• WAGMI
  • Posts
  • Crypto Alpha, 29 August 2024

Crypto Alpha, 29 August 2024

Daily Alpha on All Things Crypto, Web3 and Blockchain

TL;DR

  • NFL players have filed a lawsuit against DraftKings, claiming the company owes them nearly $65 million in unpaid earnings.

  • The CEO of Telegram is under investigation in Switzerland after his ex-partner accused him of abusing their young son.

  • Blockchain game developer double jump.tokyo Inc. has completed a Series D financing round, raising over $10 million, with SBI Investment leading the funding.

  • ParaFi Capital has successfully raised $120 million to invest in shares of other cryptocurrency funds.

Grab Your 7 Day Free Trial

You're invited to upgrade your subscription to our Premium membership with a 7 day FREE trial!

No catches. No strings attached. Just pure crypto alpha to get you ahead!
Upgrade now for:

Ad-Free Experience 🚫👀
Weekly News Summary 📰🔥
Weekly Market Summary 💸📈
Weekly Airdrop Summary 🎁💎

All for just $15/month after the trial.
Don't miss out! Get your FREE trial today 👇

Alpha of the Day

Touchdown Trouble: NFL Players Take on DraftKings for $65 Million

In a Hail Mary pass to the court system, a group of NFL players has decided they’ve had enough of DraftKings playing defense with their money. The players are suing the fantasy sports giant, alleging that the company has stiff-armed them out of nearly $65 million in payments. The lawsuit claims DraftKings fumbled their earnings, leaving them high and dry when it was time to cash in. It seems the real game is off the field, and these athletes are ready to tackle the issue head-on. DraftKings better tighten up that offensive line—legal battles don’t come with a referee.

Telegram CEO in Hot Water: Ex-Partner’s Accusations Spark Swiss Investigation

In a plot twist that rivals any espionage thriller, the CEO of Telegram has found himself under investigation in Switzerland after his ex-partner accused him of child abuse. Allegations involving the mistreatment of their young son have put him in the crosshairs of Swiss authorities, adding a personal drama layer to his tech mogul persona. While Telegram might be all about secure communication, this situation is anything but private. As the investigation unfolds, the CEO’s next moves will be closely watched—especially by those who enjoy a good real-life cliffhanger.

Receive weekly Bitcoin summaries with news, insights and analysis on all things Bitcoin, all for free.

Leveling Up: double jump.tokyo Scores $10 Million in Series D Funding

In a power-up that would make any gamer proud, blockchain game developer double jump.tokyo Inc. just hit the jackpot with over $10 million in Series D financing. The investment round, led by SBI Investment, is set to push their game development to the next level. It’s like they just unlocked a new level in the real-world game of business. With this fresh influx of cash, double jump.tokyo is poised to continue building out their digital playgrounds, much to the delight of blockchain enthusiasts and gamers alike. Now, let’s see if they can beat the final boss of the tech world: scaling up without glitching out.

ParaFi Capital's $120 Million Power Play: Investing in Crypto Funds

ParaFi Capital is gearing up for a major play in the crypto arena after successfully raising $120 million. But instead of going all-in on a single asset, they’re diversifying like a pro—putting their new war chest to work by acquiring shares in other cryptocurrency funds. It’s like gathering a team of Avengers but for investing. With $120 million at their disposal, ParaFi is looking to spread the love (and the risk) across the volatile world of crypto. They’re not just betting on one hero; they’re assembling a whole squad of them.

Behind-the-scenes stories from across the creator economy.

TON Network Bounces Back After Second Block Outage

The TON network, the digital playground of Telegram Wallet, took a brief nap earlier this morning but has since jumped back into action. After experiencing a second block outage, the network is once again up and running, much to the relief of its users. It’s like the digital equivalent of hitting the snooze button twice before finally waking up. While network outages aren’t exactly great for your street cred, the TON team seems to have it under control—now it’s just a matter of making sure that alarm clock doesn’t go off again.

Crypto Dynasty: Trump’s Second Son Launches World Liberty Financial

The Trump family is expanding its empire into the world of crypto with the official launch of World Liberty Financial, courtesy of Trump’s second son. It’s like the family just rolled out a new branch of their sprawling business, but this time in the digital currency space. With a name that screams freedom and finance, they’re hoping to carve out a niche in the crowded crypto market. Whether this venture will be as successful as their other endeavors is anyone’s guess, but one thing’s for sure: the Trumps know how to make headlines—crypto or otherwise.

Startup insights, stories, and vibes sent to your inbox every Tuesday.

Follow us on X

Check out the Podcast

Listen to crypto founders and our weekly roundup on your favourite podcast platform