TL;DR

• Ethereum co-founder Vitalik Buterin claims that current crypto regulations have resulted in an 'anarcho-tyranny.'

• Japan's three biggest banks are teaming up to develop a blockchain-based digital identity solution.

• Approximately 40 crypto projects are scheduled to release $860 million worth of tokens in July.

• The launch of XRP and Cardano ETFs appears to be a distant possibility.

• The number of crypto ATMs installed in 2024 is set to exceed the 2,861 machines that were removed in 2023.

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Alpha of the Day

Vitalik Buterin Rants About 'Anarcho-Tyranny'

Ethereum's co-founder, Vitalik Buterin, recently went on a tear about how current crypto regulations have created what he calls 'anarcho-tyranny.' Sounds dramatic, right? Buterin suggests that the rules are so inconsistent and arbitrary that they stifle innovation while failing to prevent fraud. It's like a Wild West where the sheriff is too busy filling out paperwork to stop the outlaws. Whether you agree with him or not, you've got to admit, Vitalik knows how to coin a term that'll make you sit up and take notice.

Japan’s Banking Giants Go Blockchain

Japan's three largest banks have decided to ditch traditional ID verification methods and go full-on futuristic with a blockchain-powered digital identity solution. Think of it as the Avengers assembling but for your personal data. This dynamic trio plans to revolutionize how we prove who we are, making it more secure and efficient. So, next time you're asked for ID, you might just flash your phone instead of digging through your wallet. It’s about time the banks caught up with the times, right?

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Crypto Projects Set to Unleash $860 Million Token Storm

July is shaping up to be the month of the crypto token tsunami, with around 40 projects preparing to drop a cool $860 million worth of tokens. It's like a summer blockbuster but for crypto enthusiasts. Expect market waves, price fluctuations, and probably a few Twitter meltdowns. Whether these new tokens will sink or swim remains to be seen, but one thing's for sure: it's going to be an exciting ride for anyone keeping an eye on the crypto seas.

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XRP and Cardano ETFs? Don't Hold Your Breath

If you were hoping for XRP and Cardano ETFs to hit the market soon, you might want to settle in for a long wait. It looks like these crypto heavyweights are stuck in the regulatory waiting room with old magazines and bad coffee. Despite the hype and anticipation, the launch of these ETFs isn't anywhere near the horizon. So, for now, XRP and Cardano fans will have to make do with what they've got and keep their fingers crossed for better news down the road.

Crypto ATMs Making a Comeback in 2024

In 2023, it seemed like crypto ATMs were going the way of Blockbuster, with 2,861 machines getting the boot. But hold onto your hats because 2024 is set to bring a major comeback. The number of new crypto ATMs being installed is on track to surpass last year's removals. So, if you thought the era of conveniently buying Bitcoin at your local gas station was over, think again. It's like the Phoenix rising from the ashes, only with more digital wallets and fewer rental fees.

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