Biweekly, we’ll round up the hottest news across the DeFi ecosystem to help you keep up to speed.  

Cryptocurrency exchange FTX and subsidiaries filed for bankruptcy following revelations they mishandled customer funds. (Blockworks

Bittrex released a statement outlining our commitment to customers following recent industry developments. Read Bittrex’s statement here

Polygon confirmed their plans to transition the sidechain network to a “true L2” scaling solution for Ethereum through the use of a zero-knowledge proof rollup in development. (The Defiant

Helium, a decentralized telecommunications protocol, and Solana announced a partnership for a 30-day free trial of the Helium network for users of Saga – Solana’s upcoming smartphone. (Decrypt

Blockworks details a raft of DeFi projects receiving fresh venture capital funding this week. (Blockworks

Wintermute-incubated decentralized exchange Bebop launched on Polygon, bringing their many-to-one trading to the lower fee network. (Coindesk

Ether is increasingly transitioning to a net deflationary asset post-Merge with over 3,000 ETH burned on a single day last week. (The Defiant

Animoca Brands CEO Robby Yung makes the case for why the metaverse can’t exist without web3 powering a transaction layer. (Decrypt

The L2 network Arbitrum has seen a significant spike in transaction volume since launching their Nitro upgrade. Delphi Digital reported Arbitrum transaction volume is now 62% the weekly transaction volume of Ethereum mainnet. (Blockworks

MetaMask announced a new bridge aggregation service that will enable transferring assets across multiple blockchains from within the MetaMask wallet. (The Defiant

Vitalik Buterin unveiled an updated Ethereum roadmap including a new stage called “The Scourge,” intended to specifically address MEV attacks (DEX manipulation attacks). (Decrypt