Daily Alpha and Summary. 14, June, 2024

Defi

Gud stuff

Manta has launched a $50M Ecosystem Grant Program and Fund to support early-stage projects focusing on ke AI, ZK and DePINs

As private testnet looms, Movement announce The Battle of Olympus Hackathon to foster growth and adoption of Movement

Pirate a16z backed Gaming studio, Pirate Nation gets listed on Coinbase shortly after launch

Near FDN forms Nuffle labs backed w/ $13M in funding, a grant from the Foundation and external investment by Electric Capital. Nuffle labs will propel Near’s modularity. They aim to make Near offer NEAR's Data Availability (NESR DA) and Fast Finally Layer (NFFL) products to Rollups

Graph Network completes their Sunrise Initiative where their subgraphs upgraded from centralized hosting providers to a globally distributed network of token-incentivized data indexers; making them a Decentralized Web3 Data Layer

Zksync Dapps that got the drop

PanteraCapital invests $5M in Everclear formerly Connext

API3 CORE API3's Oracle Stack is live on Core Dao

Curve founder, Michael Egorov was liquidated for $140M CRV

Bailing be happening

State of memes

State of the Market

At Congressional Hearing Gary Gensler said ETH Spot ETFs is likely to receive approval around summer

Bitcoin ETFs saw net outflows of -$226.2M for Thursday with Fidelity selling 1590 BTC ($106m), their second largest daiky outflow since launch

Paradigm raise $850M, their third fund focused on crypto projects at the earliest stage

MicroStrategy proposes $500 million debt sale to boost BTC stash