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  • Crypto Alpha, 29 June 2024

Crypto Alpha, 29 June 2024

Daily Alpha on All Things Crypto, Web3 and Blockchain

TL;DR

  • HSBC Introduces Tokenized Gold Product

  • Bitcoin Mining Difficulty Drops After Historical Peak

  • "BlobScriptions" and Blob Fees Increase

  • SBF Gets 25-Year Prison Sentence

  • US, UK Investigate Crypto Transfers to Russian Exchange

  • AI Tokens FET, AGIX, and OCEAN Surge Amid Merger Deal into ASI Token

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Alpha of the Day

HSBC Introduces Tokenized Gold Product

HSBC has gone digital gold digging! On March 28, the bank launched its Gold Token, aimed at giving retail investors in Hong Kong a shiny new way to invest. You can snag these tokens straight from HSBCā€™s online banking platform or mobile app. Itā€™s like owning gold, but without the pirate vibes and heavy treasure chests. So, if you've ever wanted to channel your inner Scrooge McDuck and dive into a pool of digital gold, HSBCā€™s got you covered.

Bitcoin Mining Difficulty Drops After Historical Peak

Bitcoin miners, take a breatherā€”mining difficulty just dipped after hitting a record high. This means the elusive Bitcoin halving date is creeping closer and might just make its grand entrance in April 2024. Itā€™s like someone just lowered the bar in a high-stakes limbo contest. But don't get too comfortable; the crypto world is like a rollercoaster with no seatbelts. Buckle up, miners, itā€™s going to be a wild ride!

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"BlobScriptions" and Blob Fees Increase

Say hello to the latest craze: BlobScriptions! Launched on March 27, this Ethscriptions protocol tool lets users inscribe dataā€”from memes to epic rantsā€”onto blobs. Think of blobs as the Post-it notes of the blockchain world: cheap, temporary, and surprisingly useful. With blob fees on the rise, it seems everyone wants to join this blob party. Itā€™s like sticky notes for the digital age, but way cooler and much more valuable.

SBF Gets 25-Year Prison Sentence

Well, that escalated quickly. SBF, once the crypto worldā€™s darling, is now swapping boardrooms for cell blocks. Convicted on seven felony charges, heā€™s been sentenced to a whopping 25 years in the slammer, with Judge Kaplan throwing in some extra time for tampering. The moral of the story? Maybe donā€™t commit crimes that land you with more months in prison than episodes of your favorite Netflix series.

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US, UK Investigate Crypto Transfers to Russian Exchange

In a plot twist that sounds straight out of a spy thriller, U.S. and U.K. authorities are hot on the trail of over $20 billion in transactions flowing through the Russian crypto exchange Garantex. The catch? They were all using Tether (USDT) stablecoin. Itā€™s like a high-stakes game of follow the leader, but with a lot more zeros and way more drama. Stay tuned, this oneā€™s got ā€œblockbusterā€ written all over it.

AI Tokens FET, AGIX, and OCEAN Surge Amid Merger Deal into ASI Token

AI tokens are having a moment! Fetch.aiā€™s FET, SingularityNETā€™s AGIX, and Ocean Protocolā€™s OCEAN tokens are all riding high on the waves of a merger deal into ASI token. Fetch.aiā€™s FET climbed 6%, AGIX upped its game by 10%, and OCEAN made a splash with an 18% jump. Itā€™s like watching a crypto version of the Avengers assemble, and these tokens are ready to save the dayā€”or at least your portfolio.

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