9 February 2024
Macro/TradFi
MicroStrategy purchased an additional 850 bitcoin for US$37.2M in January. The company now holds 190,000 BTC.
Ark Invest and 21Shares have amended their spot ETH ETF filing to feature a cash creation and redemption mechanism.
Crypto
L1/L2:
The Dencun upgrade is targeted for deployment on Ethereum mainnet on 13 March. This follows a successful deployment on the Holesky testnet this week.
Preorders for Solana's next-generation crypto phone have reached 60,000, ahead of its tentative 2025 launch.
After an unexpected outage lasting approximately five hours on Tuesday, the Solana blockchain network has successfully resumed network operations.
Plume Network, a modular Layer 2 solution dedicated to real-world assets (RWA) projects has announced its integration to Arbitrum Orbit.
Frax Finance has launched its Ethereum Layer 2 network called Fraxtal for specific partner apps.
DeFi:
dYdX has unveiled its 2024 product roadmap with a focus on three primary areas - Permissionless Markets, Core Trading Improvements, and UX/Onboarding Upgrades.
The founder of DeFiLama has launched smolrefuel, a protocol that allows swaps without ETH as initial gas fees.
Restaking primitive EigenLayer has temporarily lifted its staking cap this week. TVL of liquid staking tokens on EigenLayer has exceeded US$3.5B at the time of writing.
DeFi credit marketplace Clearpool has announced its launch on Mantle Network.
Stablecoin:
Paxos announced their adoption of Chainlink’s price feed for PayPal USD (“PYUSD”) to accelerate the adoption of the stablecoin.
Social:
Daily active users on decentralized social protocol Farcaster have surged more than tenfold to record highs of around 40K users since the introduction of Frames on January 26
NFT:
A new experimental token standard, ERC404, has piqued the interest of traders. ERC404 aims to combine the characteristics of fungible tokens and NFTs.
Other:
Pyth Network has announced the second phase of its retrospective token airdrop. Over 160 dApps using Pyth Data are eligible to receive PYTH Tokens.
Cross-chain interoperability protocol Wormhole has announced the airdrop of its native W token. It will have a maximum supply of 10 billion with an initial circulating supply of 1.8 billion
Ethereum Name Service has partnered with domain registrar GoDaddy to link traditional domain names to blockchain-based ENS names.
MetaMask and Robinhood have partnered to enable in-wallet crypto purchases. Using MetaMask’s Buy Crypto feature, customers can purchase crypto through Robinhood’s order engine.
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