TL;DR

• Tether is working on creating a decentralized AI model.

• Mechanism Capital reports that over 98% of altcoins have reached their peak in this cycle.

• According to the Financial Times, if former President Trump returns to the White House, it could cause a sharp increase in Bitcoin's value.

• Bitcoin ETF investors took advantage of the dip on Friday, resulting in net inflows surpassing $140 million.

• Over 300 ETFs have been launched in 2024, with the four most successful being spot Bitcoin ETFs.

• Thai police arrested a scammer who used a fake app named Tidex to defraud cryptocurrency users.

• Guiyang plans to acquire patented technical services to combat virtual currency crimes.

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Alpha of the Day

Tether's AI Adventure: Decentralized Dreams

Tether is dipping its toes into the AI waters, working on creating a decentralized AI model. Think of it as a super-smart assistant that doesn't belong to any one company—kind of like a rogue Roomba that went to AI school. This isn't just some side hustle; Tether is serious about making an AI that’s free from the clutches of big tech overlords. Expect more updates on how this brainy bot will revolutionize our crypto lives or at least help us find the best meme coins faster.

Mechanism Capital's Altcoin Alarm: The Peak is Here

According to Mechanism Capital, over 98% of altcoins have hit their peak in this cycle. So, if you were dreaming of riding your favorite obscure token to the moon, it might be time to wake up. It's like finding out your favorite band is playing their last show ever. The party was fun while it lasted, but now it's time to brace for a reality check. Maybe consider reallocating your portfolio—or just enjoy the rollercoaster ride down.

Trump and Bitcoin: The Dynamic Duo?

Hold onto your hats, because according to the Financial Times, if former President Trump makes a comeback to the White House, Bitcoin's value could skyrocket. Love him or hate him, Trump knows how to shake things up, and apparently, Bitcoin likes a good shake. Picture Bitcoin wearing a MAGA hat, ready to rally. Whether it’s because of his unpredictable policies or his knack for stirring the pot, one thing’s for sure—crypto markets will be anything but boring.

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Bitcoin ETF Bonanza: Investors Buy the Dip

Bitcoin ETF investors couldn't resist the dip on Friday, with net inflows surpassing $140 million. It’s like a Black Friday sale but for Bitcoin. Bargain hunters saw the price drop and pounced, scooping up Bitcoin like it was the last PlayStation 5 on the shelf. This move shows that while the market might wobble, there's no shortage of folks ready to buy the dip and hodl on for dear life.

ETF Explosion: 2024's Top Hits

In 2024, over 300 ETFs have hit the market, and the four rockstars are all spot Bitcoin ETFs. It's like the ETF version of the Billboard Hot 100, and Bitcoin is topping the charts. These ETFs are the Taylor Swifts of the finance world, drawing all the attention and investment dollars. If you’re into ETFs, it’s the year of Bitcoin hits, and everyone’s tuning in.

Tidex Trickster Busted

In Thailand, police nabbed a scammer who used a fake app named Tidex to dupe cryptocurrency users. It’s a classic tale of digital deception, but this time, the bad guy didn't get away. Think of it as a real-life Scooby-Doo episode where the villain gets unmasked and says, "I would've gotten away with it too, if it weren't for those meddling Thai cops!" Moral of the story: don’t trust sketchy apps, no matter how legit they look.

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Guiyang's Crypto Crime Crusade

Guiyang is stepping up its game against virtual currency crimes by planning to acquire patented technical services. It’s like Batman getting new gadgets to fight the Joker. The city’s not messing around, bringing in the big guns to tackle crypto crime. So, if you're a digital villain, beware—Guiyang’s got some serious tech muscle on the way.

Token Tsunami Incoming

Next week, a tidal wave of XAI, IMX, APT, and other tokens will be unlocked. It’s like a candy store opening its doors and letting everyone in at once. Investors, brace yourselves for the flood of new tokens hitting the market. Whether you see it as a trickle or a deluge, it’s going to be an interesting week for these assets. Hold on to your wallets!

UniSat's Swap Saga

UniSat is almost ready to roll out L1 Swap, with plans to launch Fractal Swap in September. It’s like the final season of your favorite TV show—anticipation is high, and everyone’s on the edge of their seats. The development work is nearly complete, and soon, users will be able to swap like pros. Get ready for the grand debut this September; it’s going to be a swap-tastic finale!

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