Daily Alpha and Summary. November 7, 2024
DeFi
Router Protocol has added Bitcoin to its Router Nitro bridge, enabling users to swap any Ethereum-based asset to BTC on the Bitcoin network, and BTC on the Bitcoin network to WBTC on Ethereum using xDefi wallet
Omni and Symbiotic have announced a strategic collaboration to integrate Symbiotic’s restaking infrastructure with Omni’s cross-chain. This partnership will enable the first direct deposits from major Ethereum rollups into an L1 protocol.
SVM (Solana Virtual Machine) L2 on Ethereum— Eclipse debuts mainnet
IllumineX, a cross chain non-custodial privacy solution backed by Oasis Network introduced a privacy-focused, compliant crypto wallet that supports both EVM, non-EVM chains, and native Bitcoin.
Hyper bridge, blockchain interoperability leveraging zkp has launched its mainnet on Polkadot, and supports Ethereum, Optimism and BNB Chain
Staking rewards to come to Algorand in early December
Magic labs announce its building Newton, a ZK L2 with Polygon CDK, to enable seamless state and liquidity across EVM chains on Polygon AggLayer.
Spark launches the first on-chain order book on Ethereum, powered by Fuel VM
Pond, decentralized AI layer trained on onchain data raised $7.5M in seed round led by from Archetype
Cytonic L1 with MultiVM design has closed its $8.3 million seed round, co-led by Lemniscap and Lattice.
Puffer Unifi testnet is live. It’s an ETH-based rollup offering low-cost, sub-second transactions and near-instant asset withdrawals from L2 to L1 within a minute.
Rumors of BlackRock Buidl launching on Avalanche. The Avax-Blackrock Buidl contract has been activated with $1M deposited
Story protocol final testnet Odyssey is live
Zk Rollup Taiko joins Solv’s Staking Abstraction layer. TLDR: You can now use Solv Defi on Taiko L2 via free.tech (@ Protocol_free on X)
State of Market
Wintermute bought 266M $Maneki (~$2.4M)
Powell said he won’t leave if Trump asks for his resignation. The fed cut its interest rate by 25bps to a range of 4.50%-4.75%
