Daily Alpha and Summary. 13, May, 2024
Defi
They raised $111M source: https://techcrunch.com/2022/06/01/softbank-co-led-66-million-round-for-blockchain-focused-infstones/
Now they’re doing loyalty points, I staked my Eigen. You should
Use my ref: https://infstones.com/points?ref=5267443315
RoaringKitty who led GameStop squeeze is back tweeting after 3 years hiatus. $GME $Kitty went brrr due to this
Literally state of the market
ChainML, AI Agent base layer, raises $6.2M from Hack VC. Also unveils Theoriq, an AI agent base layer
Gateway[.]fm launches Node-as-a-Service (NaaS) solution to simplify the process of setting up and managing nodes
CEO Antonio Juliano, steps down to become chairman and president of dYdX Trading Inc. Ivo Crnkovic-Rubsamen will take over as CEO
BTC lending solution, Zest Protocol raises $3.5M seed led by drapervc
Pudgy Penguins has sold over one million plush toys through various retailers— Hot Topic, Target, etc in less than a year. They’re now also available on Gamestop
OTC liquidity network Paradigm announced on Monday a block trading facility on Deribit for $Matic, $SOL, $XRP call options expiring on May 31
Coinbase currently facing a major outage that at 4:15 AM UTC but says Funds are safe
Bryan Pellegrino says 100k+ addresses have self-reported themselves as airdrop sybils. If you’re a Sybil you’re a Sybil
Former Polygon head of Defi, Jack Melnick joins Berachain in same role
L3 chain Degen Chain hasn’t produced a block for more than 11hours now, the reason is unknown
Synthetix founder Kain Warwick launches Infinex. Reaches $1M TVL in 24 minutes before governance points rolls out. It’s a front-end site that unifies dapps into a single user-friendly layer.
State of the Market
Japanese Metaplanet release whitepaper on their Bitcoin corporate treasury strategy.
Biden blocks Chinese crypto mining operation within a mile to nuclear missile base Warren Air Force Base in Wyoming calls it national security risk
OKX officially launches crypto services in Australia
Moonpay donates $1M to Coinbase-initiated Stand With Crypto
