The Insider #125

Daily Headlines & Deep Dives

Ascend
March 22, 2024

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Polygon Labs paid $4M to host Starbucks’ failed Odyssey program. Then they marketed it like they were chosen over Solana and other chains simply because they were superior. Superior with bribery of course. (source)
Blast L2 game called Super Samurai Sushi gets exploited due to a contract bug that allowed users to double their own balances. A malicious actor drained the LP of $4.6M worth WETH. The game was supposed to launch today according to project’s website. Without funds in $SSS token LP, the launch might get delayed. (source)

Polygon Labs Paid $4M To Host Starbucks’ Odyssey

Blackrock, the largest asset manager in the world, launches their first tokenized fund on a public blockchain. The fund is called $BUIDL (Blackrock USD Institutional Digital Liquidity Fund). $100M of USDC has already been issued to support the fund. The fund is built on Ethereum and it is pegged to $1 per token. The fund will pay daily accrued dividends directly to investors. (source)
Solana monthly DEX volume approaches $50B. With the rise of Solana shitcoin & presales meta this is not a shock. Interested to see what happens to Solana volume after shitcoin meta dies. (source)

Blackrock Launches $BUIDL Fund

US Debt Surpasses $34.5 Trillion

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These insights are inspired by Carlitos' daily news.

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