Daily Alpha and Summary. September 25, 2024

DeFi

Nomic announce launch of nBTC a 1:1 BTC backed token on Berachain

Oasys L1 gaming, Uprising L2 yield gaming and Arbitrum foundation to launch First gaming-focused Arbitrum Orbit Chain beyond Ethereum

Initia announce $14M series A round led by Delphi Ventures

Theta launched EdgeCloud for Mobile, enabling Android users to contribute spare GPU power to the Theta EdgeCloud network and earn TFUEL tokens in return.

Xprotocol built on Base launch XForge as 'World's First Node-Operated DePIN Smartphone'

EOS announce Spring 1.0 upgrade, with Savanna consensus algorithm, which enhances transaction finality to one second, 100X faster than previous versions

Movement labs launch accelerator program— Move collective for selected projects: Lync (consumer Rollup), Helixlabs (cross-chain solution), Nexio (parallelized Bitcoin rollup), Echelon (lending protocol), Meridian (defi protocol)

Arbitrum DAO proposes to allocate 250M Arb for ecosystem growth

https://snapshot.org/#/arbitrumfoundation.eth/proposal/0x852b7e7bc83db6c3628695816647bdeb9825d10e445a71dcc94e651b2f8a71b9

State of the market

PayPal now enables accounts to buy and sell crypto

Visa introduced the Visa Tokenized Asset Platform (VTAP), a new solution that enables banks to issue fiat-backed tokens on the Ethereum blockchain.