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  • Crypto Alpha, 26 May 2024

Crypto Alpha, 26 May 2024

Daily Alpha on All Things Crypto, Web3 and Blockchain

TL;DR

  • Crypto Job Boom: Over 1,200 Openings Announced

  • High Costs Cause Virtual Asset Platforms to Bail on Hong Kong

  • Whale Alert: 252.4 Billion PEPE Transferred from OKX

  • Malaysian Police Bust Crypto Money Laundering Ring

  • Trump Gives Crypto a Thumbs Up

  • Opinion: Ethereum ETF Approval Trumps Bitcoin's

  • USDC Issuance on NEAR Chain Hits $200 Million Milestone

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Alpha of the Day

Crypto Job Boom: Over 1,200 Openings Announced

It looks like the crypto job market is hotter than a jalapeño! Leading cryptocurrency exchanges have just announced over 1,200 job openings. Yes, you read that right. If you've ever dreamed of blending your love for blockchain with a paycheck, now's your chance. From developers to marketers, and analysts to customer support, the opportunities are as diverse as a meme coin portfolio. So, polish up that resume, practice your “HODL” speech, and get ready to dive into the world of digital assets. Who knows? Your next boss might just be Satoshi himself!

High Costs Cause Virtual Asset Platforms to Bail on Hong Kong

In a plot twist worthy of a financial thriller, the former Chairman of the Hong Kong Computer Chamber of Commerce revealed that high costs are pushing international virtual asset platforms to withdraw their license applications. Think of it as trying to afford rent in Manhattan while working a minimum wage job. These platforms are saying "no thanks" to Hong Kong's pricey regulations and are looking for more wallet-friendly jurisdictions. It's a classic case of "it's not you, it's your sky-high operating expenses." Will Hong Kong find a way to woo them back, or will these platforms swipe right on cheaper pastures?

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Whale Alert: 252.4 Billion PEPE Transferred from OKX

In the latest episode of “Crypto Whales Doing What They Do Best,” a new address just transferred a whopping 252.4 billion PEPE from OKX. That’s right, 252.4 billion – with a B. This transaction happened just 7 hours ago and has the crypto community buzzing like a bee on a sugar rush. Is it a whale making moves, or just another day in the wild west of decentralized finance? Either way, keep your eyes peeled for any sudden shifts in the PEPE market. And remember, in crypto, even the frogs can become princes.

Malaysian Police Bust Crypto Money Laundering Ring

Move over Hollywood, Malaysian police just busted a real-life crypto crime ring. They uncovered a money laundering scheme, seizing 18 luxury cars and freezing $10.8 million in bank accounts. Picture this: Lamborghinis, Ferraris, and Bentleys all lined up, while culprits are left scratching their heads. It’s like the “Fast and Furious” meets “The Big Short.” With the crypto world’s reputation at stake, it's a reminder that not all that glitters is digital gold. Kudos to the Malaysian police for putting the brakes on this high-speed crypto heist!

Trump Gives Crypto a Thumbs Up

Love him or loathe him, Trump has expressed a positive and open-minded stance towards cryptocurrency companies and related industries. In a surprising twist, the former president is showing the crypto world some love, potentially swaying the opinions of his many followers. Whether it's about diversifying the economy or just keeping up with the times, Trump’s nod could mean more mainstream acceptance. So, get ready for a potential surge in "Make Crypto Great Again" hats and a new wave of enthusiasts joining the digital gold rush.

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A Safe Web3

Opinion: Ethereum ETF Approval Trumps Bitcoin's

Here's a hot take that'll make your crypto debates even spicier: The approval of a US spot Ethereum ETF is more significant than a spot Bitcoin ETF approval. Why? Because Ethereum is like the Swiss Army knife of blockchains, offering more than just a store of value. It powers decentralized apps, smart contracts, and much more. An Ethereum ETF would not only validate its versatility but also attract a broader range of institutional investors. So, next time someone says Bitcoin is king, hit them with the ETF argument and watch the sparks fly.

USDC Issuance on NEAR Chain Hits $200 Million Milestone

USDC is making it rain on the NEAR chain, surpassing a whopping $200 million in native issuance. It’s like watching a startup go from garage to unicorn status overnight. This milestone not only highlights the growing trust in USDC but also puts the NEAR chain on the map as a major player in the blockchain world. So, if you’ve been sleeping on NEAR, it’s time to wake up and smell the crypto. With numbers like these, who knows what’s next? Maybe NEAR will become the next household name in decentralized finance.

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