TL;DR

• David Sacks Gets the Crypto Playbook From Trump

• aelf’s Halving: Smaller Blocks, Bigger Expectations

• Pudgy Penguins Slide Into Solana With PENGU Token

• Craft Ventures: Where dYdX Meets Lightning Labs

• Mar-a-Lago: Now Hosting the CFTC Chair Pageant

• Liquidation Nation: $1.098 Billion Positions Wiped Out

• David O. Sacks Gets AI and Crypto Game Plan From Trump

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Alpha of the Day

David Sacks Gets the Crypto Playbook From Trump

In a move that’s sure to get the crypto world buzzing, Trump announced David Sacks will spearhead efforts to build a legal framework for crypto in the U.S. Sacks, the PayPal Mafia alum and seasoned investor, now has the keys to what might be the most volatile vehicle in government policy. His mission? Make the U.S. the ultimate crypto haven while dodging the regulatory drama that could turn it into a no-go zone. If anyone can handle this mix of politics and decentralized chaos, it’s Sacks. Crypto fans are cautiously optimistic—because let’s be real, any framework that isn’t “ban it all” feels like progress.

aelf’s Halving: Smaller Blocks, Bigger Expectations

Mark your calendars: aelf’s halving is set for December 12, and block rewards are about to slim down to a lean 0.0625 ELF. For miners, this means fewer rewards and a potential increase in scarcity, which, in crypto math, often translates to “mooning.” While the market waits to see how prices react, fans of the decentralized cloud computing network are brushing up on their hodl skills. Whether this halving delivers gains or just a lot of hype, one thing’s for sure—it’s another milestone in aelf’s journey to carve out a niche in the blockchain world.

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Pudgy Penguins Slide Into Solana With PENGU Token

The Pudgy Penguins just got a little more waddly with the launch of PENGU, their new native token on the Solana blockchain. Known for their cute NFTs, the Penguins are now diving deeper into the DeFi pond, offering fans a way to engage with the ecosystem beyond JPEGs. Solana’s fast and cheap transactions make it the perfect iceberg for PENGU’s debut. Whether you’re in it for the memes or the potential gains, one thing’s clear: these Penguins are here to prove they’re more than just a passing fad.

Craft Ventures: Where dYdX Meets Lightning Labs

David Sacks’ Craft Ventures is putting its money where its mouth is, with investments in major crypto players like dYdX and Lightning Labs. These projects are at the forefront of DeFi and blockchain scaling, making Craft Ventures a firm that’s not just watching the future of crypto—it’s helping build it. With dYdX reshaping decentralized exchanges and Lightning Labs supercharging Bitcoin transactions, Sacks’ portfolio is starting to look like the Avengers of blockchain. If crypto truly is the Wild West, Craft Ventures might just be the sheriff keeping it all together.

Mar-a-Lago: Now Hosting the CFTC Chair Pageant

Forget Washington boardrooms—FOX reports that candidates for the U.S. CFTC chair role are heading to Trump’s Mar-a-Lago estate for interviews. Picture it: policy debates under chandeliers, with just a touch of Florida flair. While critics question the optics, crypto enthusiasts are more concerned about what this means for industry regulation. Will the new chairperson lean toward innovation or play it safe with stricter rules? Either way, this unconventional hiring process is peak 2024 energy.

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Liquidation Nation: $1.098 Billion Positions Wiped Out

In the past 24 hours, over $1.098 billion in crypto positions got obliterated, with $816 million of that coming from long positions. It’s a classic case of the market saying, “Not today!” to over-leveraged traders. Whether you blame sudden price swings, whales, or just bad luck, this liquidation frenzy has everyone feeling the sting. For those who survived the purge, it’s a reminder to tread carefully. For those who didn’t—well, there’s always tomorrow.

David O. Sacks Gets AI and Crypto Game Plan From Trump

As if crypto wasn’t enough, Trump wants David O. Sacks to handle AI too, appointing him as White House Director of Cryptocurrency and Artificial Intelligence. It’s a double-edged sword of innovation, and Sacks is tasked with ensuring the U.S. doesn’t just keep up but leads the pack. With AI powering everything from meme generators to military tech, and crypto redefining finance, this is a job for someone with serious multitasking skills. If Sacks pulls this off, he might just go down as the guy who made America great again—digitally, at least.

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