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- 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.
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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 theyâve 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 lineâlegal battles donât come with a referee.
Telegram CEO in Hot Water: Ex-Partnerâs 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 CEOâs next moves will be closely watchedâespecially by those who enjoy a good real-life cliffhanger.
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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. Itâs 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, letâs 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, theyâre diversifying like a proâputting their new war chest to work by acquiring shares in other cryptocurrency funds. Itâs 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. Theyâre not just betting on one hero; theyâre assembling a whole squad of them.
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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. Itâs like the digital equivalent of hitting the snooze button twice before finally waking up. While network outages arenât exactly great for your street cred, the TON team seems to have it under controlânow itâs just a matter of making sure that alarm clock doesnât go off again.
Crypto Dynasty: Trumpâs 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 Trumpâs second son. Itâs 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, theyâre hoping to carve out a niche in the crowded crypto market. Whether this venture will be as successful as their other endeavors is anyoneâs guess, but one thingâs for sure: the Trumps know how to make headlinesâcrypto or otherwise.
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Daily #Crypto Alpha | August 29 2024
⢠#NFL players have filed a lawsuit against #DraftKings, claiming the company owes them⌠x.com/i/web/status/1âŚ
â WAGMI | Crypto, DeFi & Web3 News (@wagmiglobal_)
10:14 AM ⢠Aug 29, 2024
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