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Alpha Arena Crowns Qwen 3 MAX, Ripple Acquires Palisade, and Market Updates

2 min read

Key Highlights:

  • Alpha Arena: Qwen 3 MAX Takes the Top Spot in AI Model Trading Competition.
  • Investment Strategy: Strategy Inc. Plans to Issue Perpetual Preferred Stock to Purchase More Bitcoin.
  • Funding Rounds: Liquid and Donut Labs Secure Significant Funding to Fuel Growth.
  • Acquisition: Ripple Acquires Palisade to Enhance Digital Asset Custody and Wallet Services.
  • Integration: Chainlink Partners with FTSE Russell to Bring Global Index Data On-Chain.
  • Market Updates: Capital Flows and Other Developments Impact Cryptocurrency Prices.

Event Details:

Alpha Arena: The first season of the Alpha Arena competition concluded with Qwen 3 MAX from the Alibaba Qwen team taking the crown, surpassing competitors in the final stage to achieve an account value of $12,231.82.

Investment Strategy: Strategy Inc. announced its intention to issue 3,500,000 shares of perpetual preferred stock to raise funds for general corporate purposes, including purchasing additional Bitcoin and funding working capital.

Funding: Liquid, a decentralized perpetual contract aggregator, completed a $7.6 million seed round, while Web3+AI browser project Donut Labs raised $15 million in seed funding.

Acquisition: Ripple announced the acquisition of digital asset wallet and custody company Palisade, a move aimed at expanding its enterprise-grade crypto custody service capabilities.

Integration: Chainlink partnered with FTSE Russell to integrate global financial index data on-chain, enabling 24/7 instant access across multiple blockchains.

Market Updates: The cryptocurrency market experienced mixed capital flows, with digital asset investment products recording net outflows of $360 million, while Solana attracted significant inflows.

In addition, several companies announced new initiatives, including Coinbase listing Monad on its asset roadmap and Ripple launching digital asset prime brokerage services for the US market.

The market also witnessed some unfortunate events, such as the exploitation of Balancer V2 Composable Stable Pools and the temporary suspension of Berachain operations to address security vulnerabilities.

Overall, the cryptocurrency market remains dynamic and volatile, with continuous developments requiring close monitoring from investors and stakeholders.


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