Alpha and Summary. June 6, 2024

Defi

Paxos has issued yield bearing stable coin USDL regulated in UAE

MEV bot jaredfromsubway.eth has netted $22M since March 2023, 76k+ ETH in gas spent.

5.8k ETH profit.

Permissionless Modular security layer— GoPlus, raises $10M backed by OKX Ventures, HashKey Capital and Animoca Brands

IOTA L1 launches RWA L2

zk

Entangle e-bridge now supports Solana

BTC DA layer Nubit raises $12M led by Polychain

State of the market

Hahaha

According to The Block, Moonpay has laid off 10% of its staff.

Rumors of Bybit opening up registration and authentication to Chinese users. They have long prohibited the registration and use of all Chinese users

Coinbase launches browser based ‘smart wallet’ infra, it’ll allow devs to provide users with passkey-based logins, easy access to Coinbase balances & gasless txns

BlackRock, and Citadel Securities fund plans to start a new national stock exchange in Texas to compete with NYSE