TL;DR

• Biden's campaign is considering accepting crypto donations via Coinbase Commerce.

• Self Chain moves to Mainnet Stage 2, migrating from $FRONT to $SLF tokens.

• Trump supports U.S.-based Bitcoin mining in his latest crypto endorsement.

• Moonbeam launches a $10M fund to boost gaming, RWA, and the Moonriver network.

• Ethena Labs will reveal staking pools and $ENA tokenomics update on June 17.

• Bitcoin drops to $66K, leading to $250M in liquidations ahead of FOMC and CPI report.

• CMT Digital seeks to raise $150 million for its fourth crypto fund.

• Polygon commits 35 million MATIC to support projects on its network.

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Alpha of the Day

Biden's Campaign Goes Crypto

Looks like Uncle Joe is getting hip with the kids—Biden's campaign is considering accepting crypto donations through Coinbase Commerce. That's right, you could soon fund your favorite candidate's run for the White House with your Bitcoin stash. Just imagine telling your grandkids you contributed to a presidential campaign with Dogecoin. It's the political equivalent of using an iPhone 15 to call your rotary phone-using grandparents. Whether this will sway the millennial and Gen Z vote is anyone's guess, but it's certainly a bold move into the 21st century.

Self Chain's Next Big Step: Mainnet Stage 2

Get ready for a blockchain evolution! Self Chain is transitioning to Mainnet Stage 2, which includes the migration from $FRONT to $SLF tokens. It's like trading in your old beater for a sleek new electric car. This transition is expected to boost performance, scalability, and overall ecosystem health. So, if you're holding $FRONT, get ready for the upgrade—it's like a crypto spring cleaning. Just don't forget to update your wallets and take note of the migration date, or you might find yourself in the crypto dark ages.

Trump Embraces Bitcoin Mining

In his latest crypto love-fest, Trump declared that all Bitcoin mining should be done in the U.S. Forget coal mines and oil drills; it's all about those sweet, sweet Bitcoin rigs. According to Trump, this digital gold rush could stabilize the power grid and make America the global crypto powerhouse. Who knew the former president had such a soft spot for digital assets? Whether this is just a new chapter in Trump's ever-evolving narrative or a genuine endorsement, one thing's for sure: the crypto community is buzzing.

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Moonbeam's $10M Innovation Fund

Moonbeam is throwing down a $10 million gauntlet to support gaming, RWA (real-world assets), and the Moonriver network. It's like the Shark Tank of the crypto world—bring your best ideas and you might just get funded. This move aims to supercharge innovation and attract top-tier projects to the Moonbeam ecosystem. If you've got a groundbreaking idea or a game-changing project, now's your chance to shine. Just think of it as Moonbeam's version of a golden ticket—except this one could launch your project to the moon.

Ethena Labs Staking Pools and Tokenomics Update

Mark your calendars for June 17! Ethena Labs is set to reveal details on their new staking pools and an update on $ENA tokenomics. It's like waiting for the next big Marvel movie—anticipation is high and rumors are flying. Staking enthusiasts and $ENA holders are eagerly awaiting the news, hoping for juicy returns and innovative features. This could be a game-changer for Ethena Labs and its community, so stay tuned for what promises to be an exciting announcement.

Bitcoin's Wild Wednesday

Hold onto your hats, crypto fans—Bitcoin's recent pullback to $66K has triggered a whopping $250 million in liquidations. With the FOMC meeting and CPI report looming, traders are bracing for what’s being dubbed 'wild Wednesday.' It's like waiting for a financial rollercoaster ride, complete with stomach-churning drops and heart-pounding twists. Will Bitcoin bounce back or continue its wild ride? Either way, it's sure to be a day filled with volatility and opportunities for those brave enough to play the market.

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CMT Digital's Fundraising Ambitions

CMT Digital is on the hunt for $150 million to fuel its fourth crypto fund. They're not messing around—this is like going back for seconds at an all-you-can-eat buffet. With this new fund, CMT Digital aims to capitalize on emerging opportunities in the crypto space, targeting everything from blockchain startups to innovative DeFi projects. Investors looking to get in on the ground floor of the next big thing should keep an eye on this one. It's a bold move that could yield big rewards if the crypto stars align.

MoonPay and PayPal Expand Crypto Integration

MoonPay and PayPal are making it easier for UK and EU customers to dive into crypto, expanding their purchasing integration. It’s like opening the floodgates to a whole new audience of crypto enthusiasts. This collaboration means more people can seamlessly buy and sell digital assets without the usual hassle. It's a win-win for both companies and their customers, making crypto transactions as easy as pie. So, if you're across the pond, get ready to join the crypto revolution with just a few clicks.

Polygon's 35 Million MATIC Commitment

Polygon is putting its money where its mouth is by committing 35 million MATIC to support projects on its network. Think of it as a giant bag of Halloween candy for blockchain developers—except this treat could lead to groundbreaking innovations. This funding aims to nurture and accelerate the growth of projects building on Polygon, ensuring the network remains a top choice for developers. If you've got a killer idea and the chops to back it up, Polygon’s got the MATIC to make it happen.

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