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- Crypto Alpha - 24 December 2024
Crypto Alpha - 24 December 2024
Daily Alpha on All Things Crypto, Web3 and Blockchain
TL;DR
A Flood of USDC: Hyperliquid Breaks Records
South Korea Hits the Snooze Button on Crypto Taxes
Forbes Predicts the Future of Crypto: Spoiler Alert, It’s Trendy
Grayscale Keeps the SEC Busy with ZEN Trust Filing
Lazarus Strikes Again: The DMM Bitcoin Heist
Philippine SEC Goes Crypto-Crunchy
MicroStrategy’s 21/21 Strategy Gets a Spotlight
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Alpha of the Day
A Flood of USDC: Hyperliquid Breaks Records
Hyperliquid just pulled a Houdini act with over $112 million USDC vanishing in a single day. Yesterday’s outflows set a new record for the platform, leaving crypto sleuths scratching their heads. Is this a mass exodus or just some big players rebalancing their portfolios? Either way, it’s like watching a digital bank run in real time. The crypto world thrives on drama, and Hyperliquid just handed us a fresh plot twist. Whether this signals caution or just typical crypto shenanigans, one thing’s for sure: the blockchain never sleeps, and neither do the folks tracking it.
South Korea’s Acting President just became every crypto investor’s favorite politician—for now. With tax reforms on the agenda, including a two-year delay on crypto taxation, hodlers can breathe a temporary sigh of relief. It’s like getting an extension on your term paper but with way more financial stakes. The move is being seen as a way to nurture innovation in the crypto sector, but skeptics wonder if it’s just kicking the can down the road. Either way, the South Korean crypto crowd is likely celebrating this win with some kimchi and blockchain talk.
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Forbes Predicts the Future of Crypto: Spoiler Alert, It’s Trendy
Forbes dropped an article forecasting seven game-changing trends for the crypto world in 2025, and it’s as juicy as a cliffhanger episode of your favorite show. From blockchain-powered green initiatives to AI integration, the future looks futuristic (shocker, right?). The report dives into everything from DeFi 3.0 to tokenized assets, painting a picture of an industry that's still just getting started. Whether these predictions are spot on or overly optimistic, they’re giving everyone plenty to talk about.
Grayscale Keeps the SEC Busy with ZEN Trust Filing
Grayscale is at it again, filing its Grayscale Horizen Trust (ZEN) Form 8-K with the U.S. SEC. The submission is like a “look at us, we’re legit” shout-out to regulators. With Grayscale making moves to expand its trust offerings, it’s clear the company isn’t hitting the brakes anytime soon. While some see this as another step toward mainstream crypto adoption, others can’t help but roll their eyes at the endless SEC filings. Either way, Grayscale stays on its grind, and the SEC stays reading their paperwork.
Lazarus Strikes Again: The DMM Bitcoin Heist
Japan’s Police Agency confirmed that the infamous Lazarus Group is behind the theft of 4,502.9 BTC from DMM Bitcoin. If there’s a James Bond of cybercrime, it’s these guys. With a track record of high-profile hacks, Lazarus keeps proving they’re the bad guys we hate to admire. This latest theft, worth millions, has reignited debates about security in crypto exchanges. If anything, it’s a reminder that no matter how high-tech your system is, someone’s always trying to outsmart it.
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Philippine SEC Goes Crypto-Crunchy
The Philippine SEC just introduced a new rulebook for crypto asset management, and it’s stricter than your mom when you miss curfew. Covering everything from disclosures to trading practices, the guidelines aim to bring more order to the country’s crypto scene. While some hail it as a step toward greater transparency, others see it as yet another hurdle for innovation. Either way, the Philippine crypto market just got a lot more official—and maybe a little less wild west.
MicroStrategy’s 21/21 Strategy Gets a Spotlight
MicroStrategy is calling a special shareholder meeting, and it’s not just for free snacks. The agenda? Voting on major proposals, including accelerating the company’s 21/21 strategy. For a firm that practically lives and breathes Bitcoin, this meeting could set the stage for its next big move. Investors are eager to see what’s next, as MicroStrategy continues to redefine what it means to be a publicly traded crypto advocate. If nothing else, it’s another headline moment for the company that never stops stacking sats.
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Daily #Crypto Alpha | December 24 2024… x.com/i/web/status/1…
— WAGMI | Crypto, DeFi & Web3 News (@wagmiglobal_)
3:57 PM • Dec 24, 2024
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