Daily Alpha and Summary. November 6, 2024

DeFi

Wintermute governance submitted a proposal to enable a fee switch for ENA.

The Avalanche Foundation announced a court-approved buyback of 1.97M AVAX (~$52 million) from Luna Foundation.

Arkham to launch Perp DEX in week, with account registration and KYC now open.

BNB introduces one stop tokenization to easily tokenize assets requiring no code, transform RWA into tradable tokens on BNB and easy compliance with local regulation

Decentralized prover layer— Gevulot, announce ZkBoost Consortium bringing together 39 blockchain companies building the universal API that connects all of ZK.

Ozean, Clearpool’s RWA yield blockchain, has partnered with Helix, an RWA DeFi protocol for tokenizing private credit and fixed-income offerings.

Version of Polygon Agglayer connecting any EVM chain will be live in early December

State of the Market

Data from Arkham shows 728.6M USDT from Tether Treasury flows into crypto after election result

2B$ was printed at Tether Treasury

CNBC analyst says BTC could reach $100k before Trump inauguration

US to build a strategic BTC reserve according to Senator Cynthia Lummis

BlackRock’s Bitcoin ETF had its largest trading day ever, with $4.1 billion in trades.

Trump is the new President 🇺🇸