FTX and Alameda have filed for bankruptcy, BlockFi may follow suit. Nike unveils NFT platform, Genesis halts withdrawals. Binance granted financial services permission. Solana loses market value. Circle adds Apple Pay support. Twitter faces employee departures. Adidas launches NFT wearables. Hyperledger launches digital identity project. New York Fed announces digital dollar testing. Ikigai loses funds on FTX. Funding rounds: Thallo raises $2.5M, ADDX raises $20M, Matter Labs raises $200M, Ydentity raises $1M. Yuga Labs acquires WENEW.

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<div><div><h3>Recap of the Week</h3>FTX and Alameda file for bankruptcyBlockFi halts withdrawals and may file for Chapter 11 bankruptcyNike unveils NFT platformGenesis halts withdrawalsAbu Dhabi grants Binance financial services permissionBinance CEO CZ announced an industry recovery fund to help crypto projects avoid liquidity issuesSolana loses 60% of its market value in a weekCrypto stablecoin issuer Circle adds Apple Pay supportBlockFi reportedly mulling bankruptcyTwitter faces a new wave of employee departures Adidas launches NFT avatar wearablesHyperledger launches new digital identity projectNew York Federal Reserve announces 8 banks to test digital dollarsCrypto asset management firm Ikigai lost a "large majority" of its funds on FTX<div><figure><a href="https://newsletter.thedefiant.io/s/defi-alpha?utm_source=newsletter&amp;utm_medium=banner&amp;utm_campaign=EuropeanBlockchainConvention" target="_blank"><div><picture><img src='https://sosovalue.s3.us-west-2.amazonaws.com/sosponge/web3image/23/10/30/jfu3tmvedwr7.png'/></picture></div></a></figure></div>Get smarter on DeFi and Web 3 with The Defiant. Get the 5-minute newsletter keeping 80K+ crypto innovators in the loop.<a href="https://newsletter.thedefiant.io/subscribe?coupon=e0729e79" rel="" target="_blank">Get 25% off for 1 year</a>.<h3>Latest Funding Rounds in Crypto</h3>Thallo raises $2.5M in Seed Round · Founded in 2021 · UK<ul><li>Thallo uses blockchain technology to revolutionize and democratize the way individuals and businesses buy, sell and trade carbon offsets.</li><li>The company intends to use the funds to accelerate ongoing development and marketing of its flagship carbon exchange.</li><li>Round led by Ripple.</li></ul>ADDX raises $20M in Series B · Founded in 2017 · Singapore<ul><li>ADDX is a digital securities platform for private market investments with a mission to democratize the private capital markets</li><li>The firm will use the capital to fund their global expansion by working with partners and obtaining new licences </li><li>Round led by KB Securities.</li></ul>Matter Labs raises $200M in Series C · Founded in 2019 · Cayman Islands<ul><li>Matter Labs is better known for its work on zkSync, an ethereum scaling solution that drastically reduces the cost of Ethereum transactions.</li><li>The funds will be used to accelerate the zkSync mission, fund third-party ecosystem projects built by other teams and grow the team. </li><li>Round led by Blockchain Capital and Dragonfly.</li></ul>Ydentity Organization raises $1M in Series A · Founded in 2021 · Switzerland<ul><li>Ydentity ID is the new passport format of the digital natives.</li><li>Ydentity was born to defend the right to have alternative forms of identity.</li><li>Ydentity NFT is an alternative identity document (Alt-ID) based on video emotion recognition and processing of the attributes of the person by AI.</li><li>Valuation at $4.5M. </li></ul><h3>Acquisitions</h3>Yuga Labs acquires WENEW - Terms were undisclosed <ul><li>Yuga Labs is a blockchain technology company that develops NFTs and digital collectibles.</li><li>WENEW is the home of the 10KTF narrative-focused NFT collection.</li><li>This acquisition will push the boundaries of where the metaverse meets reality through creative storytelling and immersive experiences</li></ul><h3>Meme of the Week</h3><div><figure><a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ffe4331cd-333c-4e56-ab4c-7419808e869a_1288x1065.png" target="_blank"><div><picture><img src='https://sosovalue.s3.us-west-2.amazonaws.com/sosponge/web3image/23/10/30/48wftmvedw8v.png'/></picture></div></a></figure></div></div></div>

FTX and Alameda file for bankruptcy. BlockFi and Genesis halt withdrawals. Nike unveils NFT platform. Solana falls 60% in a week.