Daily Alpha and Summary. 17, November, 2023.
Defi
dydx lost $9 million from their insurance fund due to a targeted attack against Yearn Finance YFI, forcing DYDX insurances funds to be used to cover up liquidation. 13.5M remains in the fund, ensuring the safety of users' funds. They're responding by raising margins in low-liquidity markets as a precautionary measure.
Dydx greedy
Sleek raises $5M seed
Recently Traderjoe front end was exploited but has been fixed now
Berachain starts validations
Low cast in built cross chain swaps soon on Phantom
Woo paused trading due to protect users innit due to one of its major liquidity providers Kronos Research recently experienced a hack
Kamino, borrow/lend market in solana is live
AI prime time.
Alpha launch of Zkp trustless fiat to crypto on-ramp on Base
Fund raises this week
AIRDROP
Blur airdrop on Monday
#KAS live on Rollbit
Unibot now a standalone trading terminal. No need to go through telegram and 0 trading fees for next 10 days
State of the Market
Sam Altman ousted by OpenAI board
Now in talks to bring him back
The SEC's Trading & Markets Division is engaging with exchanges regarding Spot Bitcoin ETF 19b-4 this week. They suggest the ETF create cash, not physical assets, and propose a revised submission next year.
Fidelity files for Spot ETH ETF
Daily Crypto News.
