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  • Crypto Alpha, 1 August 2024

Crypto Alpha, 1 August 2024

Daily Alpha on All Things Crypto, Web3 and Blockchain

TL;DR

  • Gaming blockchain Ronin hits 2 million daily active users.

  • The "Buyback GMX and Distribute GMX" governance proposal is now live.

  • UAE residents can now trade crypto directly using their bank accounts.

  • Marinade Finance will launch the Stake Auction Marketplace (SAM) Mainnet on August 14.

  • Ripple and Fenasbac form a strategic partnership to boost Brazil's blockchain ecosystem.

  • TON users now have access to RWA markets through a new integration.

  • England's Law Commission suggests creating a new property category for crypto assets.

  • Lido has updated its Scorecard for assessing decentralization, trustlessness, and minimal governance.

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Alpha of the Day

Roninā€™s Gaming Boom: 2 Million Daily Active Users

Roninā€™s blockchain just hit the big leagues, boasting 2 million daily active users. Imagine a crowd that could fill twenty Super Bowl stadiums, all geeking out on their favorite games. The platform, known for its speedy transactions and low fees, is now a bustling metropolis of gamers. Ronin's popularity spike can be attributed to its seamless integration with top-tier games and its ability to keep things fun and engaging. If youā€™re not on Ronin yet, you might be missing out on the most happening virtual party of the decade.

GMX Buyback Proposal: The Latest Craze

The "Buyback GMX and Distribute GMX" governance proposal is now live, and it's like Black Friday for crypto enthusiasts. The proposal promises to make GMX holders giddy with joy as it aims to buy back and redistribute tokens, potentially boosting their value. Think of it as the ultimate loyalty program, where every GMX token is a golden ticket. If youā€™ve got some GMX stashed away, nowā€™s the time to keep an eye on the charts and maybe treat yourself to some popcorn for the show.

UAEā€™s Crypto Revolution: Bank Account Trading

In a move that screams "Welcome to the future," UAE residents can now trade crypto directly using their bank accounts. No more sketchy third-party exchanges or convoluted transfersā€”just simple, straightforward crypto trading. Itā€™s like the UAE just handed everyone the keys to a brand-new Lamborghini, but for digital assets. With this integration, residents can seamlessly dip their toes into the crypto pool, or dive in headfirst if they're feeling adventurous. Crypto trading has never been this smooth or accessible in the desert kingdom.

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Marinade Financeā€™s SAM Mainnet: Get Ready for August 14

Marinade Finance is gearing up to launch its Stake Auction Marketplace (SAM) Mainnet on August 14, and it's going to be spicy. SAM promises to bring a new level of excitement to the staking game, making it as thrilling as an auction at Sothebyā€™s. If youā€™re into staking, mark your calendars because this launch could be the next big thing. With SAM, Marinade Finance aims to offer users a robust and dynamic platform to maximize their staking potential. Don't miss out on the staking fiesta.

Ripple and Fenasbac: Boosting Brazilā€™s Blockchain Scene

Ripple and Fenasbac are teaming up to give Brazilā€™s blockchain ecosystem a serious upgrade. Picture Batman and Robin, but in the crypto world. This dynamic duo is set to bring more efficiency, security, and innovation to the Brazilian market. Their strategic partnership aims to enhance financial inclusion and streamline processes across the board. If you're in Brazil and into blockchain, this partnership is the light at the end of the tunnel. Itā€™s time to get excited about whatā€™s next for Brazilā€™s digital future.

TON Users Dive into RWA Markets

Thanks to a new integration, TON users now have access to RWA (Real World Assets) markets, making crypto dreams a tangible reality. It's like finding out your favorite video game has a secret level filled with treasure. This integration opens up a world of possibilities, allowing TON users to diversify their portfolios and explore new investment opportunities. If youā€™re a TON user, itā€™s time to suit up and embark on this new adventure in the RWA markets.

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Englandā€™s Law Commissionā€™s Crypto Proposition

England's Law Commission is making waves with a proposal to create a new property category for crypto assets. Think of it as adding a new room to the mansion of legal definitions, specifically for your Bitcoin and Ethereum. This move could bring much-needed clarity and security to crypto ownership in the UK. Itā€™s like upgrading from a flimsy tent to a solid brick houseā€”your crypto assets are about to get the legal protection they deserve.

Lidoā€™s Scorecard Update: Decentralization Check-Up

Lido has just updated its Scorecard, a tool for evaluating decentralization, trustlessness, and minimal governance. Itā€™s like getting your crypto driver's license renewed, ensuring everythingā€™s in tip-top shape. This update is crucial for users who want to stay informed about the platform's integrity and operational standards. With Lidoā€™s Scorecard, you can sleep easy knowing that the decentralization gods are appeased and your investments are in safe hands.

Telegramā€™s Web3 Wonderland: In-App Browser and Mini-App Store

Telegram just rolled out an in-app browser and mini-app store supporting decentralized Web3 pages, and itā€™s a game-changer. Imagine browsing the decentralized web without ever leaving your favorite chat appā€”pure convenience. This new feature makes accessing Web3 content as easy as sending a meme. If youā€™re into decentralized tech, Telegram just became your new best friend. Get ready to explore the Web3 world with the same ease you stalk your friendā€™s vacation photos.

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