Alpha Zone #2

Weekly Update Alpha Degen. We share crypto alpha, macro news. Please do your own research. Not Financial Advice.

Alpha Zone

May 30, 2023

📰 NEWS

$BTC fee revenue for the month has soared thanks to Ordinals

Crypto exchange TrigonX, which was affected by FTX collapse, is set to relaunch

Sandbox CEO’s Twitter was hacked and used to promote scam airdrop

Layer Zero is live on Canto mainnet

Paradigm has removed mentions of crypto and Web3 from its front page in a re-branding effort to include other “frontier” technologies

$OP and $SUI are set for large token unlocks with a combined value of $650M

📊 Market Overview

1️⃣ Layer 1 Zone

Bitcoin Miladys, the Bitcoin-based derivative of the popular Miladys NFT collection, introduced its BRC-721E token standard in collaboration with Bitcoin-based NFT marketplace Ordinals Market and Bitcoin wallet Xverse. The token standard is said to act as a bridge between the Ethereum and Bitcoin networks, allowing traders to convert their ERC-721 NFTs to BRC-721E tokens on Bitcoin. "The Hash" panel discusses what this means for the future of NFTs and bitcoin.