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  • Crypto Alpha, 1 April 2024

Crypto Alpha, 1 April 2024

Daily Alpha on All Things Crypto, Web3 and Blockchain

TL;DR

  • Tether's Bitcoin Shopping Spree

  • Balancer's TVL Takes the Lead

  • MEW's Cat-Themed Domination

  • Polygon CEO Throws Shade at L3

  • Hacking Losses Hit a Slump

  • Google Gets Rich with Bitcoin

  • Grayscale Prioritizes Staking Rewards

  • Public Blockchains Tokenize U.S. Treasury

  • HSBC's Golden Crypto

  • Unlocking Tokens Worth $224 Million

  • NFT Sales Break Records

  • Mr.100's Bitcoin Weekend

  • Telegram's Withdrawal Plans

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Alpha of the Day

Tether's Bitcoin Shopping Spree

Tether, the big spender of the crypto world, has gone on a shopping spree and snagged an additional 8,888 Bitcoins. That's a whopping $630 million! Looks like Tether's wallet has been hitting the gym.

Balancer's TVL Takes the Lead

Balancer, the cool kid in the blockchain neighborhood, just dropped an impressive report. The total value locked (TVL) in the network is flexing at around $1.3 billion. And guess what? The main network is hogging more than three-quarters of that value. Talk about being the king of the blockchain jungle!

MEW's Cat-Themed Domination

Move over Dogecoin, there's a new cat in town. MEW (MyEtherWallet), the feline fanatic, is taking over the meme coin charts with its surge of cat-themed tokens. Looks like the internet's obsession with cats has spilled over into the crypto world. Who needs dogs when you can have digital kitties?

Polygon CEO Throws Shade at L3

Polygon CEO just threw some serious shade at L3. According to Polygon's boss, L3 is like that one friend who always ruins the party. They claim it undermines Ethereum's value and security. Ouch! Looks like L3 needs some ice for that burn.

Explore the hard truths of crypto to propel the industry towards mass adoption

Hacking Losses Hit a Slump

Good news, folks! Q1 2024 witnessed a decline in losses from crypto hacking. It seems like the hackers took a break and decided to focus on something else for a change. Maybe they're taking some time off to work on their own blockchain startup. Who knows?

Google Gets Rich with Bitcoin

Google wants to get rich, and it's diving headfirst into blockchain technology. They're expanding their involvement by including Bitcoin and EVM chains in their indexing of 'rich results.' Looks like Google wants a piece of that crypto pie. Can't blame them, everyone wants a taste of the digital gold rush.

Grayscale Prioritizes Staking Rewards

Grayscale, the crypto investment superstar, just announced a new fund that gives priority to staking rewards. They're all about that passive income life. Who needs a nine-to-five job when you can earn money by just holding crypto? Time to stake and chill!

Public Blockchains Tokenize U.S. Treasury

Move over dollar bills, public blockchains are tokenizing over $1 billion worth of U.S. Treasury Notes. It's like Monopoly money on steroids. Who needs physical cash when you can have digital tokens representing real-world assets? The future is here, and it's tokenized.

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HSBC's Golden Crypto

HSBC, the banking giant, is stepping into the crypto game with its Golden Token. Hong Kong is about to get a taste of the shiny side of the blockchain. It's like pirate treasure, but instead of doubloons, we have digital gold. Arrr, matey!

Unlocking Tokens Worth $224 Million

Brace yourselves, because tokens worth $224 million are about to become unlockable this week. It's like a treasure chest filled with crypto riches waiting to be opened. Time to grab your digital keys and unlock some digital wealth. Who said money doesn't grow on blockchains?

Ordinals Drops the Rune Bomb

The founder of Ordinals just dropped a bombshell. They announced the release of ord version 0.17.0, including the final implementation of runes. It's like a magic spell for the blockchain world. Let's hope these runes bring some enchantment and prosperity to the crypto community.

NFT Sales Break Records

NFT sales on the Bitcoin chain in March broke records, surpassing $500 million. It's like the crypto world had a Lollapalooza moment. The NFT craze is going strong, and people are willing to pay big bucks for those digital collectibles. Who needs physical art when you can have digital bragging rights?

Mr.100's Bitcoin Weekend

Mr.100, the Bitcoin aficionado, went on a shopping spree over the weekend. They purchased more than 900 Bitcoins, like it's no big deal. It's like someone casually dropping a few million dollars on a Saturday afternoon shopping spree. Must be nice to have Mr.100's bank account balance.

Telegram's Withdrawal Plans

Hold on to your crypto hats because Telegram has some exciting news. They plan to launch the withdrawal function on Fragment in the next few weeks. It's like getting the green light to cash out your crypto winnings. Time to withdraw those gains and treat yourself to something nice.

Exciting news from AviaOne, our sponsor of the week and a trusted validator on the Cosmos Ecosystem!

Their March giveaway has concluded with rewards distributed to lucky winners!

But stay tuned for their upcoming April giveaway - everyone can participate, regardless of staking status!

Follow them on Twitter for updates and join the excitement with AviaOne!👇🏻

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