be on par with yield offered by other DeFi protocols such as Aave and Compound. 
• DEX aggregator 1inch releases Rabbithole, a new feature that will protect users from ‘sandwich attacks’ — a type of crypto front-running that involves controlling asset prices by placing two orders and surrounding pending transactions. Rabbithole works by sending swap transactions directly to validators while avoiding the mempool, where it is vulnerable to sandwich bots’ attacks. 
• Ethereum software firm Consensys updated its privacy policy, outlining how it  “collects, uses, shares, and stores personal information of users of its websites” through its on-chain wallet service Metamask.

Recent Research Reports

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Argentina 2022 Survey: Argentines Are Increasingly Keen to Adopt Cryptos and NFTs: Crypto.com recently commissioned a survey of more than 2,000 Argentines to find out more about their investment preferences, knowledge, and opinions on crypto and NFTs.	Research Roundup Newsletter (October 2022): In this issue, we cover our recent Bloomberg Terminal integration, a special research report for the Singapore Fintech Festival, and feature articles on NFT financialisation and utility.	Alpha Navigator (October 2022): We look at crypto industry performance in October, including ETH’s short-term correlations with equities reducing. Is the Fed pivoting on rate tightening policy?

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	Argentina 2022 Survey: Argentines Are Increasingly Keen to Adopt Cryptos and NFTs: Crypto.com recently commissioned a survey of more than 2,000 Argentines to find out more about their investment preferences, knowledge, and opinions on crypto and NFTs.
	Research Roundup Newsletter (October 2022): In this issue, we cover our recent Bloomberg Terminal integration, a special research report for the Singapore Fintech Festival, and feature articles on NFT financialisation and utility.
	Alpha Navigator (October 2022): We look at crypto industry performance in October, including ETH’s short-term correlations with equities reducing. Is the Fed pivoting on rate tightening policy?

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