TL;DR

• A South Korean man accused of a $12 million crypto fraud case underwent plastic surgery to evade capture for 10 months but has now been arrested.

• The Stacks Nakamoto upgrade is anticipated to be successful on the 15th of this month, resulting in a halving of STX production.

• This week, significant amounts of tokens like IMX, TAIKO, and MODE will be unlocked.

• There’s a 67% chance that the Federal Reserve will reduce interest rates by 25 basis points in September.

• The U.S. will release its August non-farm employment data this Friday, which could heavily influence the Federal Reserve’s upcoming decisions.

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Alpha of the Day

Plastic Surgery Gone Wrong: The $12 Million Crypto Fugitive Caught

In a plot twist worthy of a blockbuster, a South Korean man accused of a $12 million crypto fraud decided to go full James Bond villain and underwent plastic surgery to avoid capture. The man managed to stay off the grid for 10 months, but his new face couldn’t save him forever. Authorities finally caught up with him, proving that while you can change your looks, you can’t escape the long arm of the law. Turns out, crime doesn’t pay—especially when the surgeon’s bill is almost as high as the heist.

Stacks Nakamoto: Halving the STX and Doubling the Hype

The crypto world is buzzing as the Stacks Nakamoto upgrade approaches, with expectations sky-high for its success on the 15th of this month. This upgrade is a big deal, as it will lead to a halving of STX production, making those shiny tokens just a little bit rarer—and hopefully more valuable. So, if you’re holding STX, get ready to pop some virtual champagne, because things are about to get interesting. Or at least, we hope so. Fingers crossed, right?

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Token Avalanche: IMX, TAIKO, and MODE Unlocked This Week

Brace yourselves, crypto enthusiasts, because a storm of tokens is about to hit the market. This week, we’re seeing significant amounts of IMX, TAIKO, and MODE being unlocked, which could either mean a shopping spree for savvy investors or a trip to the bargain bin if things go south. Either way, the markets are likely to get a bit wild, so keep your seatbelts fastened and your trading apps handy.

67% Chance of Interest Rate Cuts: The Fed’s Crystal Ball

The Federal Reserve is playing its cards close to the chest, but the odds are in favor of a 25 basis point interest rate cut in September. With a 67% probability, it’s looking like we might get a little relief from those pesky interest rates. Of course, nothing’s set in stone, and the Fed could still surprise us all—so don’t start celebrating just yet. But hey, it’s nice to dream about lower rates, right?

Friday’s Data Drop: The Fed’s Decision-Making Drama

Mark your calendars, because this Friday, the U.S. will drop its August non-farm employment data, and it could be the plot twist that changes everything. The Federal Reserve is eagerly waiting to see these numbers before making any big decisions on interest rates. If the data shakes things up, we might be in for some serious market drama. Stay tuned—this could be the economic thriller of the year.

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September Showdown: Market Weakness and a Critical Turning Point

According to the wizards over at 10x Research, the market’s underlying structure and fundamentals have been slowly crumbling, and September might just be the month when everything comes to a head. They’re calling it a “critical turning point,” which is finance-speak for “things could get real messy, real fast.” If you’re in the market, keep an eye out—this could be the month that separates the bulls from the bears.

Scroll’s Unofficial Drama: Fake Foundation Accounts

In the latest episode of “As the Blockchain Turns,” a core contributor from Scroll has revealed that an unofficial Scroll Foundation account has popped up online. Cue the dramatic music! While it’s not quite catfishing, it’s definitely raising some eyebrows in the crypto community. So, if you’re scrolling through Scroll, make sure you know who you’re dealing with—because fake accounts are so last season.

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