TL;DR

• Polymarket forecasts a 60% chance of Bitcoin reaching a new all-time high in 2024.

• Thailand’s Deputy Finance Minister stated that there’s no cap on the number of virtual bank licenses.

• An address with 70 ETH was reactivated after remaining untouched for over 9 years.

• Yuanbi Technology raised $7.8 million in Series A1 funding, with backing from Sequoia China and other investors.

• The Harris campaign pulled in $55 million during the past weekend.

• Opinion: Spot trading volumes on Coinbase and Binance are at their lowest point this year.

• Uniswap Labs introduced the ERC-7683 standard to address issues with cross-chain fragmentation.

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Alpha of the Day

Bitcoin’s Crystal Ball Moment: 60% Chance of a New All-Time High in 2024

Polymarket is giving Bitcoin bulls some serious hope by forecasting a 60% chance that BTC will hit a new all-time high in 2024. It’s like getting a glimpse into a crystal ball, but instead of vague fortunes, it’s screaming "HODL!" With the market being as unpredictable as your favorite Netflix drama, this news is enough to make even the skeptics wonder if their dusty BTC wallets are about to get a makeover. Let’s just hope this isn't another "almost there" moment for Bitcoin fans.

Virtual Banks Everywhere: Thailand’s Got No Chill on Licensing

In Thailand, the Deputy Finance Minister just took the lid off the virtual bank license jar and declared, "No cap." That’s right, there’s no limit on how many virtual banks can pop up in the land of smiles. It's basically an open invite for fintech companies to roll in and make banking as digital as a TikTok trend. Expect an explosion of innovation and, maybe, a few memes about how your next bank could be more virtual than your relationships.

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A Ghost from the Past: Dormant 70 ETH Wallet Reawakens After 9 Years

Imagine waking up after a 9-year nap and realizing you’re sitting on 70 ETH. That’s what just happened when an ancient Ethereum wallet suddenly sprung to life. This wallet’s been in hibernation longer than some crypto traders have been alive, but now it’s ready to rejoin the fray. The question is, what’s next? Will the owner just HODL longer, or is it time for a grand entrance into the market? Either way, welcome back to the crypto chaos, old friend.

Yuanbi Technology Flexes $7.8 Million from Series A1 Like a Pro

Yuanbi Technology just pulled off a Series A1 round, raising $7.8 million with some heavy hitters like Sequoia China backing them. That’s the kind of financial flex that makes you want to pay attention. With that kind of cash, Yuanbi is looking to make moves, and you can bet they’ve got their eyes on some big crypto innovation plays. This isn’t just a “look at our fancy funding” moment; it’s more like, “watch us change the game.”

Harris Campaign Hits Jackpot with $55 Million Over the Weekend

Kamala Harris and her campaign just casually collected $55 million over the weekend. Most of us struggle to find spare change under the couch, but for the Harris team, it’s just another day at the office. That kind of haul sets the stage for some serious moves, whether it's more ads, rallies, or who knows—maybe even a crypto pivot. The campaign's definitely flexing its fundraising muscles right now.

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Coinbase and Binance Spot Trading Volumes Are on a Low-Key Diet

Looks like Coinbase and Binance need a little energy boost because their spot trading volumes have hit their lowest levels of the year. It’s like your favorite restaurant just stopped serving the popular dish—people aren’t showing up the way they used to. Whether it’s the bear market blues or traders taking a much-needed nap, the numbers don’t lie. But don’t count them out yet—these platforms might be down, but they’re far from out.

Uniswap’s ERC-7683: The Super Glue for Cross-Chain Fragmentation

Uniswap Labs is out here doing the Lord’s work, dropping the ERC-7683 standard to fix the mess that is cross-chain fragmentation. It's basically the crypto world’s version of finding duct tape for a leaky boat—except way more high-tech. With this new standard, moving assets across chains should be less like navigating a maze and more like taking a shortcut. Let’s hope this is the beginning of a smoother, more connected crypto universe.

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