TL;DR

• Arthur Hayes predicts a crypto bull market resurgence, advising to go long on Bitcoin and altcoins.

• ChinaAMC Bitcoin ETF's trading volume exceeded HK$50 million, hitting a record high yesterday.

• Former federal prosecutors and agents call on the U.S. State Department to push harder for the release of detained Binance executives.

• ForbesWeb3 will announce Legacy Pass casting dates soon, with ETH and PayPal as accepted payment methods.

• Options traders are betting that Bitcoin will surpass $75,000 this month.

• VanEck has pledged 32,400 ETH, worth $125 million.

• Ethereum developers have approved the inclusion of the EVM Object Format (EOF) in the Pectra upgrade.

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Alpha of the Day

Arthur Hayes Predicts Crypto Bull Market Reawakening

Arthur Hayes is back with a bang, declaring that the crypto bull market is shaking off its nap and ready to roar. The former BitMEX CEO, never one to mince words, is shouting from the rooftops that it's time to go long on Bitcoin and altcoins. Hayes believes the market's resurgence is imminent, and he's urging everyone to strap in for a wild ride. So, if you’ve got some spare change, he suggests plunking it down on your favorite digital assets because, according to Hayes, it's going to be a crypto carnival out there.

ChinaAMC Bitcoin ETF Smashes Trading Volume Record

Move over, Wall Street—ChinaAMC’s Bitcoin ETF just hit a record-smashing HK$50 million in trading volume yesterday. That’s right, the Hong Kong-based ETF flexed its muscles and showed the market who's boss. It seems like everyone and their grandmother decided to jump on the Bitcoin bandwagon, causing a trading frenzy. Whether it’s a sign of bullish times ahead or just another day in crypto paradise, one thing’s for sure: ChinaAMC's Bitcoin ETF is having its moment in the spotlight.

Shima Capital Founder Under Fire for Alleged Misappropriation

Drama alert! The founder of Shima Capital is in hot water, suspected of misappropriating assets and causing a mass exodus of executives. It's like the plot of a corporate thriller, only with more blockchain and fewer car chases. As the allegations swirl, the company’s higher-ups are bailing faster than you can say “crypto scandal.” Will Shima Capital weather the storm, or is it game over? Stay tuned for the next episode of "As the Blockchain Turns."

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Ex-Prosecutors Push for Release of Binance Executives

In a move that sounds like it’s straight out of a legal drama, former federal prosecutors and agents are urging the U.S. State Department to ramp up efforts to free detained Binance executives. It's like a high-stakes episode of "Suits," but with more crypto jargon. These legal eagles are not messing around, calling for intensified action to secure the release of their blockchain buddies. Will the State Department answer their call, or will the execs remain behind bars? Cue the dramatic music.

ForbesWeb3 to Announce Legacy Pass Casting Dates

Get ready to mark your calendars because ForbesWeb3 is about to drop the casting dates for the first round of Legacy Passes. And guess what? They’re accepting ETH and PayPal—talk about living in the future. It’s like combining the prestige of Forbes with the convenience of crypto and digital payments. So, if you’re looking to snag a Legacy Pass, keep your eyes peeled and your crypto wallets ready. The countdown to exclusive access is on!

Bitcoin Options Traders Eye $75,000 Target

Bitcoin options traders are feeling optimistic—so much so that they’re betting on Bitcoin hitting a whopping $75,000 this month. It’s like putting your chips on red in a high-stakes game of roulette, but with digital gold. These traders are bullish and ready to see Bitcoin moon, so if you’ve got some skin in the game, you might want to hold onto your hats. Whether they're visionaries or just dreamers, one thing’s certain: the crypto rollercoaster is in full swing.

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A Safe Web3

VanEck Pledges $125 Million Worth of ETH

VanEck is making it rain Ethereum, pledging 32,400 ETH valued at a cool $125 million. It’s like a crypto mic drop, signaling their confidence in the market’s future. This hefty pledge is a big deal, showcasing VanEck's commitment to Ethereum and its ecosystem. Whether it’s a strategic move or just a flex, this ETH pledge has got everyone talking. So, grab your popcorn and watch as VanEck throws down the gauntlet in the crypto arena.

Ethereum Devs Greenlight EVM Object Format Upgrade

In the world of Ethereum, things are about to get a major upgrade. Core developers have given the thumbs-up to include the EVM Object Format (EOF) in the upcoming Pectra upgrade. It’s like giving your old jalopy a turbo boost. This upgrade is set to enhance the Ethereum Virtual Machine, making it more efficient and scalable. For all you tech geeks out there, this means smoother operations and better performance. So, buckle up—Ethereum is getting a serious tech makeover.

Crypto IPO Wave Predicted by Matthew Kennedy

Matthew Kennedy is looking into his crystal ball and predicting the largest wave of crypto-related IPOs in history over the next 18 months. It’s like the dot-com boom, but with blockchain. Kennedy’s forecast has got everyone buzzing, as companies gear up to go public and cash in on the crypto craze. If you thought the last few years were wild, get ready for the rollercoaster to hit new heights. Crypto IPOs are coming, and they’re set to take the market by storm.

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