Alpha and Summary. June 7, 2024

Defi

Mountain Protocol announce $8M Series A led by multicoincap

Hyperlane is scaling Zetachain’s interoperability

Taiko Phase 1 airdrop claiming is live with 5% of the initial TAIKO supply.

Taiko has enabled permissionless sequencing and proving

Ankr raas will soon support Fluent

AI and Depin protocol— Glacier Network announce $8M raise in Angel and seed round at $100M val, with 10x oversubscribed open interest.

SushiSwap is now live on Bitcoin sidechain Rootstock

For the first time, Eigenlayer passes $20b in TVL

State of the Market

BlackRock bought $350M in Bitcoin  

Robinhood to pay $200M in cash to acquire Bitstamp to expand outside US

Literally state of the Market