Key Takeaways

• Chainalysis announced support for the Lightning Network, allowing service providers to make use of the data for KYC purposes. While the move may be welcomed by regulators, it has provoked significant backlash from many in the Bitcoin community (ref).

• Polygon acquired Mir, a startup focusing on zero-knowledge proofs. This appears to be part of a broader strategy by Polygon to move into the ZK scaling space (ref, ref).

• Solana (SOL) suffered recent slowdowns from an apparent DDoS attack, which seems to have originated from the Raydium IDO. The platform stayed online throughout, and on-chain development has since increased (ref, ref).

• Optimism announced plans to remove the developer whitelist system, meaning that software deployment on the platform will now be open to all developers (ref).

• Cronos (CRO) saw a +24.36% increase in total transactions to 5.09M and stabilization of TVL at $1.29B (-2.27%week-on-week). The total number of wallet addresses now stands at 221,738, up +19.37% from last week.

Highlights

• Chainalysis to offer Lightning Network monitoring service to VASPs in 2022

• Polygon acquires Ethereum scaling startup Mir for $400M

• Solana on-chain development increases after a recent DDoS attack

• Optimism to remove developer whitelist system

• Polygon announces nearly $500,000,000 deal in effort To lead Ethereum-scaling solution race

• Cardano successfully launches testnet that will bring Ethereum tokens to its ecosystem

• Bitcoin core developer Samuel Dobson decides it is ‘time to go’

• How Taproot brings major benefits to Bitcoin hardware wallets

• Polygon to invest up to 250M MATIC into zero-knowledge tech

• Eterlast NFT project partners Immutable X Layer 2 platform: details

• Cardano: Active $ADA addresses quadrupled in November, report reveals

• Mintable supports minting on Immutable X

Sources: Coingecko, Etherscan, Ethernodes, Terra Station, Terra Etherscan, Avascan, Solana Beach, FTMscan, BSCscan, Cronos Explorer, DeFi Llama

Sources:  DeFi Llama, Polyscan, Clark Moody Bitcoin, 1ML, Ronin Explorer, Coingecko, Optimistic Etherscan, Arbiscan, Boba Explorer

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