Daily Alpha and Summary. February 4, 2025
DeFi
Polygon Agglayer v0.2 mainnet is live adding Pessimistic Proofs which enables cross-chain interoperability, regardless of security models; next in line v0.3 bringing multi-stack capability for chains
Ondo release Ondo Nexus to unlock instant liquidity for tokenized Treasuries. Ondo will diversify the backing of OUSG to include tokenized Treasuries from Franklin Templeton, WisdomTree, Wellington Management, and Fundbridge Capital
State of the Market
US, Mexico and Canada agree to postpone their tarrifs for 30 days to focus on border control and war against drugs
Goodnews and market turned bullish 👆🏻, then China came knocking. China knocked US with a 15% tarrif on US coal and LNG while adding a 10% levy on crude oil and agricultural machinery in response to US tariffs on all Chinese imports.
But to look at it, China imports 6% (4M) of its LNG from US compared to US 87M tons in ‘24, US ships ~6% of its coal export to China. And for agriculture equipment, smol too. So its smol when compared to Canada and Mexico
Total liquidation seems to be $8-$10B. Analyst says 👇🏻
Eric Trump bullish on ETH
Trump signs to create a US Sovereign Wealth Fund, directing the U.S. Treasury and Commerce Departments to establish it