- WAGMI
- Posts
- Crypto Alpha, 10 April 2024
Crypto Alpha, 10 April 2024
Daily Alpha on All Things Crypto, Web3 and Blockchain
Sponsor of the Week
π₯ MarginX π₯
MarginX is a decentralised exchange (DEX) that enables crypto projects, traders and DeFi enthusiasts the freedom to list, trade and provide liquidity.
MarginX Automated limit orderbook market maker (ALO) allows users to create new perpetual markets for any token without listing fees. It gives the ability to create active markets for exotic and illiquid tokens including tokens of nascent and early-stage protocols.
TL;DR
Toncoin Surpasses Cardano, Linked to Telegram
BlackRock Teams Up to Expand Bitcoin ETF Operations
POKT Network Enhances Blockchain Data Accessibility
Aptos Collaborates with io.net for Decentralized AI Access
Celo Allows USDT Usage for Gas Fee Payments
BTC Spot ETF Records $19M Net Outflow in Past Day
EigenLayer and EigenDA Debut on Ethereum
Grayscale GBTC Sees 3,000 BTC Holdings Decrease
Saga Stakers Set for Initial Snapshot in April
Up your crypto game and gain an upper hand by signing up to our premium content, sent straight to your inbox once a week! The premium content includes weekly Market Insights, Airdrop Updates & Premium News
Click below to signup to premium content
π
Alpha of the Day
Blockchain Startup Aptos Revolutionizes AI Accessibility with io.net Partnership
Aptos, a cutting-edge blockchain startup, has joined forces with io.net, aiming to democratize access to artificial intelligence (AI). This groundbreaking collaboration seeks to decentralize AI resources, ensuring equitable distribution and utilization across various industries. By leveraging blockchain technology, Aptos and io.net are pioneering a new era of AI accessibility, empowering developers and businesses to harness the full potential of machine learning and data analysis without centralized gatekeepers. This partnership not only fosters innovation but also fosters a more inclusive and diverse AI ecosystem, where ideas flourish and barriers to entry diminish.
BlackRock and Wall Street Giants Join Forces to Amplify Bitcoin ETF Reach
In a move signaling growing institutional interest in cryptocurrencies, BlackRock has partnered with five major Wall Street firms to expand operations in the Bitcoin exchange-traded fund (ETF) market. This strategic collaboration aims to bolster Bitcoin's presence in traditional finance channels, offering investors more avenues to access and engage with the digital asset. With BlackRock leading the charge, supported by the expertise of industry giants, the Bitcoin ETF landscape is poised for significant growth, potentially paving the way for broader adoption and integration into mainstream investment portfolios.
Gen Z Embraces Crypto Craze, Leaving Traditional Assets in the Dust
As Gen Z sets sail on the cryptocurrency wave, traditional assets are quickly losing their appeal among young Americans. With one-fifth of this demographic diving headfirst into the crypto realm, it's evident that digital currencies have captured the imagination and investment dollars of the next generation. While stocks and bonds gather dust in the background, cryptocurrencies offer Gen Z a tantalizing blend of innovation, financial opportunity, and rebellious spirit, reflecting their penchant for disrupting the status quo and embracing the future of finance.
Solana Validators Propel Transaction Speeds with 'Timely Vote Credits' Approval
Solana validators have given the green light to 'Timely Vote Credits,' a proposal designed to turbocharge transaction speeds on the blockchain network. This landmark decision marks a significant milestone in Solana's quest for scalability and efficiency, paving the way for smoother and faster transactions for users worldwide. By implementing 'Timely Vote Credits,' Solana validators demonstrate their commitment to enhancing user experience and solidifying the network's position as a top-tier blockchain platform capable of handling high throughput without compromising on security or decentralization.
Unlock your free access to AI-driven market insights and analytics, and start mastering the crypto landscape today!
POKT Network Expands Blockchain Data Accessibility with Three New Gateways
POKT Network, a leading player in the blockchain data ecosystem, has expanded its reach with the addition of three new gateways. This strategic move aims to bolster blockchain data accessibility, enabling developers and users to tap into a broader spectrum of decentralized applications (dApps) and services. With these new gateways in place, POKT Network strengthens its position as a key facilitator of blockchain adoption, offering seamless access to data and resources across various blockchain networks.
EigenLayer and EigenDA Launch on Ethereum Mainnet, Enhancing Blockchain Scalability
Ethereum witnesses a major scalability boost with the launch of EigenLayer and EigenDA on its mainnet. These groundbreaking solutions promise to enhance Ethereum's throughput and efficiency, addressing long-standing concerns about network congestion and transaction delays. By introducing EigenLayer and EigenDA, Ethereum takes a significant step towards becoming a more scalable and user-friendly blockchain platform, poised to support a wide array of decentralized applications and smart contracts with ease.
BitMEX Co-Founder Ben Delo Faces Legal Woes Over Alleged Market Manipulation
BitMEX co-founder Ben Delo finds himself embroiled in legal troubles as he faces a class-action lawsuit alleging market manipulation. The lawsuit accuses Delo of engaging in illicit trading practices on the BitMEX platform, tarnishing the reputation of one of the crypto industry's most prominent figures. As regulatory scrutiny intensifies in the cryptocurrency space, Delo's legal battle serves as a stark reminder of the challenges and pitfalls facing industry insiders, highlighting the importance of transparency and accountability in the digital asset ecosystem.
Celo Greenlights USDT Usage for Gas Fee Payments, Streamlining Transactions
Celo, a leading blockchain platform, has approved the use of USDT for gas fee payments, offering users greater flexibility and convenience in conducting transactions. This pivotal decision streamlines the payment process on the Celo network, reducing friction and enhancing the overall user experience. With USDT now accepted as a means of covering gas fees, Celo users can enjoy smoother and more efficient transactions, further solidifying the platform's position as a frontrunner in the realm of decentralized finance (DeFi).
Saga Stakers Prepare for Inaugural Snapshot in Anticipation of April Launch
Saga stakers are gearing up for the project's inaugural snapshot as the launch date draws near. With April on the horizon, excitement and anticipation are building within the Saga community as stakeholders eagerly await the snapshot event. This milestone marks a significant step forward in Saga's journey towards establishing itself as a prominent player in the cryptocurrency landscape, offering users a novel and innovative approach to digital asset management and investment.
Toncoin Surpasses Cardano, Claims 9th Spot in Cryptocurrency Rankings
Toncoin, closely associated with Telegram, has achieved a remarkable feat by surpassing Cardano to claim the 9th spot in cryptocurrency rankings. This meteoric rise underscores Toncoin's growing prominence and influence within the digital asset ecosystem, signaling its potential to disrupt traditional players and carve out a significant market share. With its sights set on further growth and expansion, Toncoin is poised to make waves in the cryptocurrency space, captivating investors and enthusiasts alike with its innovative approach and compelling value proposition.
BTC Spot ETF Records Net Outflow of $19 Million Amidst Market Fluctuations
Bitcoin's spot exchange-traded fund (ETF) experiences a net outflow of $19 million in the past day, reflecting ongoing market fluctuations and investor sentiment. This sudden movement underscores the volatility inherent in cryptocurrency markets, as investors navigate uncertainty and market dynamics. While outflows may raise concerns among some market participants, others see it as an opportunity to capitalize on buying opportunities and strategic positioning. As Bitcoin's ETF landscape continues to evolve, keeping a pulse on market trends and investor behavior remains paramount for informed decision-making.
Grayscale GBTC Witnesses Decline in BTC Holdings, Signaling Market Dynamics
Grayscale's Bitcoin Trust (GBTC) observes a decrease of nearly 3,000 BTC holdings since yesterday, indicating shifting market dynamics and investor sentiment. This downward trend sheds light on the fluid nature of cryptocurrency markets, where asset flows and market conditions can change rapidly. While declines in GBTC holdings may raise eyebrows, they also present opportunities for investors to reassess their strategies and adjust their positions accordingly. As the cryptocurrency landscape continues to evolve, adaptability and agility remain key to navigating market uncertainties and maximizing investment potential.
Other Good Reads
Startup insights, stories, and vibes sent to your inbox every Tuesday.
Behind-the-scenes stories from across the creator economy.
Explore the hard truths of crypto to propel the industry towards mass adoption
Join over 55k+ subscribers who trust us for crypto-native industry insights & research.
Follow us on X
Daily #Crypto Alpha | April 10 2024 π
- #Blockchain Startup Aptos Collaborates with io.net to Decentralize AI Access
- #BlackRock Teams Up with Five Major Wall Street Firms to Expand #BitcoinETF Operations
- A Fifth of Young Americans Dive into Crypto as Genβ¦ twitter.com/i/web/status/1β¦
β WAGMI | Crypto, DeFi & Web3 News (@wagmiglobal_)
8:33 AM β’ Apr 10, 2024
Check out the Podcast
Listen to crypto founders and our weekly roundup on your favourite podcast platform
Sponsor of the Month
π₯ AviaOne π₯
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!ππ»