GM Digest #460 — BTC $2k from ATH
Good Morning with Valuable Alpha / News
BTC Reached $70k for the first time in forever
• BTC has had a breakout year with tailwinds such as Bitcoin ETF & the Fed rate cuts
• The bullish sentiment from Trump having the edge over Kamala (66% now on Trump) also drives up the general Crypto sentiment
Truth Terminal Andy’s X Account Hacked
• @Andyayrey account got hacked with the hacker promoting a token
• The hacker posted a contract address for a token with the ticker IB, with the deployer account acquiring 12.5% of the token supply.
• The hacker profited $600,000 from the pump and sold-off his position, bringing the MC down -98%. The community has since then take over and the price has recovered
Astria Mainnet
• @AstriaOrg has launched its mainnet alpha, offering the first decentralized shared sequencing layer
• Unlike centralized sequencers, Astria provides a permissionless, decentralized network of sequencers that enables censorship resistance and fast block confirmations, supporting various rollups without executing transactions
• Astria integrates with Celestia, using Celestia’s token (TIA) for gas, and is designed to allow developers flexibility in choosing execution environments, such as EVM
• The platform includes tools like the Astria Stack, an Execution API, and astria-geth, which adapts go-ethereum for Astria
• Additionally, Flame, a platform for Celestia Native DeFi by Astira, is set to launch soon
Lombard x Chainlink
• @Lombard_Finance and @chainlink have partnered to support the growth of a secure, scalable Bitcoin economy within DeFi by utilizing Chainlink’s infrastructure, including Cross-Chain Interoperability Protocol (CCIP), Proof of Reserve, and Price Feeds
• This collaboration enables LBTC, Lombard’s Bitcoin liquid staking asset, to have secure cross-chain transfers, transparent collateralization, and accurate price data, enhancing its integration with DeFi protocols across multiple chains
Gelato $11M Raise
• @gelatonetwork raised $11 million in Series A+ funding, led by @hack_vc
• This funding brings Gelato’s total to $23 million and will support expansion of its smart-contract automation platform, enabling more blockchain-based applications for startups and enterprises
• Kraken’s Ink, launching in early 2025, plans to use Gelato’s rollup platform for intermediary-free trading and lending
• This is Gelato’s second $11 million round, with previous funds aimed at onboarding more blockchains and growing its team
Introducing Alchemy Chain
• @AlchemyPay introduced Alchemy Chain, a L1 chain built on Solana’s SVM architecture
• Alchemy Chain will introduce a highly scalable infrastructure to process transactions rapidly and efficiently which will accommodate large scale business applications. It uses Trusted Proof of Authority (TPOA) which ensures the integrity and transaction speed of validating nodes. Alchemy Chain will also integrate L2 solutions that enable account mapping and data synchronization
• Users can choose to pay transaction fees in $ACH or fiat with conversion of profits and other on-chain earnings into fiat currency. Alchemy Chain will also implement a stablecoin revenue mechanism
Misc News
• @peaq to launch on Nov 12
• USDT live on @Aptos Mainnet