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Crypto Alpha, 31 May 2024

Crypto Alpha, 31 May 2024

Daily Alpha on All Things Crypto, Web3 and Blockchain

May 31, 2024

TL;DR

A Bloomberg ETF analyst predicts the U.S. spot Ethereum ETF could launch by the end of June.
$NOT jumped 28% in 24 hours, defying the overall market downturn.
Bots and airdrops have boosted Ronin to the second spot for daily blockchain users.
Elon Musk and Donald Trump discussed Bitcoin and crypto policies before the election.
Ethereum L2 network Mint Blockchain raised $5 million in seed funding.
Crypto losses from fraud and hacks dropped by 12% in May.
A smart trader made approximately 972 SOL in 5 hours by trading Trump-themed tokens.

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Alpha of the Day

ETF Analyst Forecasts Ethereum ETF Launch

Hold onto your crypto hats, folks! A Bloomberg ETF analyst predicts that the U.S. spot Ethereum ETF could hit the market by the end of June. Just in time to make your summer BBQs extra spicy with some crypto chatter. This could be a game-changer, folks—imagine trading Ethereum ETFs while flipping burgers. It's the financial equivalent of multitasking like a pro.

$NOT's Meteoric Rise

Defying the market's sour mood, $NOT shot up 28% in just 24 hours. That's like finding a winning lottery ticket in your cereal box. While everyone else was nursing their crypto hangovers, $NOT was living its best life, proving that not all coins follow the same script. It’s like the rebellious teenager of the crypto world, refusing to conform to market trends.

Ronin's Daily User Boom

Thanks to bots and airdrops, Ronin has rocketed to become the No. 2 blockchain for daily users. It’s like a viral TikTok video, but for blockchain. Everyone's jumping on the Ronin bandwagon, making it the cool new hangout spot in the crypto-verse. Who knew a little automation and free stuff could boost popularity so quickly?

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Musk and Trump Talk Crypto

In a twist that sounds like the setup for a joke, Elon Musk and Donald Trump recently sat down to chat about Bitcoin and crypto policies ahead of the election. Picture this: two of the most unpredictable figures in modern history debating digital currency. It’s like watching a crossover episode of two wild reality TV shows. Who knows what policies might come out of this unlikely duo?

Stargate Treasury's STG Move

Rumor has it that Stargate Treasury has handed over 5 million STG to GSR Markets for selling. It’s like trusting your quirky neighbor to house-sit while you’re on vacation—exciting, but a bit nerve-wracking. If true, this could shake things up in the market, so keep your eyes peeled for more developments.

Aptos Boosts DApp Development

Aptos is stepping up its game by integrating Chainlink's CCIP and data feeds to supercharge decentralized app development. Imagine adding rocket fuel to a go-kart; that's how significant this integration is. This move promises smoother, more reliable DApp performance, giving developers even more tools to play with.

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A Safe Web3

Mint Blockchain Secures Funding

Mint Blockchain just bagged $5 million in seed funding for its Ethereum L2 network. That’s like getting a golden ticket to the crypto Wonka factory. With this hefty cash injection, Mint is set to expand its capabilities and possibly disrupt the Ethereum layer 2 landscape. Watch this space!

Crypto Frauds and Hacks Dip

Good news, crypto enthusiasts! Losses from fraud and hacks dipped by 12% in May. It's like discovering fewer mosquitoes at your summer picnic—still annoying, but less of a bloodbath. This decline suggests better security measures are kicking in, making the crypto world just a bit safer for everyone.

Trump-Themed Token Triumph

A savvy trader managed to rake in about 972 SOL in just 5 hours by trading Trump-themed tokens. That’s a level of efficiency that makes speed-dating look like a slow burn. This trader’s quick profits show there’s money to be made in niche markets if you’ve got the guts and the strategy to back it up.

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Daily #Crypto Alpha | May 31 2024
• #Bloomberg#ETF analyst: The U.S. spot #EthereumETF might launch at the end of June.
• $NOT surges 28% in 24 hours despite the overall market downturn.
• Bots and airdrops propel Ronin to the No. 2 #blockchain for daily users.
•… x.com/i/web/status/1…
— WAGMI | Crypto, DeFi & Web3 News (@wagmiglobal_)
6:26 AM • May 31, 2024

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