Daily Alpha and Summary. 23, May, 2024

Defi

Usual money announce $USD0 it’s stable coin address Tether monopoly and rev share to gov holders

Get familiar, ZeroSum, gamefi

Stargate announce date for V2, 28.05.24.

Orderly network partners with QuickSwap to launch Falkor to offer prep futures on Polygon PoS

HAQQ Network, Defi protocol on Cosmos announce partnership with Evmos, to leverage evmOS tech into its network to enable cross chain compatibility between Cosmos and ETH

TruFinProtocol launches institutional-grade liquid staking solution, TruStake, on the Aptos

Plume, RWA L2 raises $10M seed round led by Haun Ventures

zkp hardware accelerator, Cysic, raises $12M in pre-A funding round led by Hashkey and OKX ventures

Horizen labs launch zkVerify, it optimizes settlement for zkRollups and zkApps by reducing proof verification costs up to 91%. Integrates with SNARK schemes, supports ETH and BTC L2s, and plans expansion to other architectures. Currently Live on testnet.

Starting Thursday Robinhood will enable gasless swaps on Arbitrum

Fantom FDN to create Sonic Labs and FDN. FTM will be an L1 for Defi whilst Sonic will be an L1 with an L2 bridge connecting to ETH. Fantom closed a strategic funding round of $10M led by Hashed to support the Sonic

Celo announce Bloom, a program to help founders through their TGE journey and launch successful protocols on Celo

Elixir Games announce a strategic partnership with Avalanche. They’ll use Avalanche infrastructure for gameplay and digital assets

Dfinity Foundation launches new API for Internet Computer smart contracts to interact with any EVM

Viction join forces with Polygon CDK and Lumoz to leverage their technologies to accelerate appchain growth in Asia

Xapo Bank enables BTC deposits via Lightning network

State of the Market

China

Rip

SEC approves ETH ETF filing but hasn’t been cleared to trade yet