Daily Alpha and Summary. 17, October, 2023.

Defi

Scroll mainnet is officially live

LayerZero officially live on Scroll

Stararena trading is live

Another Socialfi but on Bitcoin. New Bitcoin City, recently hitting 50 BTC tvl

Reddit discontinues community points due to scaling and regularity issues. Community Crypto Token on Reddit Moon looses 90% in minutes and other tokens lost alot too: Brick etc

Fantom foundation wallet and employee looses $550,000 and $3.4M respectively to allegedly Chrome zero day (a board term used for hacks on chrome, meaning the affected recently learn bout the hack and has 0 days to fix it). Hackers wallet now has $7M in it.

Rabby wallet introduces Rabby desktop, a dedicated client for its security. Desktop version for hardware wallets.

Machibigbrother keeps buying Ape

Earlier P2P Lido contributors proposed to Lido DAO to continue or discontinue Solana support and DAO chose latter. Now the discontinue process will occur from Nov to Feb 2024, which dao will spend $20k per month for these months for execution

USDM stablecoin strategic partnership with Wintermute

Solana multisig solution for devs and treasury raises $5.7M funding round

Decentralized Web3 workspace and file management dapp— Fileverse raises $1.5M seed

Awesome stuff going on on Solana. AI to interpret transactions

Recursion, generation of Ordinal pfps. New protocol- Generatord

State of the Market

Stablecoins Holding more US treasuries than most countries and still climbing the ladder to overtake more. Now, with the rate and pace and growth. US might have to embrace stablecoins

Binance US continues its regulatory problems and suspends USD withdrawals. In this event, if users want to withdraw they’ll do so by converting to stable coins or other assets.

Biden to ask for more money for war

Daily Crypto News