TL;DR

• Sui refuted claims that $400 million in tokens were sold by insiders, suggesting it was likely normal operations by infrastructure partners.

• Bit Digital, a Nasdaq-listed Bitcoin mining company, announced it has acquired Enovum Data Centers for $46 million.

• Sonic revealed its tokenomics, with 6% of the initial supply allocated for airdrops.

• FinCEN accused TD Bank of failing to report suspicious crypto activities, leading to potential money laundering fines exceeding $3 billion.

• Japanese-listed company Metaplanet has added another 106.97 BTC to its holdings.

• Coinbase is now offering WELL, ZK, EIGEN, and IO asset trading for users in Germany.

• Upbit is launching new CARV trading pairs today in Korean Won, BTC, and USDT.

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Alpha of the Day

Sui Shrugs Off Insider Sale Claims—It’s Just Business as Usual

Sui has firmly denied accusations that $400 million worth of tokens were sold by insiders. The crypto world loves a good conspiracy, but Sui is brushing off the claims like a mild Monday inconvenience. According to them, what looked like insider trading is just infrastructure partners doing their thing. Sure, $400 million seems like a big deal, but apparently, it’s just another day at the office. Let’s all take a deep breath and wait for the next plot twist in the never-ending soap opera of crypto scandals.

Bit Digital Mines More Than Just Bitcoin—It Buys Enovum for $46M

Bit Digital is flexing its financial muscles with the $46 million acquisition of Enovum Data Centers. Forget just mining Bitcoin; they’re scooping up entire data centers now. The Nasdaq-listed company clearly isn’t playing around. This move will expand their mining capabilities and solidify their position in the crypto mining world. If you thought mining was just about solving puzzles, think again. Bit Digital’s making moves like a crypto kingpin, stacking data centers like they're Pokémon cards.

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Sonic’s Airdrop Tokenomics—6% for You, and You, and You!

Sonic is getting in on the airdrop action, revealing its tokenomics with 6% of its initial supply reserved for the lucky ones. That’s right, free tokens for airdrop hunters—because who doesn’t like free stuff? Whether you're a crypto enthusiast or just love collecting shiny digital things, Sonic is adding a fun twist to their token distribution. It’s like Oprah giving away cars, but in this case, you get a token, and you get a token! Let's hope Sonic's speed matches the excitement.

TD Bank Caught in a $3 Billion Crypto Mess—Thanks, FinCEN!

TD Bank is in deep water after FinCEN came knocking with accusations of not reporting sketchy crypto activities. The fine could exceed $3 billion, and let’s just say, TD Bank won’t be having a chill week. Failing to report suspicious transactions might be something they regret now, as the fines keep stacking up like an expensive game of Jenga. Maybe next time, they’ll pay a bit more attention to their crypto dealings. For now, the bank’s piggy bank is looking lighter.

Metaplanet Keeps HODLing—Adds 106.97 More BTC to Its Stash

Metaplanet isn’t done stacking sats, as the Japanese-listed company scooped up another 106.97 BTC like it's no big deal. With Bitcoin on everyone’s mind, Metaplanet is quietly growing its digital gold reserves. It's like that one friend who keeps buying Bitcoin while everyone else is busy talking about altcoins and NFTs. Who knows, maybe one day Metaplanet will own more BTC than Satoshi himself. But for now, they’re just slowly, steadily expanding their treasure chest.

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Coinbase Opens the Door for WELL, ZK, EIGEN, and IO in Germany

German Coinbase users can now trade WELL, ZK, EIGEN, and IO assets, proving once again that Coinbase loves to keep things interesting. With these additions, German users are getting even more crypto choices, which is like adding new flavors to an already complicated ice cream menu. Whether you’re a WELL whale or just dipping your toes into ZK, Coinbase has something for everyone. Now, it's time to see if these assets live up to the hype or just become obscure menu options.

Upbit Unleashes CARV Trading Pairs—Korean Won, BTC, and USDT Are In

Upbit is making moves with the launch of CARV trading pairs in Korean Won, BTC, and USDT. If you're into CARV, this is your chance to trade it across three different currencies like a crypto baller. Whether you prefer to deal in good ol’ fiat or play the BTC and USDT game, Upbit’s got your back. It’s always fun when a new pair enters the trading floor, so let’s see if CARV can carve out a niche for itself in this wild crypto market.

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