Daily Alpha and Summary. June 4, 2024
Defi
Connext rebrands to Everclear, the first clearing layer to solve liquidity fragmentation and power chain abstraction
Nillion incentivized testnet is live.
DWF LABS to purchase $12M in Floki to support Floki eco
Bitfarms earned 156 BTC in May, a 42% drop from April
Deutsche Bank partners with Bitpanda to process fiat txns in Germany 🇩🇪
Solv BTCfi will integrate Ethena to launch a yield vault. Earn Solv Points, sUSDe yields and Ethena SATS
Ipor trading competition is live on gate
Expect Azuro token Azur in June
State of the Market
$517B in unrealized losses hits US Banking System as FDIC warns 63 Banks on Brink of Insolvency
Binance said it’ll soon restrict unregulated stable coins in the European Union