GM Digest #454 — Age of AI is Here
Good Morning with Valuable Alpha / News
Stripe $1.1B Acquisition of Bridge
• @stripe has acquired bridge.xyz, a stablecoin software tools that help companies accept payments in stablecoins
• The deal marks Stripe's largest acquisition and is paramount to the industry. Earlier in June, Stripe signed a deal with Coinbase to integrate Base into its crypto payout products and enable users to use Stripe's fiat-to-crypto onramp to buy digital assets with credit cards or Apple Pay inside the non-custodial Coinbase Wallet
Scroll Airdrop Details
• @Scroll_ZKP's first airdrop sets aside a total of 7% of $SCR tokens will be distributed, with 5.5% going to participants involved in on-chain activities
• Eligible users are determined by a snapshot taken on Oct 19
• Various groups, including ecosystem projects, technical contributors, ZK researchers, and public goods organizations, will receive rewards
• The claim period starts on Oct 22, and will remain open for 90 days. The claim link is live, but it will be password protected until the distribution goes live
Introducing Pangea
• @In_Pangea, formerly known as Superchain Network, aims to unite fragmented and siloed data in the crypto industry, much like the ancient supercontinent it is named after
• By creating an immersive Web3 environment, Pangea seeks to make useable, verifiable, and transparent data accessible, addressing issues that developers face today
• It aims to connect the fragmented world of blockchain, bringing all necessary tools and data into one accessible platform
Pragma v2
• @PragmaOracle has launched v2 of its protocol, focusing on transforming the oracle space by creating a permissionless, open infrastructure
• This release addresses inefficiencies in the current data market, such as high costs and limited data access controlled by a few major providers
• Pragma v2 allows developers to build custom data feeds with optimized logic and deploy them across multiple blockchains without barriers, using the Hyperlane network
• It aims to democratize access to high-quality data, improve market efficiency, and support real-world applications, particularly in DeFi. The mainnet launch is set for the end of the year
Vertex x Edge
• @vertex_protocol & @EdgeLayer’s Vertex Edge introduces a multi-chain approach to solve liquidity fragmentation, particularly in perpetuals trading
• It pools liquidity from multiple L1 and L2 networks, allowing for seamless cross-chain trading without the need for inefficient bridges or isolated systems
• Vertex Edge emphasizes orderbook-based perpetual markets, aiming to create a scalable and efficient trading experience across chains
Grayscale Expanded Offerings
• Grayscale has expanded its offerings, now allowing investment in 20 token funds, signaling a broader acceptance and diversification in crypto investment products.
• Additionally, there's buzz around BlackRock exploring the use of a new token, BUIDL Token, as collateral for futures, which could signify major institutions' increasing engagement with crypto assets.
ApeCoin Surge
• ApeCoin experienced a significant price increase, with reports indicating a rise of over 100% following the launch of ApeChain
• ApeChain, described as a L3 built on top of Arbitrum One, has gone live. This development aims to enhance the functionality for NFT minting, trading, and decentralized applications within the ApeCoin community
• ApeCoin introduced an "Automatic Yield Mode" for users holding / staking APE on ApeChain
Grass Airdrop One
• @grassfdn announced Airdrop One where they will be distributing their $GRASS token to users
• $GRASS will enable holders to:
⇢ Participate in Network Governance which includes proposing and voting on network improvements, aligning on which organizations to work with and determining incentive mechanisms for all stakeholders
⇢ Allow holders to stake and earn rewards
⇢ Use $GRASS to pay for transactions on the network, enabling decentralized scraping of public web data
• During the Season 1 Airdrop (totals to 10% of the total), 9% will go to users who earned Grass Points during Stage 1 and 0.5% will go to GigaBuds NFT holders and 0.5% goes to users who installed the desktop nodes
Contango Sale Live
• @Contango_xyz announced that their fixed price sale for $TANGO is now live on @FjordFoundry
• The sale is fixed at a $45m valuation and lasts for 7 days and is sold at a first come first serve basis
• Users can purchase in USDC and there is no cliff on the public sale tokens. Users will be able to redeem their tokens one week after the sale ends
Misc News
• @Ledger announces integration with @THORChain
• @LayerZero_Core's Omnichain Fungible Token (OFT) Standard is now native to @arbitrum Orbit Chains
• $LUNA is now sentient after its v2 upgrade. The price surged 450% afterwards
• @Zyfi_org announced that their token whitelist is now live