OKX Execs On The Way Out

M6 Labs Alpha Bytes🚨: April 17th

Author

M6 Labs
April 17, 2024

GM anon☕

In today's Alpha Bytes, we cover significant developments including leadership turnover at OKX, the impending Bitcoin halving, and the rise of DePIN as the latest venture capital sensation.

Let’s dive in👇

BTC $62,391 (-1.00%), ETH $3031 (-1.48%), SOL $131.86 (-0.4%)

Crypto News 🗞️📰

  • Bitcoin halving is likely to occur on April 19

  • Bitwise says crypto markets underestimate long-term impact of Bitcoin halving

  • Crypto markets brace for Bitcoin halving

  • Meet the latest Venture Capitalist obsession, DePIN 

  • US Senators Lummis, and Gillibrand, take on stablecoin legislation with a new bill

  • Spiderman actor Tom Holland’s X account compromised 

  • Crypto liquidations can spark discount trading: QCP 

  • Crypto firm reveals they sold everything 

  • The funding rate turns negative as Bitcoin dips 

  • Crypto-like communication devices could break government surveillance 

  • Cryptocurrency exchange VALR obtains South African license 

  • ETH, altcoins remain under pressure 

  • TON-based economy taking shape on Telegram

  • Crypto miners prepare for Bitcoin halving 

  • Chinese Traders Prospering Despite Crypto Ban 

  • Norway regulators clamp down on crypto mining via new law 

  • Bitcoin Wizards dominate crypto and NFT scenes 

  • USDP briefly spikes to $1.28, costs AAVE trader $529k

  • UK aiming to become global hub for crypto

  • Dubai floods disrupt Blockchain Life and Token 2049. 

  • ZachXBT discloses identity of PrismaFi hacker 

  • EY launches Ethereum-based blockchain solution to help streamline business contracts 

  • Can Hong Kong’s spot Bitcoin ETFs boost BTC?

  • Goldman Sachs cautions against extrapolating previous Bitcoin halving cycles

  • A look at Sam Bankman-Fried’s appeal process 

  • Is The Bitcoin rally over? 

  • Analysts make Solana prediction

  • Solana DEX to airdrop 100 million tokens 

  • Ore creator proposes rewards to tackle Solana congestion

  • Ether options show bias for weakness 

  • Vitalik Buterin weighs in on default transaction privacy on Ethereum 

  • Ethereum stuck near $3k

  • Stablecoin legislation receives boost from unlikely ally 

  • Is this the end of meme coins 

  • Solana meme coin KittenWifHat in top crypto gainers 

  • Dormant ETH whale becomes active after years 

  • Top OKX executives abruptly leave exchange 

  • OKX announces launch of X Layer

Fundraise 💶

  • Mezo launches with $21 million Series A fundraise 

Project Updates 🔥👷🏼‍♂️

  • Mining manufacturer Auradine surpasses funding goals with $80 million

  • Hong Kong approves multiple Bitcoin and Ethereum spot ETFs 

  • Germany’s largest federal bank to offer BTC and crypto custody 

  • PayPal removes buyer and seller protections for NFTs 

  • Apple zero-click iMessage exploit used to infect iPhones with spyware 

  • Grand Base exploit update 

  • Ethena Labs issues update on recent worries regarding funding 

  • SAFE proposal approved 

  • StepN announces partnership with Adidas 

  • Binance announces zkSync airdrop 

  • Introducing Infera Network 

  • Parcl reveals token allocation 

  • HyperLiquidX distributes closed alpha points 

  • Solana v1.17.31 release upgraded 

  • OMNI tokenomics 

  • Ore pauses mining 

  • Aevo ramps up incentive program 

  • Drift Foundation launches $DRIFT token

  • TON Foundation launches Memelandia 

  • Starknet building new AI project 

  • Ionet tokenomics revealed 

  • Dfinity ICP integrates threshold-Schnorr signatures 

Interesting Threads 🧵

Launches 🚀

That’s it for today! We’ll keep checking in with you! 🐺

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