Daily Alpha and Summary. November 13, 2024

DeFi

ETH researcher Vlad Zamfir unveils STXN backed by ConsenSys which introduces Smart transactions aka Time Machine allowing users to reverse certain smart contract transactions, challenging the concept of blockchain immutability

Phantom advises iOS users to backup recovery phrases due to app resets

Jito faced downtime, causing fee spikes.

Modular AI chain, OG Labs raised $290M in a funding ($40M seed round and a $250M token purchase commitment) from Hack VC etc

Coinbase buys Utopia Labs, a stablecoin payment processor.

Blackrock Buidl is now Multichain live on Aptos, Arbitrum, Avalanche, Optimism, Polygon, Ethereum

Bitwise acquires Attestant, non-custodial institutional-grade Ethereum staking provider with $4B in staked assets.

Pepe memecoin breaks $10B MC following Robinhood listing and Coinbase listing.

Binance lists SUI meme HIPPO on futures

Linea to launch token in Q1 2025.

State of the Market

FBI seized Polymarket CEO’s phone after his protocol predicted Trump’s win