TL;DR

• DWF Labs Partner: A bull market is likely within months if Bitcoin prices stay stable.

• ZachXBT: Pendle users have lost over $15.95 million to phishing since March.

• 10x Research: Slow stablecoin minting is hindering Bitcoin from reaching new highs.

• Cross Light Capital and Affin Bank launch digital asset funds.

• Sources say Singapore Bank investigates wealthy clients after a money laundering case.

• "Fortune": BNB's rise has increased CZ's net worth by $4.1 billion in 2024, even while in prison.

• South Korea issues guidelines defining NFTs and virtual assets.

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Alpha of the Day

Bitcoin Bull Market on the Horizon?

DWF Labs Partner is giving crypto enthusiasts something to cheer about, predicting a bull market within months—assuming Bitcoin prices don't decide to imitate a roller coaster. So, if Bitcoin can keep its cool and stay stable, we might just see some serious gains. It's like waiting for a calm day at the beach before the big waves hit—get your surfboards ready, folks!

Phishing Fiasco for Pendle Users

Since March, ZachXBT reports that Pendle users have been bitten by the phishing bug to the tune of over $15.95 million. That's right, nearly 16 million bucks have vanished faster than pizza at a college party. It's a reminder to double-check those sketchy emails and links—because in crypto, even the savviest can get hooked.

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Stablecoin Snail's Pace Stalls Bitcoin Boom

According to 10x Research, Bitcoin's dreams of breaking new all-time highs are being crushed by the slow pace of stablecoin minting. It's like Bitcoin is trying to run a marathon with its shoelaces tied together. Stablecoins need to pick up the pace, or Bitcoin might just sit this race out.

Digital Asset Funds Take Off

Cross Light Capital and Affin Bank have teamed up to launch new digital asset funds, diving headfirst into the crypto pool. These funds are like the new kids at school who show up wearing the coolest sneakers—everyone’s watching to see if they’re the next big thing. Investors, keep your eyes peeled for some digital gold!

Singapore Bank's High-Stakes Investigation

Rumor has it that a Singapore Bank is conducting a deep dive into the dealings of its wealthiest clients following a money laundering case. It's like a high-stakes episode of CSI: Financial District. Who needs reality TV when you have real-life drama involving big bucks and shady transactions?

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BNB Boosts CZ's Billionaire Status

In a plot twist worthy of a Hollywood blockbuster, "Fortune" reports that the rise of BNB has made Binance's CZ $4.1 billion richer in 2024—even while he's behind bars. Talk about making bank! It's like being the kingpin of crypto, proving that even prison walls can't stop the crypto gains.

South Korea's NFT and Virtual Asset Playbook

South Korea has dropped some much-needed clarity by issuing guidelines that define NFTs and virtual assets. Think of it as the country's official playbook for the digital game. Now, everyone knows the rules, and the game can get even more exciting. Get ready for some regulation-fueled action in the crypto arena!

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