Daily Alpha and Summary. July 8, 2024
Defi
EOS network launches 250M EOS staking program with 21 days lock period.
Great team pioneering DVT. They just hit 1m ETH, this comes after their DVT infra permissionless launch in December.
Zerion’s L2– Zero joins zksync elastic chain
Zerion joins zksync with this. Elastic chain is like Polygon Agglayer and Op superchain.
ParaSwap announces new product ParaSwap Delta, it’ll leverage Portikus infrastructure (decentralized Intent layer; a decentralized network of nodes running a solving engine on Paraswap’s aggregator) on Paraswap, enabling users to trade tokens w/o worrying about MEV or gas
Wormhole lunches native USDT transfer on Uniswap v3 and Pancake swap pools available on ETH, Arbitrum, Base, Optimism, Avax, Polygon, BNB
1inch Labs announce addition of Web3 RPC API to their 1inch developer Portal to expand the range of tools available to developers. This will help devs with efficient and robust RPC blockchain interaction without the need to run their own node.
Halliday aims to be the commerce layer of the appchain/modular world.
Halliday launches Halliday Commerce Automation Network to improve app-chain commerce, address chain UX, and web2-web3 off/on-ramp
AI and cryptography research lab, Bagel network announce GPU restaking solution in collaboration with Filecoin; this will allow devs to train and store their models using Filecoin’s tech
Education protocol, Open Campus announced $1M hackathon to promote decentralized app development on the EDU Chain, a decentralized blockchain for education
Immunefi and Ethereum Foundation launch Attackathon to enhance Ethereum’s protocol security. Ethereum Foundation has seeded the reward pool with a contribution of $500k
Xai game contributors have agreed to relock their July unlock tokens over 6 months; bringing team allocation from 85M to 17.7M tokens. ~107.9M XAI tokens will be unlocked in July
I wonder who designed their tokenomics
Covalent announce gov proposal to transition its existing token CQT, to CXT
ENS rebrands logo and website
State of the Market
German govt sold 17k BTC ($951M) in a day whereas, Grayscale Bitcoin ETF bought $25M BTC.
Germany is selling, ETFs are bidding
German govt sold 17k BTC ($951M) in a day whereas, Grayscale Bitcoin ETF bought $25M BTC.
Fidelity, VanEck, Franklin, 21Shares, Grayscale, BlackRock all filed updated S-1 for their Spot Ethereum ETF