TL;DR

• The crypto market secured $1.019 billion in financing from January to May.

• TVB bridged over 3.8 million ETH on the Arbitrum chain.

• Velocore offers hackers a 10% white hat bounty.

• Roaring Kitty made a comeback on Reddit after three years.

• Hundred Finance attackers moved 2266.3 ETH to Tornado Cash.

• Over $3 billion in Ethereum has left CEX since the SEC’s partial approval of the Ethereum spot ETF.

• Matter Labs CEO: Linea hack shows Layer 2 must focus on decentralization.

• 10x Research: Fed policy and inflation data are crucial for Bitcoin hitting new highs.

• Crypto 're-staking' platforms are booming as traders seek higher returns.

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Alpha of the Day

Crypto Market Finances Over $1 Billion in Early 2024

Between January and May, the crypto market saw a total financing volume of $1.019 billion. That’s right, despite the rollercoaster of market ups and downs, the industry managed to rake in a cool billion. Whether it’s venture capitalists betting big on the next Bitcoin or startups promising the moon, the crypto world isn’t short on cash flow. Investors are clearly still starry-eyed about digital assets, even if they have to hold their noses through some of the stinkier market dips.

TVB’s Arbitrum Bridge Surpasses 3.8 Million ETH

In a move that sounds like it’s straight out of a sci-fi saga, TVB has successfully bridged over 3.8 million ETH on the Arbitrum chain. That’s a whole lot of ether crossing the digital divide! It’s like sending all of New York City’s population through a teleportation device—and coming out richer on the other side. This achievement not only boosts TVB’s cred but also shows the growing trust and adoption of Arbitrum’s scaling solution in the Ethereum ecosystem.

Velocore Offers Hackers 10% White Hat Bounty

In an unexpected twist, Velocore is offering the hackers who breached their defenses a 10% white hat bounty. It’s like catching a thief and then giving them a medal for their skills—if they agree to return the loot, of course. This generous bounty could be Velocore’s way of turning a heist into a handshake. Will the hackers take the deal? Stay tuned for the next episode of “Crypto Heists: The Negotiation.”

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Roaring Kitty Roars Back on Reddit After Three Years

The legend of WallStreetBets, Roaring Kitty, has made a triumphant return to Reddit after a three-year hiatus. Cue the nostalgic memes and rocket emojis! Known for sparking the GameStop trading frenzy, Roaring Kitty’s comeback post has already started generating buzz and excitement among retail traders. It’s like your favorite band getting back together for one more epic concert—expect the markets to get a little wild.

Hundred Finance Attackers Use Tornado Cash to Move 2266.3 ETH

In another classic villain move, the attackers who hit Hundred Finance have laundered 2266.3 ETH through Tornado Cash. It’s the digital equivalent of hiding in plain sight by diving into a money blender. This move makes it trickier to trace the stolen funds, leaving investigators playing catch-up. Meanwhile, the attackers are probably feeling pretty smug, sipping their digital margaritas and enjoying their ill-gotten gains.

Over $3 Billion in Ethereum Flows Out of CEX Post-SEC Approval

Since the SEC gave a nod to the partial approval of the Ethereum spot ETF, more than $3 billion worth of Ethereum has exited centralized exchanges. It’s like a mass exodus of ETH, with investors moving their assets faster than you can say “regulatory green light.” This outflow indicates growing confidence in decentralized finance, as holders seek safer or more profitable havens for their precious ether.

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A Safe Web3

Linea Hack Highlights Need for Layer 2 Decentralization, Says Matter Labs CEO

After Linea’s hacker attack, the CEO of Matter Labs emphasized the critical need for Layer 2 solutions to prioritize decentralization. It’s like getting a wake-up call in the form of a digital slap—security can’t be compromised for speed. This incident serves as a stark reminder that while scaling solutions are crucial, they must not come at the cost of leaving backdoors open for hackers.

10x Research: Fed Policy and Inflation Data Crucial for Bitcoin's New Highs

According to 10x Research, Federal Reserve policies and inflation data are the key drivers that could push Bitcoin to new all-time highs. It’s like watching a high-stakes chess game where every move could lead to victory or disaster. Traders are keeping their eyes glued to economic indicators, hoping for the perfect storm that will send Bitcoin soaring past its previous records. Get your popcorn ready!

Crypto ‘Re-staking’ Platforms Surge as Traders Hunt Bigger Returns

In the latest crypto craze, ‘re-staking’ platforms are booming as traders chase after bigger returns. It’s staking but with an extra shot of espresso—more risk, more reward. These platforms let traders stake their staked assets, doubling down on their bets and hoping for exponential gains. Just be careful not to get too greedy, or you might end up with a nasty case of financial indigestion.

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