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  • Crypto Alpha, 25 March 2024

Crypto Alpha, 25 March 2024

Daily Alpha on All Things Crypto, Web3 and Blockchain

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TLDR:

  • EU Committees Approve Ban on Anonymous Crypto Transactions via Hosted Wallets

  • BlackRock IBIT's Bitcoin Holdings Projected to Surpass Grayscale GBTC

  • Polygon zkEVM Experiences Downtime Due to Sequencer Issues

  • Do Kwon Transferred to Overseas "Reception Center" for Extradition

  • AIOZ Network Partners with Alibaba Cloud to Enhance Services

  • FTM Shows Strong Performance Ahead of Upgrade

  • Bitcoin Halving May Boost Prices Amidst Other Factors

  • RippleX Alerts Users to XRP Ledger's AMM Pool Issues

  • Goldman Sachs Hedge Fund Clients Increasing Activity in Crypto Options

  • Arbitrum Community Proposes MemeCoin Fund Establishment

  • Goldman's Hedge-Fund Clients Ramp Up Crypto Options Activity

  • Email Phishing Hits BlockFi and FTX with $5 Million Losses

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Alpha of the Day

EU Committees Approve Ban on Anonymous Crypto Transactions

EU committees give the nod to banning anonymous crypto transactions via hosted wallets, putting a damper on the wild, wild west vibe of the crypto world. It's like telling crypto users, "No more hiding behind your digital masks; it's time to show some ID!"

BlackRock IBIT Set to Surpass Grayscale GBTC

BlackRock IBIT's Bitcoin holdings are on track to outshine Grayscale GBTC within three weeks, making waves in the crypto scene like a new kid on the block stealing the spotlight from the veteran players. This impending shift in dominance could signify a changing of the guard in the institutional crypto investment landscape, with BlackRock IBIT poised to shake up the status quo.

Polygon zkEVM Faces Downtime Due to Sequencer Issues

Polygon's zkEVM hits a snag as downtime ensues due to issues with the blockchain sequencer, leaving users feeling like they're stuck in a digital waiting room with no end in sight. As frustrations mount and transactions are put on hold, the crypto community anxiously awaits updates, hoping for a swift resolution to get back to business as usual. This hiccup underscores the importance of robust infrastructure in decentralized platforms and serves as a reminder that even the most advanced technologies can encounter unforeseen challenges.

Polygon's zkEVM Mainnet Test Version Resumes Operations

After a brief hiatus, the mainnet test version of Polygon's zkEVM is back online. It's like hitting the reset button on your favorite video game – a momentary setback, but now we're ready to jump back into the action. With operations resumed, Polygon users can once again explore the potential of zkEVM, pushing the boundaries of decentralized finance and innovation in the crypto realm. It's time to pick up where we left off and continue the journey towards a decentralized future, one transaction at a time.

Do Kwon Transferred to Overseas "Reception Center" for Extradition

Do Kwon, the central figure in a legal saga, finds himself relocated to an overseas "reception center" as extradition proceedings unfold. It's like being stuck in a real-life game of cat and mouse – except this time, there's no respawn button. As the legal drama unfolds, the crypto community watches with bated breath, wondering what twists and turns await in this high-stakes saga. Will Do Kwon emerge victorious, or will he become another cautionary tale in the wild west of crypto regulation?

AIOZ Network Partners with Alibaba Cloud to Enhance Services

AIOZ Network joins forces with Alibaba Cloud to elevate AI, storage, and streaming services to new heights. It's like combining peanut butter and jelly – a perfect blend of complementary flavors that takes things to the next level. With Alibaba Cloud's powerhouse infrastructure and AIOZ Network's innovative approach, users can expect a seamless and lightning-fast experience in the digital realm. This partnership marks a significant milestone in the evolution of decentralized services, paving the way for a future where efficiency and scalability reign supreme.

FTM Shows Strong Performance Ahead of Upgrade

FTM dazzles investors with robust performance ahead of an impending upgrade, stealing the spotlight in the crypto market. It's like watching a rising star steal the show before the main act even takes the stage. With anticipation building for the upcoming upgrade, FTM's performance serves as a testament to its potential and the confidence of its community. As investors eagerly await the next chapter in FTM's journey, the crypto world braces for what could be a game-changing development in decentralized finance.

Bitcoin Halving's Potential Impact

Bitcoin's halving event creates suspense as experts debate whether it will send prices skyrocketing or crashing, leaving everyone on the edge of their seats like fans watching a nail-biting sports match. Whether it's a moonshot or a crash landing, one thing's for sure – the crypto world is in for a wild ride, and buckle up, because volatility is the name of the game.

RippleX Alerts on XRP Ledger Issues

RippleX warns users about technical issues in the XRP ledger's AMM pool, sounding the alarm bells and urging caution in the unpredictable world of crypto. With the stakes higher than ever, users are advised to tread carefully and stay informed, as navigating the crypto waters can be treacherous without a sturdy compass. In the midst of uncertainty, RippleX's transparency and proactive approach offer a beacon of hope for those navigating the choppy seas of decentralized finance.

Goldman Sachs Hedge Fund Clients Get Active in Crypto Options

Goldman Sachs's hedge fund clients dive headfirst into crypto options, like thrill-seekers hopping on a rollercoaster ride, ready for the adrenaline rush of crypto trading. With seasoned traders and newbies alike joining the fray, the crypto market becomes a bustling arena where fortunes are won and lost in the blink of an eye. As the Wall Street giant opens the door to crypto options, it's a clear sign that digital assets have firmly planted their flag in the world of traditional finance.

Slow Mist Report Shows Encryption Field Losses

Slow Mist's security report reveals staggering losses of over $11.4 million in the encryption field, sending shivers down the spines of crypto investors like characters in a cyberpunk dystopia. As the dark underbelly of the crypto world is exposed, investors are reminded of the inherent risks lurking in the shadows of decentralized finance. With cyber threats looming large, fortifying defenses and implementing robust security measures become paramount in safeguarding digital assets from the clutches of cybercriminals.

Unlock Data Indicates Big Releases for OP, PRIME, and YGG

This week's unlock data reveals major releases for OP, PRIME, and YGG, like unlocking a treasure chest and revealing the hidden riches within. As the floodgates open and tokens are unleashed into the market, investors eagerly anticipate the potential price movements and opportunities for profit. With excitement building and speculation running rampant, it's a moment of reckoning for token holders as they brace for the impact of these sizable unlocks on the crypto landscape

Arbitrum Community Proposes MemeCoin Fund

The Arbitrum community pitches the idea of a MemeCoin fund, embarking on a quest for digital laughter and potential riches in the world of crypto memes. With memes becoming the currency of the internet age, this fund could be the ticket to turning online jokes into serious profits. As investors ponder the viability of meme-based investments, the crypto community eagerly awaits the outcome of this whimsical yet potentially lucrative venture.

Goldman's Hedge Fund Clients Ramp Up Crypto Options Trading

Goldman Sachs's hedge fund clients dive deeper into crypto options trading, like high-rollers at a casino, placing their bets on the future of digital assets. With the stakes higher than ever, these institutional players are not just dipping their toes but diving headfirst into the crypto pool. As Goldman Sachs facilitates their foray into the volatile world of crypto options, it's a testament to the growing acceptance and mainstream adoption of digital currencies.

Email Phishing Schemes Lead to $5M Losses for BlockFi and FTX

Email phishing schemes targeting BlockFi and FTX users result in hefty losses exceeding $5 million, like a digital fishing expedition that reels in unsuspecting crypto enthusiasts. As cybercriminals cast their nets far and wide, unsuspecting victims find themselves hooked by deceptive emails luring them into a trap. With losses piling up, it's a stark reminder that in the wild west of crypto, vigilance and cybersecurity are paramount to safeguarding one's digital assets.

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