Daily Alpha and Summary. October 31, 2024

DeFi

BOB joins the OP superchain

Franklin Templeton expands its $420M OnChain U.S. Government Money Market Fund (FOBXX) to Base

WalletConnect launches $WCT rewards for node operators, wallets, and SDKs to encourage enhanced network security and performance.

Agora Launches $aUSD stablecoin on Injective, Backed by VanEck and custodied by State Street

Zircuit announce $ZRC fairdrop for $EIGEN holders and stakers as of October 8th will receive $ZRC

Mantra and Libre announce they’ve opened on-chain access to BlackRock money market funds, allowing MANTRA users to invest in various top on-chain funds: private credit funds, BlackRock ICS Money Market Fund.

State of the Market

CZ makes appearance at Binance Blockchain week and talks about his prison experience etc

Immutable receives Wells notice from SEC

Tether reports $2.5B profit in Q3

US stocks take a hit over growing AI costs and anticipate more rate cuts