Daily Alpha and Summary. July 11, 2024
Defi
Usual public mainnet is live
They launch their Pill campaign and with 4months duration
Use my ref code to earn pills app.usual.money/#OO8BV
They aim to reduce Tether’s dominance and share yield to stablecoin holders
Up up up
Ondo partners with Pyth to unlock USDY with borrowing/lending capabilities for on-chain users across 65+ blockchains like Aptos, Solana and Mantle.
Lido has integrated SSV’s Simple Distributed Validator Technology (DVT) Software Module and is ready for deposits
CQT switches to CXT. Covalent building a DA solution with next gen AI use-cases. Rumors of Partner Airdrops to stakers. 22% staked supply
Starknet to open staking by the end of 2024
Hex Trust Group will offer digital asset custodian services for assets on the Monad blockchain
Theoriq, a framework for collaborative autonomous AI agents, is partnering with Filecoin Foundation to develop a series of AI agents on their Theoriq platform.
VC Hypersphere unveiled new fund with $130M AUM that’ll employ Wall Street-style strategies to generate returns from crypto assets
Skale launched the Pacifica V3 upgrade, accelerates block mining speed by 108% and increases transaction throughput by 122%
Animoca brands has launched a validator on Core Chain
Lava airdrop
Sol gaming L2, Sonic has partnered with Neon Stack to bring EVM compatibility to the Sonic Virtual Machine
(BOB) Build on Bitcoin raises $1.6M strategic funding round led by Ledger Ventures
Multichain Search engine, Dora raises $5.5M co-led by Dragonfly Capital and Lemniscap
Pyth launched a new product, Express Relay, on mainnet. It’ll address MEV issues in processing liquidations and market-enhancing txns in DeFi. It’ll connect Dapps with a network of searchers through protocol-controlled auctions for events like liquidations. Searchers include Flow Traders, Wintermute, Auros, Flowdesk, Caladan, Tokka Labs, and Swaap Finance.
Coinbase launches Web app to track personal onchain wallets
State of the Market
Stay safe
Pendle was affected too but now good
Swiss bank Sygnum Bank announce launch of Sygnum Connect, a 24/7 multi-asset instant settlement network settling fiat-digital asset txns for institutions, lps, etc
Morgan Creek Digital plans to raise $500M for a new fund targeting early stage opportunities in AI, blockchain technologies, chips and data
Germany will soon run out of BTC and sell pressure will reduce
