Daily Alpha and Summary. August 5, 2024

Defi

Aave stood strong yesterday amid market crash securing $21B in assets and recorded $6M in revenue from liquidations yesterday

Pendle listed on Upbit

Vitalik optimistic that cross-L2 interoperability problems will soon be a thing of the past

State of the Market

Volatility index $VIX spiked 120% yesterday

Institutions- BlackRock, Fidelity, Grayscale and MicroStrategy didn’t sell any Bitcoin during the market crash

Fourth largest hedgefund in Europe— Capula Management, reports $500M in Bitcoin ETF holdings

USDC Treasury mints 50M $USDC and sends to Coinbase

Bangladesh Prime Minister, Sheikh Hasini, flees country and resigns after anti-government protesters stormed her residence in Dhaka

Japanese carry trade explanation

Current financial market explanation