Daily Alpha and Summary. 30-31, May, 2024

Defi

Polyhedra to change ticker to zkj amind zksync zk ticker clash

L0 is live on Solana

Galxe to launch new L1 Gravity built on Arbitrum Nitro, aimed at streamlining cross-chain interactions. Alpha mainnet to go live on June ‘24 and public mainnet Q2 ‘25

Pudgy Penguin to release mobile game in 2025 on Mythos Chain

Proposal to cap EOS supply at 2.1 billion approved

Gemini Earn users have received $2.18B of their digital assets back in-kind

Aptos integrates Chainlink Data Feeds and CCIP, and joins the Chainlink SCALE program.

BTC staking protocol Babylon raises $70M led by Paradigm

Bubblemaps is live on pumpdotfun

Master Card crypto credentials is live with its first p2p txn

Celebrities launching memes and dumping on community. Davido, iggy, etc

BTC DA layer, Nubit announce Nubit Alpha Testnet & Incentivized Campaign

Camelot will receive 1.545M ARB tokens to distribute as liquidity incentives, first distribution to go live mid-June & will last for 3 months.

State of the Market

Elon musk denies report of him discussing crypto with Trump

In Vitalik’s latest X post “Layer 2s as cultural extensions of Ethereum” , he discusses how the main differences between L1s and L2s aren't about tech, but about organization and culture. He suggests that Ethereum, for example, fuels cypherpunk culture (privacy and open-source), attracting industries with the same values.

Do Kwon to settle fraud case with SEC