Alpha and Summary. June 5, 2024

Defi

BNB breaks $700, new ATH

Avail raises $43M in Series A funding led by Founders Fund, Dragonfly and Cyber Fund

Privacy focused ETH L2— Fhenix raises $15M in Series A funding led by Hack VC

Astar Foundation proposes to burn 350 million ASTR tokens from their parachain reserve.

True

Polygon acquires yet another zk research firm who helped build Polygon’s Type-1 prover— Toposware; raising Polygon’s investment on zk acquisition to $1B

Kraken lists TREMP and BODEN making it the first major US exchange to list PoliFi tokens

Starknet dapp Nostra to tge and airdrop 17th June

zk processor, Lagrange has launched on EigenLayer

Starknet has a new vision to scale Bitcoin with ZK-STARK, they aim to have full functionality over both Ethereum and Bitcoin.

Airdrop

State of the Market

Bitcoin ETF sees its highest inflow since March at +$880M