Daily Alpha and Summary. 25, October, 2023.

Defi

Ledger launched its Recovery service, which is available to paid subscribers. Aim is to help users recover their seedphrase if they loose it etc

LightSpark unveils Universal Money Addresses for enhanced messaging and integration with the Lightning Network’s for ex global payments

#POL is live on Eth mainnet

Arb orbit is live on mainnet; can build L3s on it

LayerZero deploys their own version of Lido’s wstETH to Scroll, BNB Chain, and Avalanche w/o permission from Lido DAO. And the problem here asides seeking permission is the token was randomly created by L0, so if Lido decides to launch main token on these chains can cause liquidity issues

Dopex migrates liquidity from Sushi to Camelot

Fantom launches Fantom Sonic testnet. Thjs will bring Fantom Virtual Machine, Carmen database storage, and an optimized Lachesis consensus mechanism to Fantom

Beam integrates LayerZero. Users can bridge from ETH to Beam

Formerly called NFT World, Hytophia $3M fundraise led by Delphi Digital

Game Studio behind Play Shrapnel raise $20M Series A funding by Polychain Capital

Binance invests in Socialfi Cyber Connect

State of the Market

4

Grayscale partnered with FTSE Russell to introduce the "FTSE Grayscale Crypto Sector Index Series," comprising five indices tracking crypto assets across distinct categories: Currencies, Smart Contract Platforms, Financial, Consumer and Culture, and Utilities and Services. This move aims to provide a comprehensive perspective on Grayscale’s Crypto Sectors within the crypto market, encompassing over 150 protocols, with quarterly updates to accommodate market changes.

Daily Crypto News