TL;DR

• In South Korea, individuals with virtual asset holdings exceeding 1 billion won make up 47% of the market's ultra-high-net-worth accounts.

• Harris voiced her backing for the cryptocurrency sector during a speech to donors in New York City.

• A team of anonymous developers forked the Samourai Wallet and introduced it as the open-source "Ashigaru" project.

• The number of active Ethereum network accounts has dropped to its lowest level since December 2023.

• Crypto venture capital firms have raised a collective $2.2 billion in new funds this year.

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Alpha of the Day

South Korea’s Ultra-Wealthy Crypto Whales Are Splashing Big

In South Korea, a staggering 47% of ultra-high-net-worth accounts, those with over 1 billion won (around $750,000), are tied up in virtual assets. That’s right—these crypto whales aren’t just making waves, they’re creating tsunamis in the South Korean market. With the sheer volume of money flowing through their accounts, it's clear that when the rich dive into digital assets, they dive deep. Who knew the ultimate flex for the 1% would be a hefty wallet of virtual coins instead of real estate or yachts?

Harris is All-In on Crypto, and NYC is Loving It

Kamala Harris threw her support behind the cryptocurrency space in a speech to New York City donors, and it wasn’t just a casual nod. She’s all in, folks. Picture this: Harris rallying a crowd of well-dressed donors, casually dropping lines about crypto like she’s been on Bitcoin since the Genesis block. As crypto continues its march into mainstream politics, it's no surprise that even the VP wants a slice of the blockchain pie. Seems like New York's moneyed elite was more than happy to hear it.

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Meet “Ashigaru”—Samourai Wallet’s Rebel Cousin

Anonymous devs have decided to shake things up by forking the famous privacy-focused Samourai Wallet and launching their own open-source project, cheekily named “Ashigaru.” Think of Ashigaru as the rebellious younger sibling—same DNA, but ready to take risks Samourai might shy away from. While it's still in its early stages, the crypto community is eager to see how this renegade wallet will evolve. Stay tuned, because things are about to get stealthy and open-source wild.

Ethereum’s Active Users Are on a Crypto Nap

Ethereum’s network just hit a new low in terms of active accounts, with numbers dropping to their lowest point since December 2023. It’s like everyone decided to collectively hit the “snooze” button on their ETH wallets. Maybe it’s the bear market blues, or maybe folks are just chilling and waiting for the next big thing. Either way, it’s an odd dip for a network that’s usually buzzing with activity. But hey, even the biggest blockchain needs a break, right?

Crypto VCs Are Still Balling, Raising $2.2 Billion This Year

Despite market turmoil, crypto venture capital firms are still raking it in, securing a jaw-dropping $2.2 billion in new funds this year alone. That’s right—while the rest of us debate whether we can afford avocado toast, crypto VCs are out here collecting billions like it's just another Tuesday. If anyone doubted the staying power of digital assets, this kind of fundraising should put that to rest. The future is crypto, and the VCs are betting big on it.

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Renzo Announces EIGEN Season 2, ezETH Stakers Rejoice

Renzo’s got good news for all you ezETH stakers out there: EIGEN Season 2 applications are officially open! If you’ve been staking your ezETH and feeling like you’re missing out on the action, now’s your time to shine. Season 2 promises to be bigger and better, with more rewards, opportunities, and all-around excitement. It’s like the sequel to your favorite movie, but with more crypto and fewer awkward love scenes.

U.S. Presidential Polls Highlight Crypto and Gender Gaps

Turns out, your stance on crypto might just depend on your gender—and it could even influence your pick for president. Recent polls show a noticeable split in how men and women view cryptocurrencies and how it’s playing out in the U.S. presidential race. While men seem more bullish on digital assets, women are a bit more cautious. Either way, crypto is now a key player in the political arena, making the next election even more unpredictable. Ready for the crypto candidate wars?

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