Daily Alpha and Summary. 16, May, 2024

Defi

Pancakeswap to pay $8M in fees traders incurred on Uniswap. This is eligible to users who match their Uniswap v3 volume 1:1 on PancakeSwap v3 between May 16 and Aug 15

MakerDAO said they’ll launch PureDAI in a few years, it’ll be a decentralized alternative to $DAI which will use ETH and stETH as collateral

Entangle now supports BNB chain

Alvara Protocol, defi based fund management system, launches testnet

Param Labs has raised $7M in funding led by Animoca Brands

Pump[.]fun dev exploited the project’s bonding curve leading to a $2M+ loss. Team says project is now back to normal

Lmaooo so true

The exploiter 👇🏻

🍿

Friendtech cares

Drift airdrops 12% of supply to community

Crypto activities Lmaoo

Gud for devs

World’s largest securities settlement system, DTCC, completed a pilot project w/ LINK & JPMorgan, Templeton, etc to accelerate Fund Tokenization

MODE staking v1.2 now live with 200k $OP to be rewarded

Big if true

State of the Market

What’s going on with SAB 121? This 👇🏻

CME plans to offer spot BTC trading to clients

She’s crypto pilled now

The Autorité des Marchés Financiers (AMF), notified French citizens to prepare for closure of Bybit services in France because they’re not registered as a digital asset service provider

Sam Trabucco wrote three pages of support for former FTX Digital Markets co-CEO Ryan Salame.