Today in DeFi - Nexo Under Investigation, SEC Charges Gemini & Genesis, Zero-Liquidation Loans, and More...
Nexo Under Investigation
Crypto lender Nexo is facing an investigation from Bulgarian prosecutors on alleged illegal activities, including money laundering, tax offenses, banking without a license, and computer fraud.
SEC Charges Gemini and Genesis
![Twitter avatar for @TheBlock__](https://substackcdn.com/image/twitter_name/w_96/TheBlock__.jpg)
SEC charges Genesis and Gemini for selling unregistered securities through Gemini’s Earn program.
Polygon Hardfork, Nothing Phone Launch
![Twitter avatar for @0xPolygon](https://substackcdn.com/image/twitter_name/w_96/0xPolygon.jpg)
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Polygon will launch a hard-fork upgrade on Jan 17th to boost performance by addressing the issues of gas spikes and chain reorganizations (reorgs).
Meanwhile, Nothing Phone launches a beta membership program for US users. Nothing Phone partnered with Polygon to integrate Polygon’s tech and allow users to access web3 dApps on mobile.
Coinbase Joins RocketPool oDAO
![Twitter avatar for @Jasper_ETH](https://substackcdn.com/image/twitter_name/w_96/Jasper_ETH.jpg)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFmOoD5OWYAAcIFd.jpg)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFmOoERCWYAA7K3L.jpg)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FFmOoEjSWAAARsG2.jpg)
Coinbase announces that its venture arm is joining RocketPool’s governance.
NFTX Upgrades Routing
![Twitter avatar for @NFTX_](https://substackcdn.com/image/twitter_name/w_96/NFTX_.jpg)
![Twitter avatar for @quagliero](https://substackcdn.com/image/twitter_name/w_40/quagliero.jpg)
NFT index funds protocol NFTX upgrades its routing and now sources liquidity from more AMMs, offering lower slippage on NFT orders.
Options Collateral Management Upgrade, Zero-Liquidation Loans…
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