Grayscale's new altcoin picks

See the ones up for possible inclusion in its future investment products.

GM Explorer,

Grayscale’s latest altcoin review could shake up your crypto strategy! Discover which 35 assets might soon become top investment opportunities.

Here’s what we got for you today:

  • 🤩 Grayscale's new altcoin picks!

  • 🤯 Do Kwon allegedly pulls off transactions from prison!

  • 🧱 Around The Block: New whale wallets now hold nearly 2M Bitcoin, up 813% YTD.

🤩 Grayscale's New Altcoin Picks!

If you're into crypto or curious about what to add to your portfolio, pay attention!

Grayscale just announced 35 altcoins that may soon become part of its investment products.

This is a big deal because the investment community often relies on Grayscale’s picks for guidance when building portfolios.

The altcoins under review fall into five categories: Currencies, Smart Contract Platforms, Financials, Consumer and Culture, and Utilities and Services.

Some notable mentions on the list include Arbitrum (ARB), Polygon (POL), Internet Computer (ICP), TRON (TRX), Dogecoin (DOGE), Helium (HNT), UMA (UMA), Worldcoin (WLD), and more.

But here's the catch – this list could change each quarter as Grayscale re-evaluates these projects. So, it is best to keep an eye out. 👀

Grayscale also recently unveiled a list of 20 altcoins with high potential for Q4 2024. 

This list includes six new names compared to Q3, such as Optimism (OP), Sui (SUI), Bittensor (TAO), Celo (CELO), UMA Protocol (UMA), and Helium (HNT).

And the new additions show Grayscale's emphasis on areas like AI, DePin, and the prediction markets.

Exciting stuff, right? Check out all the details here!

 🤯 Do Kwon Allegedly Pulls Off Transactions from Prison!

Do Kwon, the disgraced founder of Terra, seems to have turned prison into his personal crypto playground. Yes, you read that right!

Despite being behind bars in Montenegro since March 23, 2023, Kwon allegedly managed to pull off several crypto transactions while authorities took their sweet time—72 days, to be exact—getting their hands on his login details and electronic devices.

Here’s how it went down:

According to a source from Montenegro’s Special Police, electronic devices like laptops, mobile phones, crypto wallet login details, and various blockchain access codes were discovered during a routine search of the prison detainees.

And guess what? Our favorite crypto fugitive was among them!

Rumor has it that at least three transactions slipped through the cracks during his incarceration, all likely made using a mobile account linked to a Podgorica telecom company.

But here’s the thing: Portal ETV, the outlet reporting this, couldn’t confirm these transactions.

So, whether Kwon's crypto skills are still as sharp as ever—even from behind bars—is still up in the air.

To add to the drama, it appears the police only confiscated his devices after the Minister of Police intervened, insisting they remove everything that should have been snagged since day one.

And in case you didn’t know, before his Montenegro escapade, Kwon tried to find refuge in Serbia but was kicked out faster than a bad date due to mounting media pressure.

Allegedly, state security escorted him to Montenegro, where he planned to escape to a country with friendly extradition laws.

But surprise, surprise—he was nabbed instead.

And here’s another kicker: One of Kwon’s confiscated phones mysteriously powered on after police stumbled upon a secret tunnel leading to the High Court evidence room.

Now, whether it was just a coincidence or if Kwon somehow hacked into the Matrix remains unknown.

Even the authorities are left scratching their heads, but you know what? They didn’t bother to investigate it further!

As it stands, Montenegro’s justice minister is mulling over whether to send Kwon back to South Korea or the US.

Whatever decision is made, one thing is clear: we haven’t heard the last of Do Kwon yet. He might be keeping things really interesting for quite a while. So stay tuned!

If you want the full scoop, you can get it here!

🧱 Around The Block

  • New whale wallets now hold nearly 2M Bitcoin, up 813% YTD.

  • Google restores Bitcoin and crypto price charts in search results.

  • Florida man sentenced to 20 years in prison over crypto ponzi scheme.

  • Global crypto holders reach 617M, with 60M monthly active users.

  • Bitcoin ETF hit $1 billion inflows in 3 days, Blackrock’s IBIT takes lead.

  • Coinbase escalates SEC fight over the agency's inside chatter on ETH.

  • Ethereum’s top stakers control 48% of staked ETH in a ‘potentially unhealthy’ centralization: Flipside.

That's all we've got for you today.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions.

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