ALPHA V24

Oct 24, 2023

Defi

Earlier P2P Lido contributors proposed to Lido DAO to continue or discontinue Solana support and DAO chose latter. Now the discontinue process will occur from Nov to Feb 2024, which dao will spend $20k per month for these months for execution

Fantom foundation wallet and employee looses $550,000 and $3.4M respectively to allegedly Chrome zero day (a board term used for hacks on chrome, meaning the affected recently learn bout the hack and has 0 days to fix it). Hackers wallet now has $7M in it.

Scroll mainnet went live

Uniswap labs increase swap fee to 0.15%. Anyways u can use other alternatives for cheaper fees, but the issue here is UNI token holders. No value proposition for them. And fees going to Uniswap labs equity holders.

Uniswap founder, Hayden Adams burned 99.99% of the HayCoin supply, a test coin he launched in 2018, due to discomfort owning most of it

Manta Network ditches Op Stack for Polygon CDK to switch to a zkEVM L2 thanks to Polygon CDK tech

GRVT, zksync’s first hybrid DEX. Will operate as a hyper chain which will connect to every dapp on zksync eco to power 600k trades per sec

First time in some time, ETH network there’s 0 staking entry and no validator removing its stake.

Celestia launches Blobstream a DA solution to allow devs integrate its tech which will provide dedicated blobspace priced independently of ETH gas costs to maximize data throughput.

Stararena trading went live

Another Socialfi but on Bitcoin. New Bitcoin City, recently hitting 50 BTC tvl as off Tuesday

Reddit discontinues community points due to scaling and regularity issues. Community Crypto Token on Reddit Moon looses 90% in minutes and other tokens lost alot too: Brick etc.

Rabby wallet introduces Rabby desktop, a dedicated client for its security. Desktop version for hardware wallets.

Funds accumulating $LDO

Machi keeps buying Ape

USDM stablecoin strategic partnership with Wintermute

Socialfi Dapp on Linea gearing up

Ambient live on Canto

CCTP live on Sol devnet. Once on mainnet, users can easily move with easy and fast transfer of USDC from EVM to Sol

Aptos outage for more than 4 hours but resolved now

Polygon Protocol Council is live, these are 13 people who’ll help with emergency changes on Polygon multisig

All you need to know on sFRAX

$veYFI tokenomics revamp bringing revenue to Yearn token $YFI

Built by yearn finance, a new protocol to help you get yield w/o stress on portfolio management

Unibot introduces new sniper features to Token Sniper and Auto Sniper

Circle introduces gas station and smart contracts platform built for devs not live yet, in beta

zkLend live on Mainnet: Money market built on Starknet

Sol bullish thesis

New protocol, an Aggregator of all crypto mixers— MLProtocol

All Fundraises this week

Airdrop

Celestia $TIA token to be airdropped soon. Initial airdop qualifiers has their token allocation tripled due to low airdrop claiming

State of the Market

Cointelegraph released an unconfirmed news about Bitcoin ETF going live, which caused BTC to pump to 30k and when they released news is fake, they deleted it, causing a large amount of liquidations across exchanges.

SEC staff engaging with spot issuers understands “BTC and it’s merits” it’s just Gary standing in way

Stablecoins Holding more US treasuries than most countries and still climbing the ladder to overtake more. Now, with the rate and pace and growth. US might have to embrace stablecoins

Biden asked Congress for $100B funding. Breakdown of Biden $100BN request

Binance US continues its regulatory problems and suspends USD withdrawals. In this event, if users want to withdraw they’ll do so by converting to stable coins or other assets.