Daily Alpha and Summary. November 14, 2024

DeFi

Usual token to launch on Binance launchpool and list at Nov 19

Ethena sUSDe to be used as collateral on AAVE. Users can now borrow against sUSDE

Folks Finance secures $3.2M at $75M valuation for DeFi growth led by Boredless Capital

Coinbase climbs to top 10 in Apple App Store, leads in finance apps due to crypto rally.

RAAS, Caldera acquires Hook— NFT and memecoin prep dex on Arbitrum

Tether introduces platform for tokenizing various assets

Portal Ventures raises $75M to back pre-seed crypto ventures.

DeFi Technologies to mimic MicroStrategy's bitcoin strategy with CoreFi.

Franklin Templeton expands tokenized money market fund to Ethereum.

State of the Market

Bitcoin miners sell off some reserves, with potential for more growth.

Bitfinex hacker Ilya Lichtenstein sentenced to 5 years for laundering.

Bhutan moves $33M in bitcoin to Binance.

Pennsylvania introduces bill to create strategic BTC reserve for the state

Trump appoints ex-SEC Chair Jay Clayton as US Attorney for NY's Southern District.

Trump administration announces Department of Government Efficiency (Doge) led by Elon Musk and Vivek Ramaswamy to restore America similar to the Manhattan project

Powell says no need for rate cut