TL;DR

• Farallon Capital invested $85.2 million in GBTC.

• LayerZeroLabs will soon reopen applications for the Witch Bounty program.

• Dogecoin's market value has exceeded that of China Minsheng Bank.

• Swan Bitcoin CEO says Nvidia stock won't beat Bitcoin's return over the next decade.

• The percentage of long-term Bitcoin holders has reached a record high.

• VAEX withdrew its application for a Hong Kong virtual asset trading platform license on May 24.

• Hong Kong Securities and Futures Commission has no comment on collateralized Ethereum ETFs.

• Ethereum’s 188th ACDE meeting will discuss Pectra upgrade details and scope changes.

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Alpha of the Day

Bitcoin and Pizza: A Slice of the Future

Pizza Hut in El Salvador has taken a delicious step into the future by now accepting Bitcoin payments. Imagine ordering your pepperoni pizza and paying with your digital wallet instead of fumbling for cash or a card. It's like living in a sci-fi movie, but with extra cheese. This move is part of El Salvador's bold embrace of Bitcoin, making everyday transactions smoother for crypto enthusiasts. Now, you can say "hold the anchovies" and "send the Bitcoin" in one seamless transaction. Satoshi Nakamoto would be proud.

Farallon Capital’s Crypto Splash

In a bold move that screams, "We're in it for the long haul," Farallon Capital has revealed an $85.2 million investment in GBTC. That's right, one of the largest hedge funds is diving deep into the crypto pool, showing just how serious traditional finance is getting about Bitcoin. It's like Wall Street saying, "Yeah, we've got our suits on, but we're ready to party in the blockchain club." This massive investment signals growing confidence in Bitcoin's potential to reshape the financial landscape.

LayerZeroLabs Reopens the Witch Hunt

Get ready, bounty hunters! LayerZeroLabs is about to reopen applications for its Witch Bounty program. If you fancy yourself a digital detective or a crypto crusader, this is your chance to shine. The Witch Bounty program is like a treasure hunt but for cybersecurity experts, aiming to uncover and squash vulnerabilities in the blockchain. So, dust off your wizard hats and get those magic spells ready, because the hunt for digital witches is back on, and the rewards are spellbinding.

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Dogecoin Dethrones a Bank

In a twist that would make even the Joker laugh, Dogecoin's market value has now surpassed that of China Minsheng Bank. Yes, the meme coin that started as a joke is now worth more than a major financial institution. It's like watching your class clown become a billionaire entrepreneur while everyone's still figuring out how to balance their checkbooks. This milestone is a testament to the unpredictable and often hilarious world of cryptocurrencies.

Swan Bitcoin CEO Disses Nvidia

In a bold and cheeky statement, the CEO of Swan Bitcoin declared that the chances of Nvidia stock outperforming Bitcoin over the next decade are "almost zero." It's like throwing down the gauntlet in a high-stakes game of digital finance. With Bitcoin's history of dramatic rises (and falls), this prediction stirs the pot and gets everyone guessing. Will Bitcoin continue its meteoric ascent, leaving Nvidia in the dust? Only time will tell, but for now, it's game on.

Bitcoin Holders: The Diamond Hands Club

Bitcoin holders are showing some serious diamond hands, with the percentage of those holding for three years or more hitting an all-time high. These long-term investors are like the Gandalf of crypto: "You shall not pass!" through their wallets. It's a sign of strong conviction in Bitcoin's future, as these hodlers weather the storms of volatility without flinching. So, here's to the steadfast believers who hold on through thick and thin, waiting for their digital gold to shine.

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A Safe Web3

VAEX Bows Out of Hong Kong

VAEX has pulled a disappearing act, withdrawing its application for a virtual asset trading platform license in Hong Kong on May 24. It's like showing up to a party, looking around, and deciding it's not your scene. This move leaves many wondering what the future holds for VAEX and whether they'll try their luck in a more crypto-friendly environment. For now, it's a missed connection in the bustling Hong Kong crypto scene.

Ethereum ETFs: No Comment Zone

The Hong Kong Securities and Futures Commission is playing it coy with no comments on considering collateralized Ethereum ETFs. It's like when someone says, "I can't confirm or deny," leaving everyone guessing and speculating. While the crypto community waits with bated breath, the lack of a clear stance keeps the intrigue alive. Will Hong Kong take the plunge into Ethereum ETFs, or is it just another regulatory mirage? Stay tuned.

Ethereum’s Pectra Upgrade: Nerd Alert!

Ethereum’s 188th ACDE meeting is diving into the nitty-gritty details of the Pectra upgrade. It's like a nerdy conference where the coolest kids discuss blockchain scalability and security enhancements. This upgrade aims to make Ethereum faster, more efficient, and even more attractive to developers. So, grab your virtual popcorn and stay tuned, because these tech wizards are cooking up some serious blockchain magic.

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