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  • Crypto Alpha, 27 May 2024

Crypto Alpha, 27 May 2024

Daily Alpha on All Things Crypto, Web3 and Blockchain

TL;DR

  • LayerZero: The witch complaint window will close within 24 hours.

  • Tornado Cash founders' lawyers are seeking to dismiss the lawsuit before trial.

  • Friend.tech co-founder hinted at leaving due to team issues with Base.

  • Victory Securities is optimistic about China easing rules for retail investors to trade virtual products.

  • Ordinals platform TurtSat seeks new teams to take over the project.

  • Hong Kong media: China's SEC may soon allow retail investors to access STOs and RWA investments.

  • Victory Securities: Virtual asset transactions nearly 20%; plans for security token issuance by year-end.

  • PEPE’s market value surpassed UNI, climbing to 19th place.

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Alpha of the Day

LayerZero: The Witch Complaint Window Will Close Within 24 Hours

LayerZero’s witch complaint window is about to slam shut in just 24 hours. That’s right, if you have any last-minute hexes, grievances, or supernatural beef to air out, now’s your chance. Think of it like the final round of customer service calls for wizards and witches—except instead of “Can I speak to your manager?” it’s more “Can I speak to your coven leader?” Whether it’s a misplaced spell or a botched potion, don’t miss your shot to get it sorted. After all, once the window closes, you might be stuck with that tail or those extra warts a bit longer than planned. So, grab your broomstick, dust off your complaints, and let LayerZero know what’s brewing!

Tornado Cash Founders' Lawyers Are Again Seeking to Dismiss the Lawsuit Before It Goes to Trial

In a twist more surprising than finding out your favorite celebrity is actually an alien, the lawyers for Tornado Cash founders are back at it, trying to make that lawsuit vanish before it even hits the courtroom. These legal wizards are hoping their latest magic trick will convince the judge to pull the plug on the trial. Picture it: a courtroom drama where the defense says, “Your honor, let’s just not,” and the case disappears like Houdini. It's like they're playing a high-stakes game of legal hide-and-seek, and they’re hoping the judge isn’t great at finding things. Will they succeed, or will the lawsuit stick around like glitter after a craft project? Stay tuned.

Friend.tech Co-founder Hinted at Potentially Leaving the Agreement Due to Team Issues with Base

Drama alert! The co-founder of Friend.tech just dropped a hint spicier than your favorite hot sauce: they might bail on the agreement due to some serious team friction with Base. Imagine your group project partner threatening to walk out the night before the presentation—yep, it’s that kind of vibe. The tension is thicker than a bowl of oatmeal, and the co-founder is not about that drama life. It’s like watching a reality show where you’re left wondering, “Will they stay or will they go?” Let’s hope they can patch things up, or we might witness the most epic business breakup since that guy left One Direction.

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Victory Securities: Very Optimistic About Mainland China’s Potential Relaxation of Rules to Allow Retail Investors to Trade Virtual Products Through Southbound Trading

Victory Securities is seeing rainbows and unicorns when it comes to mainland China potentially loosening up the rules for retail investors to dive into virtual products via Southbound Trading. They’re so optimistic, they probably have a “Hang in there!” cat poster in their office. Picture the excitement of telling your friends that soon, even your grandma could be trading virtual assets like a pro. It’s like opening the floodgates to a whole new world of investment opportunities. If China gives the green light, Victory Securities is ready to ride that wave all the way to the bank. Fingers crossed for some regulatory good vibes!

Ordinals Development Platform TurtSat: Is Looking for New Teams to Take Over the Project

Attention all developers and project enthusiasts! TurtSat, the platform for Ordinals development, is doing a bit of housecleaning and is on the hunt for new teams to take the reins. It’s like when your favorite band’s lead singer leaves, and they’re looking for fresh talent to keep the tunes coming. TurtSat wants some new blood to bring their magic and keep the project rolling. If you’ve ever dreamed of running the show, this might be your big break. Think of it as a techie version of The Voice, but with more coding and fewer chair spins. So, if you’re ready to take the stage, TurtSat is ready to hand over the mic.

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A Safe Web3

Hong Kong Media: The China Securities Regulatory Commission Recently Clarified That Security Token Offerings (STOs) and RWA Investments Might Soon Be Available to Retail Investors

Big news flash: the China Securities Regulatory Commission has hinted that security token offerings (STOs) and real-world asset (RWA) investments could soon be open to retail investors. It’s like hearing that your favorite VIP-only club might finally let you in. This move could revolutionize how regular folks invest, opening doors that were previously locked tighter than a billionaire’s vault. The excitement is palpable, with retail investors already dreaming of diversifying their portfolios like never before. Imagine the possibilities—STOs and RWAs for everyone! It’s a financial party, and you’re invited.

Victory Securities: Virtual Asset Transactions Make Up Nearly 20%, With Plans to Launch a Security Token Issuance Business by the End of the Year

Victory Securities is making moves, with virtual asset transactions now making up nearly 20% of their business. They’re like the cool kid on the block who just got even cooler, announcing plans to launch a security token issuance business by year’s end. It’s as if they’re saying, “Hey, we’re not just riding the wave, we’re creating it.” The anticipation is building faster than a line at a pop-up concert, and investors are ready to see what Victory Securities will drop next. If they pull this off, they might just become the rock stars of the virtual asset world.

PEPE’s Market Value Overtook UNI, Climbing to the 19th Spot

In a plot twist that no one saw coming, PEPE’s market value just leapfrogged UNI, landing it in the 19th spot. It’s like the underdog story of the century, with PEPE pulling a David and Goliath move on the crypto charts. People are buzzing, and the internet is having a field day with memes and gifs celebrating this unexpected victory. Who knew a token named after a meme could climb the ranks so fast? It’s like watching your friend’s garage band suddenly hit the big time. PEPE’s proving that sometimes, the little guy can pack a mighty punch.

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