TL;DR

• A Bloomberg analyst predicts the U.S. SEC will approve the 19b-4 document for the spot Ethereum ETF by Wednesday.

• According to SBI VC Trade CEO, BTC denominated in Japanese yen has reached a new high.

• The U.S. Bitcoin spot ETF saw an inflow of US$235 million yesterday.

• TVB bridged on the Base chain has surpassed 600,000 ETH.

• Atomics Protocol will soon upgrade some ARC20 token coloring protocols.

• The founder of BitMEX predicts that the U.S.-Japan currency swap may trigger a cryptocurrency surge, potentially pushing Bitcoin to US$1 million.

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Alpha of the Day

SEC Green Light for Ethereum ETF?

A Bloomberg analyst has thrown us a bone, predicting that the U.S. SEC will approve the 19b-4 document for the spot Ethereum ETF by Wednesday. It's like waiting for your favorite band's concert tickets to drop, but with less moshing and more money. If the prediction holds true, this move could send ripples through the crypto market faster than you can say "HODL." Everyone's crossing their fingers, toes, and whatever else they can cross because this approval could be a game-changer for Ethereum enthusiasts everywhere.

Yen-High BTC

According to the SBI VC Trade CEO, BTC denominated in Japanese yen has hit a new high, and no, that's not just a haiku. The Land of the Rising Sun seems to be waking up to Bitcoin in a big way, pushing its value in yen through the roof. It's like watching Godzilla rampage through Tokyo, but instead of destruction, there's just a lot of digital gold changing hands. This could signal a broader trend of increased adoption and trust in Bitcoin within the Japanese market, giving crypto traders a reason to practice their origami – folding some yen into crypto investments.

Bitcoin ETF Bonanza

The U.S. Bitcoin spot ETF just had an inflow of a whopping US$235 million yesterday. That's like winning the lottery, but instead of a shiny new car, you get a digital asset that's a rollercoaster of emotions. This massive inflow indicates a surge in investor confidence and interest, suggesting that Bitcoin is becoming the cool kid in the financial playground once again. So, if you've got some spare change lying around, it might be time to consider joining the Bitcoin ETF party.

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Reward Checker, Activated!

The IOG Foundation has just launched the reward eligibility checker on their website at io.net, and it’s kind of like finding out if you've won the golden ticket to Willy Wonka's factory, but for crypto rewards. Users can now easily check if they're eligible for any sweet digital goodies without the hassle of digging through the blockchain equivalent of fine print. It's a user-friendly tool designed to make your crypto life a bit easier, and let's face it, we could all use a little more ease in the wild world of digital assets.

SEC's Ethereum Balancing Act

Galaxy Research Director suggests that the SEC might finally figure out the delicate dance of Ethereum ETF approval, recognizing that ETH itself isn't a security, but staked ETH might be. It's like trying to convince your parents that your pet rock isn’t really a pet, but if you paint it and give it a name, it kind of is. This nuanced approach could pave the way for more regulatory clarity and potentially open the doors for Ethereum ETFs, making it easier for everyone to jump on the ETH bandwagon without the legal jitters.

TVB's ETH Milestone

TVB bridged on the Base chain has surpassed a mind-blowing 600,000 ETH. Imagine stacking that much ETH – you'd need a pretty big closet. This milestone showcases the increasing trust and usage of the Base chain, proving that it's more than just a fancy name. As more ETH flows through, the Base chain is cementing its place in the crypto ecosystem, making waves bigger than those in a pool party hosted by a whale.

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A Safe Web3

ARC20 Protocols Get a Makeover

Atomics Protocol is gearing up to upgrade some ARC20 token coloring protocols, and it’s like giving your favorite old-school video game a high-def remaster. These upgrades promise to enhance the functionality and versatility of ARC20 tokens, potentially making them the belle of the DeFi ball. With these changes, users can expect smoother transactions and possibly some nifty new features, making their crypto experience just a bit more colorful and efficient.

GALA's FBI Friends

The founder of Gala Games is on a mission, assuring everyone that the GALA Ethereum contract is as secure as Fort Knox and they're working with the FBI and other agencies to track down attackers. It's like an episode of CSI: Crypto Scene Investigation, where the good guys are hot on the trail of the digital baddies. This collaboration aims to beef up security and reassure the community that their digital assets are in safe hands, proving that even in the wild west of crypto, law and order still prevail.

Bitcoin's Million-Dollar Dream

The founder of BitMEX has made a bold prediction: the U.S.-Japan currency swap might trigger a massive surge in cryptocurrency, potentially pushing Bitcoin to a jaw-dropping US$1 million. It's the kind of prediction that makes you want to check your wallet and dream of yachts and private islands. While it sounds like the plot of a sci-fi movie, this prediction underscores the potential impact of international financial maneuvers on the crypto market. So, if you believe in Bitcoin's million-dollar dream, now might be the time to buckle up and enjoy the ride.

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