TL;DR

• The pump.fun attacker was arrested by British law enforcement but released on bail.

• Kraken confirms USDT will remain listed in Europe with no plans for delisting.

• Ripple's Q1 report reveals total XRP holdings of over 4.83 billion, mostly traded with USDT.

• A whale deposited US$4.54 million worth of PEPE into Binance to cut losses.

• DeFi Total Value Locked (TVL) surpasses US$95 billion once again.

• Gemini Earn will return cryptocurrency to customers by the end of the month.

• Tether's market value now exceeds that of Ping An Insurance.

• Crypto industry donations to the 2024 U.S. election have reached a record $94 million, reports Bloomberg.

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Alpha of the Day

The pump.fun Attacker Gets a Reality Check

In a dramatic turn of events worthy of a heist movie, the pump.fun attacker was nabbed by British law enforcement. This modern-day Robin Hood wasn’t exactly stealing from the rich to give to the poor—more like taking from everyone to keep for themselves. The attacker, who misappropriated a whopping amount of digital assets, was arrested and then released on bail, probably to contemplate their life choices. Who knew pump-and-dump schemes could land you in such hot water? Now, the only thing pumping is the adrenaline of this cybercriminal, as they await their day in court.

Kraken's USDT Stays Put in Europe

Kraken has made it clear: USDT isn’t going anywhere in Europe. Amidst swirling rumors and crypto conspiracy theories, the exchange announced there are no plans to delist Tether (USDT). So, if you were worried about having to swap out your USDT stash in a panic, breathe easy. Kraken's got your back, or at least your Tether, firmly planted in European markets. Looks like the crypto world can enjoy a little stability, at least until the next Twitter scandal.

Ripple's Impressive XRP Holdings

Ripple just dropped their Q1 XRP market report, and it’s a doozy. With total holdings surpassing 4.83 billion XRP, they’re sitting on a mountain of crypto that would make Scrooge McDuck envious. Most of the trading activity involves USDT, showing just how intertwined Ripple’s fortunes are with this stablecoin. It’s clear that Ripple isn’t just riding the waves of the crypto ocean—they’re making tidal waves of their own.

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Whale of a Time with PEPE

In a move that must have sent shockwaves through the meme coin community, a whale deposited PEPE worth US$4.54 million into Binance. This wasn’t a play to flex on crypto Twitter but a desperate attempt to cut losses. It seems even whales have their rough days. As the saying goes, when life gives you lemons, dump your PEPE on Binance and move on. We’ll see if this big fish swims to greener pastures or flounders in the crypto currents.

DeFi TVL Hits US$95 Billion Milestone Again

DeFi is back with a vengeance, baby! Total Value Locked (TVL) in decentralized finance has once again surpassed the US$95 billion mark. It’s like DeFi is saying, “Remember me?” and flexing its muscles after a wild year. This resurgence shows that innovation and trust in decentralized platforms are still going strong. So, get your DeFi capes on—this market isn’t just surviving, it’s thriving and making everyone take notice.

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Gemini Earn's Crypto Returns

Good news for Gemini Earn users: the platform will start returning cryptocurrency to customers by the end of the month. It’s like finding out your favorite show got renewed for another season—only this time, the plot twist is that you’re getting your digital assets back. After a period of uncertainty, Gemini is stepping up to the plate and delivering. Here’s to hoping the crypto returns are as satisfying as a well-timed binge-watch session.

Tether's Market Value Triumph

Tether’s market value has now surpassed that of Ping An Insurance, and that’s no small feat. It’s like the stablecoin equivalent of climbing Mount Everest. Tether’s resilience and dominance in the market continue to grow, proving that it’s not just a one-hit-wonder. With this milestone, Tether has solidified its place in the financial world, showing that crypto can indeed hold its own against traditional giants.

Crypto Donations Surge for 2024 Election

In a record-breaking move, donations from the crypto industry to the 2024 U.S. election have reached a staggering $94 million, according to Bloomberg. That’s enough to make even the most seasoned political donors do a double-take. It seems the crypto world is putting its money where its mouth is, aiming to influence the future of regulations and policies. Who knew that your favorite meme coin could one day help sway an election? It’s a wild world out there, and crypto is here to play.

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