Daily Alpha and Summary. 1, June, 2024

Defi

IoTeX cofounder says 90% of IoTeX V2 is complete

Dusk FDN announce partnership with @BwreCapital. They’ll use Dusk to tokenize and issue RWAs, starting with 3.5M EUR worth of bonds on June 3

Tether buys $150M worth of Bitdeer shares. Bitdeer will use it to fund its data center expansion and ASIC-based mining rig development

Uniswap postpones fee switch

Japanese crypto exchange DMM Bitcoin suffered a 4.5K $BTC hack ($305M)

Offchain txns will be verifiable using zkps thanks to Risc Zero

In Vitalik’s latest X post “Layer 2s as cultural extensions of Ethereum” , he discusses how the main differences between L1s and L2s aren't about tech, but about organization and culture. He suggests that Ethereum, for example, fuels cypherpunk culture (privacy and open-source), attracting industries with the same values.

State of the Market

Joe Biden vetoes bill to overturn SEC bulletin— SAB 121, establishing accounting standards for firms that custody crypto.