TL;DR

• Telegram’s wallet has temporarily restricted access for UK users amid a restructuring process.

• A recent report on the Trump rally assassination attempt reveals several mistakes made by the U.S. Secret Service.

• Curve is considering dropping TUSD as collateral for crvUSD due to concerns following the SEC’s allegations.

• SEC Chair Gary Gensler announced in his House testimony that fines and recoveries for fiscal year 2023 totaled $4.9 billion.

• Initia raised $14 million in Series A funding, now valued at $350 million.

• El Salvador’s president affirmed that the country will not suppress opinions or seize property over differing viewpoints.

• The judge backs the SEC’s claim that Green Boxes qualify as securities.

• PayPal now allows U.S. merchants to buy, hold, and sell cryptocurrencies directly through their business accounts.

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Alpha of the Day

UK Users, You’re Out: Telegram’s Wallet Pauses Access

If you're in the UK and love using Telegram's wallet, you might want to sit down. The platform has temporarily hit the pause button on access for British users, citing a "restructuring process." It’s like when a store closes for “renovations,” but you secretly wonder if it’ll ever open again. While the details remain vague, it’s clear that UK users are left with empty wallets – figuratively, of course. This move comes amid Telegram’s quest to navigate regulatory challenges, proving once again that crypto life is never without drama.

U.S. Secret Service: Oops, We Did It Again

The recent investigation report on the assassination attempt during a Trump rally reads like a thriller, but with fewer plot twists and more embarrassing mistakes. Turns out, the U.S. Secret Service didn’t exactly nail their job that day. From security lapses to delayed responses, the report paints a picture of what happens when "secret" becomes "sloppy." It’s like trying to keep a house party under control but forgetting to lock the front door – not exactly what you'd expect from the people guarding a former president.

Curve Weighs Booting TUSD After SEC Drops a Bomb

Curve Finance is currently contemplating whether to kick TUSD to the curb as collateral for crvUSD. Why, you ask? Well, it has something to do with the SEC's latest allegations that have everyone in crypto on edge. It's like when your friend gets accused of something shady, and now you're not sure if you should still lend them money. With regulators breathing down everyone’s necks, Curve is playing it safe, considering whether it’s time to say, "Thanks, but no thanks," to TUSD.

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SEC’s Gensler Drops the Mic: $4.9 Billion in Fines and Recoveries

When Gary Gensler takes the mic, you know something big’s coming. In his latest House testimony, the SEC Chair announced that fiscal year 2023 saw a whopping $4.9 billion in fines and recoveries. That's right, nearly $5 billion – making the SEC look more like a bounty hunter than a regulator. It’s like they went on a collection spree, ensuring that bad actors in the financial world had to pay up. Moral of the story? Don’t mess with Gensler unless you’ve got a spare billion lying around.

Initia Raises $14M, Valuation Hits $350M: No Big Deal

In what seems like another day in crypto, Initia just closed its Series A funding round with a cool $14 million in the bank, bringing its total valuation to a jaw-dropping $350 million. That’s right, these guys are rolling in it. With this new injection of cash, Initia is ready to expand and conquer new territories. It's like starting a lemonade stand that somehow turns into a multinational conglomerate. Investors are clearly excited, and so are we, waiting to see what’s next on their shopping list.

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El Salvador’s President: Free Speech for All, No Property Grabs Here

President Bukele of El Salvador just made it clear – his government won’t be censoring opinions or snatching up property, no matter how much they disagree with you. It’s the kind of promise that makes you breathe a sigh of relief in a world where crackdowns are all too common. Picture this: You can tweet, shout, or even meme your thoughts without worrying that someone will take your house. Looks like Bukele’s trying to keep things democratic while still riding the Bitcoin wave.

Green Boxes Are Securities? Judge Says Yes

In a decision that probably had some crypto investors sweating, a judge has officially backed the SEC’s claim that Green Boxes qualify as securities. Yep, looks like the SEC won this round. It’s like when your teacher tells you your science project doesn’t just get a grade, it gets a citation. Investors in Green Boxes might want to rethink their strategies, as this ruling could open the door to more regulatory oversight. But hey, rules are rules, right?

PayPal Merchants Can Now Flex Crypto

U.S. merchants using PayPal are about to level up, with the platform now allowing businesses to buy, hold, and sell cryptocurrencies directly through their accounts. It's like giving your favorite store a secret superpower. PayPal’s move is a big win for crypto enthusiasts, making it easier for businesses to dip their toes into the world of digital assets. Who knows, maybe the next time you buy a coffee, you'll be paying with Bitcoin – because why not?

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