TL;DR

• Off The Grid from Avalanche hits #1 on Epic Games Store, gaining strong user reviews

• Movement Labs partners with Gate and Boon Ventures to launch $20M fund for Web3 startups

• Avalanche Foundation seeks court approval to repurchase AVAX tokens sold to Luna Foundation Guard

• Murad’s top NFTs and memecoins skyrocket after X Channel post

• $DEEP TGE set for today, NFT holders can burn NFTs for token allocation, Bybit listing scheduled

• Ethena Labs proposes adding $SOL as USDe backing asset to boost yield

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Alpha of the Day

Murad's NFT and Memecoin Hall of Fame

Murad has just dropped a hotlist of NFTs and memecoins on his X channel, and let’s just say, the excitement is palpable. Projects like #milady and $gremlins are climbing the charts faster than a cat meme goes viral. Investors are practically tripping over themselves to grab these gems, fueled by Murad's impeccable taste and timing. It’s as if he’s found the secret sauce to meme magic, and suddenly everyone wants a taste. Even the NFTs that used to languish in digital obscurity are experiencing a renaissance—who knew pixelated images could make you rich? This is the kind of FOMO that makes people reconsider their life choices, all while scrolling through Murad’s post with their wallets at the ready. Grab your popcorn; this rollercoaster is just getting started!

Ethena Labs Proposes to Level Up with $SOL

In an audacious move that has crypto enthusiasts buzzing, Ethena Labs is proposing to add $SOL as a backing asset for its USDe. Think of it like giving your smoothie a protein boost, but for crypto. This proposal is set to supercharge the yield of sUSDe, utilizing a mechanism similar to their existing BTC and ETH perpetual futures hedging strategy. It's as if Ethena is saying, “Why settle for a regular yield when you can have a gourmet one?” The crypto world is no stranger to innovations, but adding $SOL feels like turning a two-lane road into a six-lane highway of opportunity. If approved, expect yield chasers to dive into sUSDe like kids into a ball pit—just try to avoid any hidden hazards!

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Avalanche Foundation's Bold Repurchase Plan

In what can only be described as a financial game of "take backsies," the Avalanche Foundation is making moves to repurchase all the AVAX tokens it sold to the Luna Foundation Guard back in April 2022. As the foundation awaits approval from the bankruptcy court, one can’t help but think, “If only life had a refund policy.” The crypto landscape is nothing if not unpredictable, and this decision feels like a calculated gamble. With market sentiments fluctuating more than a pendulum, getting back those tokens could be a game-changer. The Avalanche Foundation is hoping for a thumbs-up, and if they get it, watch out! It’s a comeback story waiting to unfold, complete with all the dramatic twists we love in a good plot.

Off The Grid Dominates the Gaming Scene

Off The Grid, a new gaming project from the Avalanche ecosystem, has officially claimed the top spot on the Epic Games Game Store, and boy, is it raking in the praise. Gamers are diving in headfirst, fueled by the promise of earning $GUN tokens through gameplay. Just imagine: you’re slaying digital foes while stacking up your in-game currency like it’s Monopoly money—only this time, it’s real! However, it’s still a testnet token, so temper your expectations and don't go buying that new gaming rig just yet. The hype is real, and players are already raving about their experiences. If this game keeps up its momentum, it might just kickstart a whole new trend in blockchain gaming. Get ready for the next big thing in gaming—complete with pixelated glory and endless hours of fun!

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Movement Labs Unveils $20M Fund for Web3 Startups

In a bold step towards fostering innovation, Movement Labs has partnered with Gate Ventures and Boon Ventures to launch a whopping $20 million fund aimed at supporting Web3.0 startups. If you’re an aspiring entrepreneur looking to build on the Move language, now’s your time to shine! The fund is like a booster shot for blockchain technology, offering both capital and resources to those ready to take the plunge. It’s as if they’re throwing a digital party and everyone’s invited—bring your best ideas! This partnership signifies a growing recognition of the Move blockchain's potential and a commitment to scale it further. Who knows, the next big breakthrough in Web3 might just come from this initiative, and we’ll all be there for the celebration!

$DEEP TGE: The Countdown Begins

Mysten Labs has their sights set on a big reveal today with the Token Generation Event (TGE) for $DEEP scheduled at 10 AM UTC. This is like the Super Bowl for crypto enthusiasts, and the excitement is tangible. DEEP NFT holders can burn their NFTs just five minutes before the TGE, claiming their allocated tokens like it’s a race for the last slice of pizza at a party. And if you think that’s not enough to get the adrenaline pumping, wait until you hear that $DEEP is also slated for listing on Bybit! It’s the kind of opportunity that makes investors' hearts race and wallets quiver with anticipation. Get your digital wallets ready because this event promises to be a wild ride, and you won’t want to miss out!

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