Daily Alpha and Summary. August 6, 2024

Defi

Starknet FDN CEO Diego Oliva steps down, James Strudwick assumes Exec Director ROLE

Yesterday, Ronin bridge suffered a white hat MEV exploit where 4k ETH and $2M usdc was withdrawn. Currently, the ETH has been returned and usdc expected later today, white hat hackers will be rewarded with $500k

Succinct launched SP1 1.0, a production-ready zkVM for developers to build decentralized apps with zero-knowledge proofs (ZKPs) using Rust, enabling real-time, cost-effective proof generation.

Bybit launches Pre-Market Perpetuals for trading upcoming tokens

Mysticeti, a consensus protocol based on directed acyclic graphs which cuts consensus latency to 390 milliseconds and establishes Sui as the fastest consensus layer deploys on SUI mainnet

State of the Market

Good news: The bank of Japan won’t do anything against their current crisis as BOJ's Uchida said they will not raise rates if markets are unstable but target maintain current easing and will monitor high volatility. They see no major changes in the Japan/US economies, and may adjust policy if necessary.

Global easing

Morgan Stanley 15k advisors to start pitching BTC ETF to wealthy clients from today

Ark invest buys $18M Coin

CoinDCX starts a $6M Investor Protection Fund following WazirX Hack.

Rumble joins X to sue Global Alliance for Responsible Media (GARM) and the World Federation of Advertisers (WFA) who conspired to block their ad revenue

Russia supplies advanced air defense to Iran

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