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  • Crypto Alpha, 3 April 2024

Crypto Alpha, 3 April 2024

Daily Alpha on All Things Crypto, Web3 and Blockchain

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TL;DR

  • Singapore Crypto Custody Regulations: Singapore's got some strict rules for crypto custody services now. Time to get licensed or pack your bags!

  • Avail x dWallet Collaboration: Avail, from the Polygon fam, teams up with dWallet for some fancy Bitcoin magic on Web3 rollups. Expect Bitcoin to get a makeover!

  • BCH Halving Countdown: Bitcoin Cash (BCH) is on the rise, with its value soaring past $12.5 billion just before the halving. Time to make those last-minute trades!

  • Crypto VC Funding Boom: March was a wild ride for crypto VC funding, with Optimism grabbing the biggest slice of the pie. It's raining money in crypto land!

  • Bitcoin Takes a Dive: Bitcoin's rollercoaster ride continues with a 7% drop thanks to some upbeat U.S. factory data. Dollar's flexing its muscles!

  • Andrew Kang's Altcoin Optimism: Andrew Kang's seeing rainbows and unicorns in the altcoin space, predicting big gains. Time to jump on the alt train!

  • Crypto Funds in Flux: ARKB and GBTC are seeing some big outflows, with millions on the move. It's a game of crypto musical chairs!

  • Lido's Staking Snafu: Lido's SOL staking protocol hits a snag with a $24 million deposit stuck due to a coding oopsie. Someone's having a bad day!

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Alpha of the Day

Singapore Crypto Custody Regulations

Singapore's decided it's time to crack down on the crypto custody game. If you're handling people's digital gold, you better have the paperwork to prove it. It's like trying to sneak snacks into a movie theater—without the right credentials, you're outta luck! Don't say I didn't warn you; they're not messing around with those regulations!

Avail x dWallet Collaboration

Avail, the cool kid on the Polygon block, is teaming up with dWallet to sprinkle some Web3 magic on Bitcoin. It's like giving grandma's old recipes a modern twist. Get ready for programmable Bitcoin, because the future is now, baby! Say goodbye to the old Bitcoin—it's about to get a serious upgrade!

BCH Halving Countdown

Bitcoin Cash is making moves, with its value skyrocketing and the halving looming. It's like waiting for the clock to strike midnight on New Year's Eve, except instead of champagne, we're popping bottles of BCH. Let the countdown begin! Get your trades in now; this party's about to get wild!

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Crypto VC Funding Boom

March was the month of crypto VC funding frenzy, with Optimism leading the charge. It's like hitting the jackpot in a crypto casino—except instead of coins, it's raining dollars. Crypto startups are living the dream! Who needs a lottery ticket when you've got a brilliant crypto idea?

Deribit Dances to Dubai

Deribit's got its sights set on sunny Dubai after getting the green light from VARA. It's like moving your business to a tropical paradise—because who wants to pay taxes when you can soak up the sun? Pack your bags, Deribit, it's time for some tax-free trading!

Bitcoin Takes a Dive

Bitcoin's rollercoaster ride continues, with a sudden drop thanks to some good news for the U.S. dollar. It's like watching a superhero movie, except instead of flying, Bitcoin's taking a nosedive. Hold on tight, folks! Just when you thought it was safe to relax, Bitcoin throws another curveball.

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NAVI Protocol's pulling out all the stops with its NAVI X Ecosystem Fund to supercharge the Sui blockchain. It's like investing in a startup with a rocket strapped to its back. To the moon and beyond! Strap in, folks; we're about to embark on a rocket-powered journey!

Andrew Kang's Altcoin Optimism

Andrew Kang's got his crystal ball out, predicting big things for altcoins. It's like betting on the underdog in a sports movie—except this time, the underdog might just become the champion. Keep dreaming big, Andrew! If anyone knows how to spot a diamond in the rough, it's Andrew Kang.

Crypto Funds in Flux

ARKB and GBTC are seeing some major cash movements, with millions flowing in and out. It's like a high-stakes poker game, with investors shuffling their chips around the table. Will they cash out or double down? Keep an eye on those funds; it's anyone's guess where they'll end up next!

NOT Token Launch

Get ready for some meme madness as Notcoin gears up to launch its NOT token on April 20th. It's like throwing a party on 4/20, except instead of snacks, we've got memes. Get ready to laugh, cry, and hodl! Mark your calendars; this meme token launch is going to be legendary!

Synthetix's Governance Proposal

Synthetix is shaking things up with a bold governance move to support sUSDe LP mortgages on Arbitrum. It's like remodeling your house to make room for a new family member. Change is in the air—time to embrace it! Synthetix isn't afraid to break a few walls to make room for innovation!

Lido's Staking Snafu

Lido's SOL staking protocol hits a snag with a coding error, leaving a user's $24 million deposit stuck in digital limbo. It's like losing your keys in a digital maze—except instead of keys, it's millions of dollars. Talk about a crypto nightmare! Don't you hate it when a coding glitch ruins your day?

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