ALPHA V31
Defi
EigenLayer increases and opens vaults for previous LSTs innit and new ones— swell, Origin, ankr, etc
Ordinals eco went through the roof this week.
Although fud from BTC core dev left a premature bullishness
Still have conviction on it.
Bitcoin core dev worries about ordinal/BRC making BTC slow and txn fees costly. However, it’s left to BTC miners to decide if to include ordinal txns or not and I think they’ll cos of free fees.
Mantle introduces its LSP- #mETH
ETH LSD yield on Cosmos
PayPal to incentivize liquidity on Curve
Bringing IBC to ETH chooses Eigen as DA— Polymer labs
$23M Arb grant for projects who missed out on previous grant
Base projects that’ll get an OP grant
Merit Circle, a Gaming DAO, and Immutable tag team to grow and support web3 video game development— Beam
Helium Mobile merges the Helium Network, a Solana-based IoT initiative, with a nationwide 5G network for its services.
#LINK Staking v0.2 pool filled up in 6 hours after the early participation phase opened. 10% of total link supply staked
Ocean mining censors Whirlpool. BTC
Osmosis X Umee defi merger
Sismo which develops identity management and privacy solutions on Ethereum returns funds to investors. A sad one!
Premia joins Camelot round table, signifying deep liquidity for Premia on Camelot.
Amino integrates Chainlink CCIP
Thunder Terminal V2 is live
Ankr RAAS support for zkSync Hyperchains on the testnet, allowing developers to create and implement tailored L2 chains for dapps
parsec launches their multichain block explorer.
New RAAS ZK L2– ZKFair, uses Polygon CDK and Celestia as DA
Link AVAX ETF soon?
Dymension mainnet soon!
Formerly a layer1, now stateless rollup for ETH called LASR and uses Eigen as DA. Raises $2.3M in seed funding at valuation of $50M.
Dark Frontier, a Game that’s an EVM rollup powered by Celestia DA
Hashflow 2.0. Upgrades at Smart Order Routing, Cross-Chain, Solana Expansion.
Same applied to Gala nodes in last bull and price surged. Now, Myria will increase their node price from 4500$ to 5500$
Gyroscope (GYD) stablecoin launched on Ethereum after Polygon testing, backed by investments from Galaxy, Placeholder, and Maven 11.
Similar to blast but better cos deposits ain’t locked for months. Deposit USDC to earn aeUSD that gives u 4.75% APY. Yield is generated from Maker. And you’re farming airdrop too.
Balancer V3. Will launch in early Q2 next year, will reduce bottlenecks,etc by introducing brand-new features, pool types, and tooling.
Wormhole introduces wormhole Queries which will help devs pull on-chain data instantly and affordable.
Sec registered product focused on private credit built on Goldfinch.
Rotation is towards AVAX. Imo, this is the bonk of AVAX
Good entry degen on 11th. Increased leverage from 10x to 1000x leverage, no liquidation with capped downside, 200k $ARB deployed to pools in ‘24 and more
VC raises this Week
Airdrop
Solana’s $JITO printed a lot for peeps this week
Most protocols on SOL don’t got tokens yet
Gud to farm them 👇🏻
Seems Starknet airdrop will be in phases with first phase in Q1. 900M STRK for community and 50M STRK to incentivize defi. Generally distributing 1.8B Strk.
Expect L0 airdrop in First half of 2024
NFT
Thirdweb revealed a security flaw within its open-source library, impacting pre-built smart contracts related to various NFT collections.
State of the Market
Possible $500B Qatar BTC investment
Pando enters BTC ETF race
AEUR stablecoin pumped to $3 on Binance.
US judge accepts CZ plea deal
BlackRock updates application for BTC ETF
Bitwise Invest does same.
Bloomberg overly bullish on BTC
Do Kwon to be sent to USA on UST, LUNA collapse charges.
Sam Altman-backed Meanwhile Group launched a bitcoin private credit fund, aiming to attract institutional investors with a "conservative" 5% yield in Bitcoin.
Ze end 🐍