Daily Alpha and Summary. December 18, 2024

DeFi

Usual token launched yesterday and it did well for stakers and farmers you used my ref. I’m bullish on them

Token live on Hyperliquid

Usual partner with Ethena and Blackrock. Usual stablecoin USD0 will support USDtb (Ethena’s stablecoin backed by 90% Buidl) and Blackrock’s BUIDL as collateral, 1:1 exchange between USDtb, USD0 and sUSDe, delta neutral strategies for mutual products etc

Ethena partner with Trump’s World Liberty to propose adding sUSDe to World Liberty Finance’s upcoming Aave market as collateral

ENS partners with Linea to build their L2, Namechain

Consumer chain, Sophon goes live on mainnet to become first validium on Avail. Sophon currently has $500M TVL through their rewards program

Kraken L2 INK goes live on mainnet built on Op superchain

Swellchain goes live on mainnet

Arkham partners with SUI to add SUI chain data to their platform

RWAFI L1, Plume raise $20M series A round led by Brevan Howard Digital, Haun Ventures etc

Socialfi Lens raise $31M led by Faction VC

State of the Market

Powell’s Fed rate cut by 0.25% and saying we’ll have 2 rate cuts in 2025 plummeted the market across Stock to Crypto.