Daily Alpha and Summary. August 20, 2024

Defi

Corn raise $6.7M seed round led by Polychain, backed by Binance etc, they use hybrid tokenized Bitcoin (BTCN) as gas to Super Yield network participants

Sonic labs introduce Sonic Boom to incentivize projects to develop dApps and attract users to the chain.

Status partners with Linea to launch their l2– Status Network. Linea and Status will operate in parallel, they’ll join Linea as the first contributor to its open-source code

OpenZeppelin and Axelar announce collaboration to to create open-source developer resources for cross-chain communication.

Galxe launch Gravity Alpha mainnet, an L1 omnichain smart-contract platform designed to solve Web3 fragmentation

Intuition, focused on tracking trust and reputation online, has announced the beta launch of its universal information protocol which offers tools for recording, tracking, and analyzing insights

Clearpool unveiled Ozean, the first RWA yield chain built on and supported by Optimism

State of the Market

Brazilian Securities and Exchange Commission approved second Solana ETF, it’ll be offered by Hashdex Brazil, asset manager with $962M AUM.