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  • Crypto Alpha - 1 December 2024

Crypto Alpha - 1 December 2024

Daily Alpha on All Things Crypto, Web3 and Blockchain

TL;DR

  • A Thanksgiving Like No Other: Bomb Threats Signed “MAGA”

  • Pump.fun Pumps Up Profits, Hits $368 Million in Fees

  • XRP Beats Intel: The Little Crypto That Could

  • DEXX Attackers Play the Swap Game for ETH and BNB

  • Long-Lost Bitcoin Wallet Springs Back to Life

  • STRK Staking Hits 70 Million Milestone

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Alpha of the Day

A Thanksgiving Like No Other: Bomb Threats Signed “MAGA”

What’s more American than turkey, stuffing, and a side of political drama? This Thanksgiving, several Democratic lawmakers received bomb threats with “MAGA” signatures, turning the holiday into a chaotic blend of paranoia and partisanship. While most of us were struggling with food comas, authorities were scrambling to address the threats. The timing—on a national holiday—was as symbolic as it was unsettling. The incidents highlight the increasing polarization in U.S. politics, where even a day meant for gratitude becomes a stage for tension. In the spirit of Thanksgiving, perhaps we can all agree that politics should take a holiday too.

Pump.fun Pumps Up Profits, Hits $368 Million in Fees

Pump.fun is living up to its name, generating a jaw-dropping $368 million in total fees since its launch. With over 4 million tokens deployed, it’s clear this protocol isn’t just coasting—it’s flying. The platform has become a revenue juggernaut, drawing in users like moths to a flame. But beyond the flashy numbers, it’s a reminder that the DeFi space is still brimming with opportunities for innovative projects. If Pump.fun keeps this momentum, it may soon find itself a household name in crypto circles.

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XRP Beats Intel: The Little Crypto That Could

Move over, Silicon Valley—XRP just flexed on Intel by surpassing its market capitalization. While Intel chips away at the tech industry, XRP is proving that blockchain-based assets are here to disrupt more than just traditional finance. This milestone isn’t just a win for Ripple enthusiasts; it’s a statement about the growing influence of digital assets. Who would’ve thought a cryptocurrency embroiled in legal battles could outshine a tech titan? As XRP holders celebrate, Intel might need to borrow some of their optimism.

DEXX Attackers Play the Swap Game for ETH and BNB

SlowMist has uncovered a crafty maneuver by DEXX attackers, who exchanged tokens across multiple EVM addresses for ETH and BNB. It’s like a game of digital musical chairs, except these players aren’t here for fun—they’re here for profit. This sneaky operation highlights the persistent vulnerabilities in decentralized exchanges and the need for robust security measures. As the blockchain space evolves, the attackers evolve right along with it, proving that innovation is a double-edged sword.

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Long-Lost Bitcoin Wallet Springs Back to Life

Imagine finding an old piggy bank only to discover it’s worth $41 million. That’s essentially what happened when a dormant Bitcoin wallet holding 429 BTC was reactivated after nearly 11 years. The timing? Impeccable. The value? Mind-blowing. Speculation is rife—was it a forgotten treasure or a long-term strategy? Either way, the story adds another layer to Bitcoin’s mystique, reminding us all to keep track of our wallets, physical or digital.

STRK Staking Hits 70 Million Milestone

STRK staking just hit a major milestone, with over 70 million tokens pledged—about 3.47% of the circulating supply. It’s like a trust fall, but instead of your friends catching you, it’s the blockchain. This surge in staking reflects growing confidence in the STRK ecosystem and its potential for long-term gains. While hodlers might be tempted to sit back and relax, this staking spree is a signal that sometimes, putting your assets to work is the real power move.

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