Daily Alpha and Summary. February 11, 2025

DeFi

Ethereum security platform Drosera raised $3.25M in financing led by Greenfield Capital bringing total funding to $4.75M

Raydium token RAY emerged as ALT top performer, surging 14.7% in the last 24 hours

Ripple is teaming up with Unicâmbio to streamline cross-border payments between Portugal and Brazil using Ripple Pay. While XRP has seen recent declines, this long-term partnership could enhance its utility and revenue prospects.

State of the Market

Grayscale files for Cardano ETF with NYSE

MicroStrategy acquired 7,633 BTC, holdings now worth $46B

European Payment Giant, Klarna to integrate crypto