FTX-linked Alameda Research withdrew ~$37M worth of wrapped bitcoin from crypto exchange FTX.US on Wednesday (Krisztian Sandor/CoinDesk)

Krisztian Sandor / CoinDesk:
A look at what went wrong at decentralized lending protocol Maple Finance, as $54M in loans, or 66% of its lending pools, turn bad and what could happen next  —  Maple Finance, the largest unsecured crypto lending platform, is grappling with a debt crisis while gearing up for a major system upgrade.

Brandy Betz / CoinDesk:
Tharsis Labs, which develops the Evmos cross-blockchain tool to connect Ethereum and Cosmos, raised $27M via a token sale led by Polychain Capital  —  Polychain Capital led the funding raise to accelerate the cross-chain decentralized app platform  —  Tharsis Labs – the core developer of Evmos …

Krisztian Sandor / CoinDesk:
Block’s bitcoin-focused TBD subsidiary partners with Circle to build infrastructure for cross-border, dollar-linked stablecoin transfers and savings  —  The partnership aims to improve people’s access to dollar-linked stablecoins in countries with rapidly devaluing currencies.

CoinDesk:
Binance CEO Changpeng Zhao plans to sell the remaining FTT tokens taken on from exiting FTX’s Alameda in 2021; Binance received ~$2.1B from the previous sale  —  Alameda’s CEO offered to buy Binance’s FTT token holdings for $22 apiece.  —  Binance’s CEO, responding to a CoinDesk scoop …

Brandy Betz / CoinDesk:
Estonia-based 3Commas, an automated crypto trading and portfolio management service, has raised a $37M Series B  —  The CEO of crypto custodian Copper also led the round for the trading bot-driven ecosystem.  —  3Commas, an automated crypto trading bot platform, has raised $37 million …

Krisztian Sandor / CoinDesk:
Bankruptcy filing: Celsius says it expects ~$70M of “proceeds from the repayment of USD denominated loans”, which could help it operate through the end of 2022  —  The extra cash from loan repayments, previously believed to be in stablecoins, means a much needed boost for the cash-strapped lender.