Daily Alpha and Summary. July 31, 2024

Defi

Polyhedra and Google Cloud are launching Proof Cloud in open beta. Devs can now run ZK-as-a-service rather than maintaining discrete ZK hardware

Aethir has announced $30M in bonus emissions for the AI staking pool. Users must stake by 1 Aug, 12:00 AM UTC to qualify for rewards

Ton releases its own web browser and mini App Store. The browser supports decentralized websites, called TON sites. Telegram users to launch their own website and make it available on The Open Network.

Ethernity chain testnet is now live

Proposed EIP-7748 is now merged. EIP-7748 describes state conversion procedure to migrate key-values from the Merkle Patricia Tree to the Verkle Tree.

Makenowmeme launch a meme by tweeting

Nansen CEO, Alex Svanevik launches IQ with makenowmeme

Worldcoin launches World ID orb verification in Austria

Onchain competition platform JokeRace raises $3M from Maven11 Capital

GMX proposal to buyback and distribute GMX goes live

Gitcoin announces Gitcoin Grants 21 from Aug 7-21

Universal launches mainnet on Base. They bring new assets to Base chain like Sol, Doge etc with CEX like performance

Syndicate introduces Metabased, a new path to Rollup decentralization

Elixir launches deUSD, decentralized USDP

Lido V3 market on Aave surpasses $200M

State of the Market

Tether generated $5.2B in profit in first half of this year

Tether now holds more US debt than most countries like Germany

Daily Farming

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Trump’s bullish on stablecoins

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