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Crypto Alpha, 30 March 2024

Daily Alpha on All Things Crypto, Web3 and Blockchain

March 30, 2024

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TLDR:

  • TON ecosystem's TVL hits $90 million, reaching for the stars!

  • ConsenSys begs SEC for an Ethereum ETF approval, "Please, pretty please?"

  • Investor turns 0.79 ETH into $17.5 million with MFER tokens, talk about a jackpot!

  • Exchanges fight legal battles, while Goldman Sachs clients fall for crypto's charm.

  • Pendle team hustling to fix access issues, can't find their own X spot.

  • Base network breaks records with 2.27 million transactions, doing the transaction tango.

  • Sophon scoops $10 million funding, OKX Ventures joins the modular blockchain party.

  • LENX protocol raises rugpull concerns with mysterious transfers, disappearing acts incoming.

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Alpha of the Day

TON ecosystem's TVL hits $90 million, reaching for the stars!

The TON ecosystem is on fire, with its total locked value (TVL) soaring past $90 million! It's like a rocket ship, defying gravity and shooting for the stars. This upward trend is a clear indication that crypto enthusiasts are flocking to TON like moths to a digital flame. Buckle up, folks, because this ecosystem is on a wild ride, and it's showing no signs of slowing down!

ConsenSys begs SEC for an Ethereum ETF approval, "Please, pretty please?"

ConsenSys, the Ethereum aficionados, have penned a heartfelt letter to the US SEC, pleading for the approval of a spot Ethereum ETF. They're practically on their knees, batting their eyelashes, and whispering, "Pretty please, SEC, make our ETF dreams come true!" It seems they're eager to bring the magic of Ethereum to the masses through a regulated investment vehicle. Will the SEC be swayed by their charm? Only time will tell.

Investor turns 0.79 ETH into $17.5 million with MFER tokens, talk about a jackpot!

In the realm of crypto, fortunes can be made overnight, and one savvy investor just hit the jackpot. By spending a measly 0.79 ETH, they managed to rake in a mind-boggling $17.5 million in profits by purchasing 90.12 million MFER tokens. That's like turning pocket change into a gold mine! It's the stuff dreams are made of, and the rest of us are left wondering, "Why didn't I invest in MFER tokens?"

Fire Extension to be extinguished on April 8, Ethereum's burning sensation.

Attention all Ethereum enthusiasts! Brace yourselves because the Fire Extension, the beloved Ethereum transaction simulator, is about to be extinguished on April 8. The flames of excitement will dwindle as this tool bids us farewell. It's like losing a trusty sidekick in the world of Ethereum, leaving us to navigate the blockchain without its fiery guidance. Farewell, Fire Extension. You shall be missed.

Exchanges are caught in the midst of legal battles, trying to dodge legal bullets left and right. It's like a game of legal dodgeball, and these exchanges are nimble players, ducking and diving to protect their interests. Meanwhile, clients of Goldman Sachs are falling head over heels for cryptocurrencies. The allure of digital assets has them swooning, and traditional finance is left wondering if they missed the crypto train.

Pendle team hustling to fix access issues, can't find their own X spot.

The Pendle team is currently in a bit of a pickle. They're scratching their heads, trying desperately to resolve the issue of being unable to access Pendle's official X account. It's like searching for a needle in a digital haystack. They're the experts in tokenizing future yield, but they can't even find their own spot. Let's hope they locate their X soon, or they might need a treasure map.

CFTC commissioner warns SEC: "Stay in your lane, buddy!" in kucoin.com case.

In the world of regulatory turf wars, a CFTC commissioner is throwing some serious shade at the SEC. They're waving their finger and saying, "Hey, SEC, stay in your lane, buddy!" It's like a verbal showdown between two heavyweight agencies. The kucoin.com case is at the center of this dispute, and tensions are running high. Will they settle their differences or end up in a regulatory wrestling match? Place your bets!

Base network breaks records with 2.27 million transactions, doing the transaction tango.

The Base network is putting on a show, breaking records left and right. With a staggering 2.27 million transactions,they're dancing the transaction tango like nobody's business. It's like a whirlwind of digital movement, with each transaction adding another step to their impressive routine. The Base network is strutting its stuff and proving that it's got the moves to handle the demands of a bustling blockchain. Keep grooving, Base network!

Sophon scoops $10 million funding, OKX Ventures joins the modular blockchain party.

Modular blockchain project Sophon is making waves in the crypto world, and they've just scored a major win. With a whopping $10 million in funding, they're ready to take their project to new heights. And they're not alone in this venture—OKX Ventures and other investors are jumping on board the modular blockchain party. It's like a gathering of blockchain enthusiasts, ready to build the future of decentralized technology. Cheers to Sophon and the power of modular innovation!

DOGE contract launch on Coinbase Derivatives delayed until April 29, the dog's staying in the kennel.

Attention all Dogecoin lovers, we have a delay! The highly anticipated launch of the DOGE contract on Coinbase Derivatives has been pushed back to April 29. It's like keeping a playful pup in the kennel just a little while longer. The excitement of unleashing the power of DOGE in the derivatives market will have to wait. But fear not, fellow Doge enthusiasts, the dog is still on its way to the trading floor. Stay patient, and prepare for some doggone good times.

LENX protocol raises rugpull concerns with mysterious transfers, disappearing acts incoming.

Uh-oh, things are getting a bit suspicious in the world of the LENX protocol. Mysterious transfers have raised concerns of potential rugpulls. It's like watching a magic trick unfold, but instead of rabbits and hats, we have disappearing funds. Investors are on high alert, keeping a close eye on their assets, and wondering if the LENX protocol is playing a risky game. Will the disappearing act be just an illusion, or is there something more nefarious at play? Keep your guard up, folks, and be cautious in the world of LENX.

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