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  • Crypto Alpha - 25 September 2024

Crypto Alpha - 25 September 2024

Daily Alpha on All Things Crypto, Web3 and Blockchain

TL;DR

  • Stepn has partnered with Adidas to launch the Genesis Sneakers NFTs.

  • Telegram will now provide user IP addresses and phone numbers to authorities upon request.

  • Bitcoin's price target has risen to $78K after China’s government introduced a stimulus package.

  • Ireland is looking to adopt MiCA regulations to democratize finance using crypto.

  • New addresses on TON DEX platforms like STON.fi and DeDust have surged significantly.

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Alpha of the Day

Sneakerheads, Meet NFTs: Stepn and Adidas Team Up

Stepn has laced up its sneakers and sprinted into the world of fashion by partnering with Adidas to launch the Genesis Sneakers NFTs. Think of it as a digital sneaker drop, but for the blockchain crowd. This collab is more than just flexing in the metaverse—it’s a real step forward (pun intended) in merging sneaker culture with Web3 tech. Get ready to see sneakerheads now flex their Adidas NFTs like they do their Yeezys. The only difference? These kicks live on the blockchain and, well, never wear out.

Telegram Just Became a Narc, Sort of

In a not-so-encrypted move, Telegram has decided to start handing over user IP addresses and phone numbers to authorities upon request. If you thought you were sliding into DMs anonymously, think again. This update is probably great news if you’re a law enforcement officer, but for those who valued the app for its privacy vibes—let’s just say it’s time to start choosing those usernames wisely. So yeah, better keep that burner phone close, because Big Brother is officially in your Telegram chats.

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China Stimulates, Bitcoin Celebrates

Bitcoin enthusiasts are rubbing their hands with glee as the cryptocurrency's price target shoots up to a cool $78K. Why the optimism? China’s government dropped a stimulus package, and that’s like ringing the dinner bell for Bitcoin bulls. Whenever China does something economic, crypto reacts faster than you do when you realize you forgot to plug in your phone overnight. With a potential $78K on the horizon, the crypto community is gearing up to see if they can actually afford a Tesla soon.

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Ireland Wants to Level Up with Crypto

Ireland is taking a shot at democratizing finance, and crypto’s about to play a starring role. The country is looking to adopt MiCA (Markets in Crypto-Assets) regulations, a move aimed at making financial systems more accessible and inclusive through digital assets. So, whether you're a crypto noob or seasoned hodler, Ireland's trying to create a space where everyone can get in on the action—legally, of course. Think of it like a pub, but instead of pints, you're trading tokens.

TON DEXs Are Getting Packed—But Virtually

Decentralized exchanges (DEXs) on the TON blockchain, such as STON.fi and DeDust, are experiencing a massive influx of new addresses. This is like a house party getting gate-crashed—TON DEXs are seeing more users flood in to trade, stake, and swap. As more addresses pop up, the question is: who’s going to be the life of the party? Whether you're a crypto whale or a guppy, TON’s platforms are buzzing like it’s 2009 all over again—only this time, the party’s on-chain.

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