TL;DR

• Ethena Labs has regained control of its domain name and will relaunch the front-end website after further investigation.

• Michelle Bond, partner of former FTX executive Ryan Salame, has denied allegations of campaign finance violations.

• The Hong Kong Monetary Authority reduced its benchmark interest rate by 50 basis points, bringing it to 5.25%.

• Trump remarked that the Federal Reserve's interest rate cut is a sign that "the economy is in very bad shape."

• Solana developer platform Helius secured $21.75 million in funding, with Haun Ventures among the investors.

• The founder of SkyBridge Capital claims that some crypto supporters are encouraging Harris to distance herself from SEC Chairman Gary Gensler.

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Alpha of the Day

Ethena Labs: Back in Business

Ethena Labs has reclaimed its domain name after a bit of a digital hostage situation. They're planning to relaunch their front-end website once they’re sure everything’s secure. Imagine getting your house robbed, kicking out the thieves, and then double-checking all the locks. Their tech team is on it like detectives at a crime scene, ensuring that no shady business lingers behind. So, if you’ve been hitting refresh on their website like a caffeine-deprived millennial waiting for a coffee shop to open, hang tight—it's coming back soon.

Michelle Bond: "Campaign Finance Violation? Not Me!"

Michelle Bond, who's been in the spotlight as the partner of former FTX exec Ryan Salame, is brushing off accusations of campaign finance violations like they’re just Monday morning rumors. She’s putting on her best 'not guilty' face and denying all the charges. It's like that moment when your friends accuse you of eating the last slice of pizza, and you swear on everything holy it wasn't you. Bond is standing firm, insisting that these allegations are as baseless as a tabloid rumor about a celebrity adopting an alien baby.

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Hong Kong's Rate Cut: Keeping Things Interesting

The Hong Kong Monetary Authority just gave its benchmark interest rate a little snip, trimming it by 50 basis points to 5.25%. It’s the financial world’s equivalent of a barbershop fade—trying to keep things looking sharp and clean in an otherwise messy economy. This move might be Hong Kong's way of saying, "We're not letting the global economic rollercoaster mess up our style." Investors are watching closely, though, because rate cuts can be a bit like getting a haircut you’re not sure about—it could look great, or you might regret it later.

Trump on the Fed Cut: "Bad News, Folks!"

In classic Trump fashion, he’s not mincing words about the Federal Reserve’s recent rate cut. He’s waving a red flag and declaring, “The economy is in very bad shape.” It’s like he’s that guy at the party who sees a storm cloud and immediately starts building an ark. Whether you’re a fan of his economic commentary or not, he’s definitely got a flair for dramatic delivery. The question is, does he have a point, or is this just another episode of ‘Trump Says What Everyone’s Thinking’?

Helius Rakes in $21.75 Million: Solana’s New Favorite Child

Helius, the Solana developer platform, just bagged a cool $21.75 million in funding. Haun Ventures led the charge, probably thinking, "This could be the next big thing." It's like Helius just got picked first for the dodgeball team, and now they’re ready to take on the entire playground. With this cash injection, they're set to innovate and expand, possibly making Solana devs feel like kids on Christmas morning. Let's hope they use their new war chest wisely and don’t blow it all on crypto-themed merch.

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SkyBridge Capital's Founder on Harris and Gensler: "It's Getting Awkward"

Apparently, some crypto enthusiasts are whispering in Harris’s ear, suggesting she put some distance between herself and SEC Chairman Gary Gensler. According to SkyBridge Capital’s founder, it’s the latest soap opera in the ongoing saga of crypto regulation drama. Picture Harris trying to play it cool at the lunch table while everyone around her dishes out unsolicited advice on handling her 'relationship' with Gensler. It’s like the high school prom of politics and finance—awkward alliances, strategic distancing, and everyone's wondering who's dancing with who.

Fed's Rate Cut: Stocks Get Excited, Then Take a Nap

The Federal Reserve’s announcement of a 50 basis point rate cut got U.S. stocks all hyped up for a bit, only to end the day in a collective yawn. It’s like they started the day with a double-shot espresso and ended it with a cup of chamomile tea. Investors initially took the news as a green light to party, but by closing time, it was more of a “meh.” Looks like the market's reaction to the rate cut was as unpredictable as a cat’s mood—one minute it’s purring, the next it's hiding under the couch.

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