TL;DR:

• Wu-Tang Clan's Ghostface Killah ventures into blockchain with Bitcoin Ordinals.

• Solana Meme Coin SLERF surges, nearing the top 100 cryptos.

• Hong Kong's CBDC trial and Ant's #blockchain efforts drive digitalization in shipping.

• Avalanche Blockchain and Alipay+ launch Web3 Voucher Program.

• Lithuania-licensed #Crypto Bank Meld offers tokenized RWAs to retail investors.

• Crypto market witnesses $400 billion loss as Bitcoin sell-off intensifies.

• Countdown to BTC halving enters final 30 days.

• Base TVL surpasses US$1.7 billion, up 21% in past week.

• Global X set to launch BTC futures strategy ETF coded as BTRN.

• FTX's CEO reveals exchange held only 105 BTC upon takeover.

• BlackRock holds at least $40,000 worth of MemeCoin and NFT assets.

• Coinbase becomes vital infrastructure provider for BlackRock's tokenized investment fund.

• United Nations Security Council reports North Korean hackers' cyber attacks led to $3 billion in losses.

• Coinbase Chief Legal Officer asserts ETH as commodity, challenging SEC's basis for rejecting ETH ETP application.

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Alpha of the Day

Wu-Tang Clan's Ghostface Killah ventures into blockchain, releasing new tracks as Bitcoin Ordinals

Renowned hip-hop artist Ghostface Killah, a member of the legendary Wu-Tang Clan, explores the realm of blockchain technology by dropping fresh music tracks under the alias "Bitcoin Ordinals." This move represents an intriguing fusion of music and blockchain innovation, offering fans an exciting new way to engage with the artist's creative output while delving into the decentralized world of cryptocurrencies.

Solana Meme Coin SLERF gains momentum, nearing the top 100 crypto list with a 30% surge

SLERF, a meme coin built on the Solana blockchain, experiences a significant surge in value, bringing it closer to breaking into the top 100 cryptocurrencies by market capitalization. This surge in momentum underscores growing interest and confidence in SLERF within the crypto community, driven in part by its meme-inspired branding and the robust capabilities of the Solana network.

Hong Kong's CBDC trial and Ant's blockchain efforts drive digitalization in shipping

Initiatives such as Hong Kong's Central Bank Digital Currency (CBDC) trial and Ant Group's blockchain projects play a pivotal role in advancing digital transformation within the shipping industry. By harnessing the power of blockchain technology and CBDCs, these initiatives enhance efficiency, transparency, and security across global shipping operations, paving the way for a more streamlined and technologically-driven maritime sector.

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Avalanche Blockchain and Alipay+ team up to introduce the Web3 Voucher Program

Avalanche Blockchain collaborates with Alipay+, a prominent online payment platform, to unveil the Web3 Voucher Program, designed to incentivize user participation in the decentralized web (Web3). This innovative program allows users to earn vouchers by engaging with various Web3 applications and services, driving adoption and utilization of decentralized technologies. The partnership between Avalanche Blockchain and Alipay+ demonstrates a significant step towards mainstream adoption of Web3 principles and decentralized ecosystems.

Lithuania-licensed Crypto Bank Meld to offer tokenized RWAs to retail investors

Meld, a cryptocurrency bank licensed in Lithuania, announces plans to provide retail investors with access to tokenized Real World Assets (RWAs). This groundbreaking initiative democratizes investment opportunities, allowing retail investors to diversify their portfolios with assets such as real estate and commodities in tokenized form. By bridging the gap between traditional finance and the crypto industry, Meld aims to empower retail investors and broaden the accessibility of investment options in the digital age.

Crypto market witnesses a $400 billion loss as Bitcoin sell-off intensifies post all-time high

The cryptocurrency market experiences a significant downturn, with a staggering $400 billion loss attributed to a heightened sell-off of Bitcoin following its recent all-time high. This sharp decline underscores the inherent volatility of the crypto market and the impact of market sentiment on asset prices. Investors brace for increased volatility and uncertainty as the market adjusts to the rapid fluctuations in Bitcoin's price.

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Countdown to BTC halving enters its final 30 days

The countdown to Bitcoin's highly anticipated halving event enters its final month, sparking anticipation and speculation within the crypto community. The halving, which occurs approximately every four years, involves a reduction in the reward miners receive for validating transactions on the Bitcoin network. This event is closely watched by investors and analysts alike, as it historically correlates with significant price movements in the cryptocurrency market.

Base TVL surpasses US$1.7 billion, marking a 21% increase in the past week

The Total Value Locked (TVL) in decentralized finance (DeFi) protocols surpasses $1.7 billion, signaling a notable 21% increase over the past week. This surge in TVL reflects growing interest and participation in DeFi platforms, driven by the potential for yield farming, liquidity mining, and other innovative financial services. Investors flock to DeFi protocols in search of opportunities for yield generation and portfolio diversification in the rapidly evolving crypto landscape.

Global X set to launch BTC futures strategy ETF coded as BTRN

Global X, a leading provider of exchange-traded funds (ETFs), announces plans to launch a Bitcoin futures strategy ETF with the ticker symbol BTRN. This ETF aims to provide investors with exposure to Bitcoin futures contracts, allowing them to gain indirect exposure to the cryptocurrency market through traditional investment vehicles. The introduction of this ETF represents another milestone in the growing institutional adoption of Bitcoin and cryptocurrencies as legitimate asset classes.

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FTX's current CEO reveals the exchange held only 105 BTC upon takeover

The CEO of FTX, a prominent cryptocurrency exchange, discloses that the platform held a relatively modest 105 BTC at the time of his takeover. This revelation sheds light on the exchange's early stages and highlights its exponential growth and success since then. The disclosure may also serve to reassure investors about the exchange's commitment to transparency and responsible management practices.

BlackRock holds at least $40,000 worth of MemeCoin and NFT assets

BlackRock, one of the world's largest asset management firms, reportedly holds a substantial amount of MemeCoin and non-fungible token (NFT) assets, totaling at least $40,000 in value. This revelation underscores the growing interest from institutional investors in digital assets beyond traditional cryptocurrencies like Bitcoin and Ethereum. BlackRock's foray into MemeCoins and NFTs reflects a broader trend of institutional adoption and diversification within the crypto market.

Coinbase becomes a vital infrastructure provider for BlackRock's tokenized investment fund

Coinbase, a leading cryptocurrency exchange, solidifies its role as a critical infrastructure provider for BlackRock's tokenized investment fund. This partnership underscores Coinbase's growing influence and reputation within the institutional investor community. By leveraging Coinbase's robust infrastructure and expertise in digital asset management, BlackRock aims to enhance the accessibility and efficiency of its tokenized investment products for investors worldwide.

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United Nations Security Council reports North Korean hackers' cyber attacks on encryption firms led to $3 billion in losses

The United Nations Security Council releases a report revealing that North Korean hackers orchestrated cyber attacks on encryption firms, resulting in approximately $3 billion in losses. This alarming revelation highlights the growing threat of cyber warfare and the need for enhanced cybersecurity measures across industries. The report serves as a wake-up call for governments and organizations worldwide to strengthen their defenses against cyber threats and safeguard critical infrastructure from malicious actors.

Coinbase Chief Legal Officer asserts ETH as a commodity, challenging SEC's basis for rejecting ETH ETP application

Coinbase's Chief Legal Officer asserts that Ethereum (ETH) should be classified as a commodity rather than a security, challenging the U.S. Securities and Exchange Commission's (SEC) rationale for rejecting an Ethereum exchange-traded product (ETP) application. This assertion reflects ongoing debates surrounding the regulatory classification of cryptocurrencies and their associated investment products. The outcome of this legal dispute could have significant implications for the future regulation and adoption of Ethereum and other cryptocurrencies in the United States.

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