Daily Alpha and Summary. 13, June, 2024

Defi

Arbitrum $250M Arb 3 year Gaming Catalyst Program proposal has been approved

Iggy Azalea opens bell with Jim Cranmer

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Curve founder Michael Egorov borrowed $95.7M in stables, mostly crvUSD, using $141M worth of CRV as collateral across five protocols. His positions are being liquidated. He now has 111.87M CRV ($33.87M) in collateral and $20.6M in debt across four platforms.

Polygon announce zkPoS proposal to connect Polygon PoS to their AggLayer using Succinct lab’s SP1 a Rust-based proof of consensus and Polygon's Plonky3 proof system.

Ripple announce XRPL EVM Sidechain for DeFi and RWA. They’ll launch with Axelar as their official bridge to ensure seamless asset transfers between XRPL and EVM Axelar Bridge

Ripple introduces their stablecoin RLUSD. Coming later this year.

Space and Time (SxT) released Proof of SQL v1, the first ZK prover running sub-second for processing data. This open-source tool ensures accurate SQL queries against untampered data, enabling developers to perform trustless computations on both on-chain and off-chain datasets more quickly and efficiently

Moonbeam announce $13M development fund focusing on gaming and RWA, it includes a new $10 million Innovation Fund, $1.5 million in Moonbeam ecosystem grants and $1.5 million in Moonriver grants.

Layer3 announce $21M in total funding following recent $15M series A round led by paraficapital and Greenfield1One

Telegram tap to earn crypto game raise $5.5M from Delphi, Merit Circle etc

State of the Market

Joe Biden campaign team is in talks to accept crypto donations through Coinbase