TL;DR

• CoinStats was hacked, impacting 1,590 crypto wallets; users should transfer funds immediately.

• The Hong Kong Spot Bitcoin ETF holds approximately 3,842 BTC.

• LayerZero's daily trading volume has dropped over 95% from its peak.

• The U.S. classifies seized cryptocurrencies as “non-monetary property.”

• Global Bitcoin ETFs collectively hold 1.029 million BTC.

• Encryption startup PQShield raised $37 million in Series B funding.

• BlackRock, Grayscale, and MicroStrategy are the top three Bitcoin holders globally.

• Helius CEO announced ZK compression for Solana, enhancing network scalability.

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Alpha of the Day

CoinStats Hack: Crypto Wallets in Jeopardy

In a move straight out of a cyber thriller, CoinStats got hacked, putting 1,590 crypto wallets at risk. Users are now scrambling like it’s a Black Friday sale, urged to transfer their funds immediately to avoid becoming the next victim. The irony? Your digital fortress turned out to be as secure as a house of cards. So, if you're one of those affected, it's time to play the crypto version of musical chairs before the music stops.

Hong Kong’s Bitcoin ETF Flex: Holding 3,842 BTC

The Hong Kong Spot Bitcoin ETF is flexing its digital muscles, holding a hefty 3,842 BTC. It's like the ETF equivalent of Scrooge McDuck’s money vault, except with Bitcoin. This shows Hong Kong is serious about diving into the crypto pool, wearing the biggest floaties they can find. With numbers like these, it’s clear they're not just dipping a toe in—they’re doing cannonballs.

LayerZero: From Hero to Zero

Remember when LayerZero was the rockstar of crypto trading volumes? Well, those days are gone. Its daily trading volume has nosedived by over 95% from its peak. It’s like watching your favorite band go from selling out stadiums to playing in your neighbor’s garage. The reasons? Market shifts, competition, or maybe everyone just got bored. Whatever the cause, it's a steep fall from grace.

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Uncle Sam Says: Crypto Seizures Aren’t Money

The U.S. Federal Accounting Standards Advisory Committee has decided that seized cryptocurrencies are “non-monetary property.” Translation: Uncle Sam thinks your crypto stash is more like a fancy collectible than actual money. It’s the equivalent of them saying your Beanie Babies collection isn't real currency either. This classification could shake things up for how seized assets are handled in the future.

Global Bitcoin ETFs: Million BTC Milestone

Global Bitcoin ETFs have collectively hit the jackpot, holding a total of 1.029 million BTC. That’s right, we’ve reached the millionaire’s club in the Bitcoin ETF world. It's like the crypto community just hit a new high score. This milestone is a testament to the growing acceptance and adoption of Bitcoin in mainstream finance. Next stop: world domination.

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PQShield: $37 Million for Cybersecurity Awesomeness

PQShield just bagged $37 million in Series B funding, proving that even in the wild west of crypto, security still sells. This encryption security startup is on a mission to make sure your digital assets are safer than your grandma’s secret cookie recipe. With this new funding, PQShield plans to level up its game, making cyber ninjas out of its team to fend off any would-be hackers.

Bitcoin’s Big Three: BlackRock, Grayscale, and MicroStrategy

When it comes to Bitcoin holdings, BlackRock, Grayscale, and MicroStrategy are the undisputed champs. These three are sitting on a mountain of digital gold, showing everyone else how it’s done. It’s like they’re playing a high-stakes game of Monopoly, and they just bought all the prime real estate. Their massive holdings highlight their faith in Bitcoin’s future, putting their money where their mouth is—literally.

Solana Gets a Boost: ZK Compression Incoming

Helius CEO just announced that ZK compression is coming to Solana, and it’s a game-changer. Think of it as giving Solana a superhero upgrade, with scalability that's about to go through the roof. This move is set to make the network faster and more efficient, turning it into the Flash of the crypto world. So, buckle up, Solana users—your ride’s about to get a lot smoother.

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