TL;DR

• Griffin Gaming Partners aims to raise $500 million for its third Web3 gaming fund.

• The U.S. spot Bitcoin ETF saw a $132 million net inflow yesterday.

• 70% of South Korean crypto exchanges failed to repay debts after shutting down, regulators report.

• An Ethereum whale transferred 15,200 ETH to Kraken.

• Phishing scams in May caused over $42 million in losses to more than 3.2 million users.

• The TON Foundation plans to expand USDT usage on the Ton network.

• Trump's cryptocurrency holdings dropped below $20 million, a nearly 20% decline in three days.

• Arbitrum approved a proposal involving 225 million ARB.

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Alpha of the Day

Griffin Gaming Partners’ Ambitious $500 Million Goal

Griffin Gaming Partners is shooting for the stars with their third flagship fund, setting a jaw-dropping target of $500 million. Clearly, they’re betting big on the future of Web3 gaming. Imagine all the virtual swords and in-game real estate that kind of money can buy! This venture capital fund is like the Bezos of the gaming world, aiming to bankroll the next big thing in digital adventures. With the gaming industry growing faster than your favorite streamer’s follower count, Griffin Gaming is ready to level up the investment game.

Bitcoin ETF Inflows: $132 Million Says "Game On!"

Yesterday, the U.S. spot Bitcoin ETF raked in a cool $132 million. That’s like finding a shiny Charizard card in your old Pokémon collection. Investors are clearly feeling bullish, jumping on the Bitcoin bandwagon faster than you can say “to the moon.” This influx shows that despite the rollercoaster ride that is crypto, folks are ready to buckle up and enjoy the ride. It’s the kind of market action that makes you want to refresh your portfolio app every five minutes.

South Korean Crypto Exchanges: A Debt Disaster

In a plot twist that’s juicier than any K-drama, South Korean regulators revealed that 70% of crypto exchanges didn’t pay back their customers after closing shop. That’s right, most of them pulled a Houdini with people’s money. It’s a harsh reminder to always DYOR (Do Your Own Research) before throwing your hard-earned cash into the crypto abyss. The crypto landscape in South Korea is looking like a Wild West movie, where the bad guys might just run off with the gold.

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Whale Alert: 15,200 ETH Swims to Kraken

An Ethereum whale made waves by moving a massive 15,200 ETH to Kraken. That’s like watching a blue whale breach the ocean surface—it’s huge! This kind of transfer makes you wonder if the whale is planning to make a splash on the market or just setting up for a big move. Either way, it’s got everyone’s attention, and the crypto seas are anything but calm. Keep your eyes peeled; this whale could signal a tidal wave of market activity.

Mayday! Phishing Scams Hook Over $42 Million

May was a brutal month for crypto users, with phishing scams reeling in over $42 million from more than 3.2 million victims. That’s like getting pickpocketed at a crowded concert, but on a global scale. These cyber crooks are getting craftier, making it crucial to stay vigilant. Always double-check those sketchy links and unexpected emails, because in the world of crypto, the phishers are always on the prowl, ready to make you their next big catch.

TON Foundation’s USDT Expansion Plans

The TON Foundation is rolling out big plans to expand USDT usage on Ton, aiming to make transactions smoother than a fresh jar of Skippy. This move is set to boost liquidity and bring more stability to the Ton ecosystem. Think of it as adding a turbocharger to your crypto engine—transactions are about to get a whole lot faster and more efficient. It’s a smart play that could see Ton becoming a heavyweight contender in the digital currency arena.

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Trump’s Crypto Holdings: A $20 Million Meltdown

Trump’s cryptocurrency stash took a nosedive, falling below $20 million—a nearly 20% drop in just three days. It’s like watching your favorite stock plummet after a bad earnings report. This sharp decline has everyone talking, with speculation running wild about what’s causing the dip. Whether it’s market volatility or just bad luck, it’s a reminder that even the big names aren’t immune to the crypto market’s wild swings.

Arbitrum’s Big ARB Proposal

Arbitrum just got the green light for a proposal involving 225 million ARB, setting the stage for some serious blockchain action. It’s like getting approval for a blockbuster movie sequel—everyone’s excited to see what happens next. This proposal promises to bring new features and improvements, making Arbitrum’s platform even more robust. Crypto enthusiasts are buzzing, and you can bet this will spark plenty of debates and discussions in the community.

OKX Wallet Operations Rack Up Fees

Mempool’s founder spilled the beans on OKX’s wallet operations, which racked up a whopping 254.28 BTC in handling fees. That’s like paying a hefty cover charge to get into the hottest club in town. These fees highlight the costs of moving large sums of crypto, and it’s got everyone wondering if there’s a more cost-effective way. With the crypto world always evolving, let’s hope for some innovations that can cut these fees down to size.

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