Daily Alpha and Summary. August 1, 2024

Defi

Kujira leveraged their operational funds to pump their token and got liquidated dumping price by 40%

Injective launched Injective Altaris on mainnet

Ripple announced an allocation of $10M in tokenized US Treasury bills on the XRP Ledger

Convergence got hacked for $250k

OKX and Aptos have announced a $10M fund to drive the growth of the Aptos eco

Jupiter propose burning 30% of JUP supply from the Team allocation

Starknet discord got compromised and there’s onchain allegations of team selling token to CEX

Binance invests in particle. Chain abstraction L1

Defi protocol, Morpho labs secured $50M in investment led by Ribbit Capital

Speculate on Olympics with Cutlured RWA on Plume

Trustless points trading protocol offering price discovery to tokens— Pichi finance raises $2.5M led by Signum Capital

EURC goes live on Base

State of the Market

MicroStrategy looking to raise $2B to buy more Bitcoin