GM Digest #422 — W
GM Digest #422 — W
Good Morning with Valuable Alpha / News
Entire Market Trades Higher
• BTC, ETH, and majority of the alts trade higher as the Fed cuts interest rates by 50 bps to the 4.75% - 5.00% range
• "The Committee has gained greater confidence that inflation is moving sustainably toward 2 percent, and judges that the risks to achieving its employment and inflation goals are roughly in balance."
• According to the Block, analysts advise investors to concentrate on long-term opportunities. They recommend focusing on long-dated investment strategies with unlimited upside potential to benefit from possible substantial increases in bitcoin prices
Solana’s Seeker
• Solana Mobile’s latest crypto smartphone has emerged from its stealth phase as “Seeker,” with more than 140,000 presales for the device now reached.
• Solana features come with “Seed Vault Wallet”, wallet natively integrated with the device’s built-in self-custodial seed vault, created in collaboration with Solflare
• The device also comes with Solana dApp Store that improve the discoverability of apps for payments, DeFi, DePIN, NFTs AI and gaming, enhanced hardware specifications and the Seeker Genesis Token
Vana Raise
• @withvana has raised $25M to build user-owned AI and tackle the data shortage problem faced by AI researchers
• The funding includes a $5M strategic round with Coinbase Ventures, an $18M Series A with Paradigm, and a $2M seed round with Polychain
• Vana allows users to pool their data through data DAOs, earning ownership in AI models created with their contributions
• The platform is built on an EVM-compatible layer 1 blockchain designed for private, user-owned data
Introducing 9Lives
• 9Lives is a highly capital-efficient prediction market built by the @Superpositionso team, combining the liquidity benefits of automated market makers (AMMs) with the structure of parimutuel markets, eliminating the need for market makers
• Unlike traditional continuous double auctions (CDA), 9Lives offers infinite liquidity and allows participants to trade shares before outcomes are settled
• It is built on Arbitrum's Stylus, using Rust-based smart contracts that are faster, and 10x cheaper than Solidity
lzCatalyst
• The @LayerZero_Core Foundation has launched lzCatalyst, a program connecting top developers with leading venture capital firms to fund omnichain applications built on LayerZero
• Partners, including a16z Crypto, Animoca Brands, and PayPal Ventures, can invest up to $300M in selected projects
• Developers gain access to capital and resources, and projects with backing from multiple partners can receive additional strategic investment from the LayerZero Foundation
Everclear Beta Live
• @EverclearOrg has launched its mainnet beta, introducing the first decentralized Clearing Layer designed to streamline cross-chain liquidity settlement
• Built on Arbitrum Orbit and secured by Hyperlane and Eigenlayer, Everclear optimizes liquidity management for solvers, market makers, and exchanges, reducing costs and complexity
• It enables Chain Abstraction, simplifying user interactions across chains by focusing on intents rather than specific blockchains
• The platform introduces a Dutch auction system for clearing invoices and a vote-bonded token model (vbNEXT) to direct liquidity efficiently
Misc News
• Ethena frontend compromised
• Eigen Season 2 claims for @KelpDAO users is live
• $EIGEN claims for $ezETH restakers will be live by Friday September 20th