TL;DR

• Foreign media report that Trump is accepting Bitcoin Lightning Network payments for campaign donations.

• Legal expenses for FTX's bankruptcy have surpassed $700 million.

• Tether co-founder Brock Pierce is contemplating a return to Hong Kong to launch new projects.

• JPMorgan Chase predicts an initially negative market reaction to the spot Ethereum ETF.

• 680 million XRP are secured in Ripple's custodial wallets, with an additional 1 billion XRP recently unlocked.

• Hackers of DEX Velocore converted the stolen assets into 1,807 ETH.

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Alpha of the Day

Trump’s Campaign Goes Crypto with Bitcoin Lightning Network

In a twist that feels like it’s straight out of a sci-fi political thriller, foreign media reports claim that Donald Trump is now accepting campaign donations via the Bitcoin Lightning Network. Yes, the former president has decided to make it rain satoshis! Imagine your grandma trying to figure out Bitcoin just to support her favorite candidate. This move could potentially open up a whole new world of crypto enthusiasts in politics, but let's just hope Trump doesn't start tweeting about "huge" blockchains next.

FTX’s Legal Bills Hit Stratospheric $700 Million

FTX’s bankruptcy saga is costing a pretty penny—or 700 million of them, to be exact. Legal expenses for the fallen crypto exchange have hit a staggering $700 million. That's enough to buy a private island or fund a small country! It seems every lawyer on the planet is getting a piece of the FTX pie, which makes you wonder if they’ll ever leave enough crumbs for the creditors. FTX’s legal team must be living their best life right now, possibly planning their next yacht party.

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Brock Pierce Eyes Hong Kong for New Crypto Ventures

Tether co-founder Brock Pierce is reportedly considering a comeback to Hong Kong to kickstart some fresh crypto projects. The man who once played a role in Disney’s “The Mighty Ducks” and then co-founded Tether seems to be itching for some new adventures. Maybe he’s tired of mainland vibes and wants that Hong Kong hustle back. With his return, we can probably expect some innovative twists, possibly involving blockchain, NFTs, or even digital ducks—because why not?

JPMorgan Chase Foresees a Gloomy Start for Spot Ethereum ETF

Hold onto your Ethereum, because JPMorgan Chase is predicting that the market's initial reaction to the spot Ethereum ETF might be a bit of a downer. Apparently, the bigwigs at JPMorgan think everyone’s going to be like, “Oh, another ETF? Yawn.” While the hype might fizzle out quicker than a bottle of flat soda, it could be the perfect buying opportunity for the savvy. So, prepare for a dip and maybe grab some popcorn—or ETH—while you’re at it.

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Ripple Locks Down 680 Million XRP, Unlocks 1 Billion More

Ripple just did the crypto version of cleaning out their closet: they’ve secured 680 million XRP in custodial wallets and unlocked another billion. It’s like they’re hoarding candy while also throwing a massive candy giveaway. This move could shake things up in the XRP world, making HODLers either nervous or excited—or both. Let's just hope they don’t lose the keys to those custodial wallets, because that would be one expensive oopsie.

DEX Velocore Hackers Make Off with 1,807 ETH

Hackers have struck again, this time targeting the DEX Velocore and walking away with 1,807 ETH. That’s a heist worthy of a blockbuster movie plot. These cybercriminals managed to convert the stolen assets into ETH faster than you can say “decentralized exchange.” While Velocore is left picking up the pieces, the hackers are probably sipping mojitos on a virtual beach somewhere, celebrating their digital loot. Meanwhile, the rest of us are left double-checking our wallet security settings.

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