• WAGMI
  • Posts
  • Crypto Alpha - 10 November 2024

Crypto Alpha - 10 November 2024

Daily Alpha on All Things Crypto, Web3 and Blockchain

TL;DR

  • Extreme Greed Takes Over: Fear & Greed Index Soars to 78

  • Rubber Mask Robbery Foiled: Kraken Scammer Gets Schooled

  • Tether Prints $4 Billion USDT in Just Three Days

  • Bitcoin Spot ETF Gains $1.615 Billion with 21K+ BTC Added

  • France’s Digital Bond Revolution: €100 Million via CBDC

  • Bank of Korea Dives into CBDCs with Tokenized Deposit Pilot

  • Ethereum Spot ETF Inflow Hits $154.7 Million, Adds 54K+ ETH

Grab Your 7 Day Free Trial

You're invited to upgrade your subscription to our Premium membership with a 7 day FREE trial!

No catches. No strings attached. Just pure crypto alpha to get you ahead!
Upgrade now for:

Ad-Free Experience 🚫👀
Weekly News Summary 📰🔥
Weekly Market Summary 💸📈
Weekly Airdrop Summary 🎁💎

All for just $15/month after the trial.
Don't miss out! Get your FREE trial today 👇

Alpha of the Day

Extreme Greed Takes Over: Fear & Greed Index Soars to 78

The Fear & Greed Index has officially ditched "greed" and hit "extreme greed" with a score of 78, and it’s got crypto investors buzzing like it's Black Friday at the Bitcoin store. This index, which measures market sentiment, has everyone questioning if they should "fear" or fully embrace the FOMO. With buyers piling in and price predictions getting more over-the-top by the minute, it's like every corner of crypto Twitter just turned into a meme-fueled hype fest. Will the markets keep climbing, or is this "extreme greed" the party's red flag?

Rubber Mask Robbery Foiled: Kraken Scammer Gets Schooled

A bold scammer tried to fool Kraken's video verification by rocking a rubber mask in an attempt to hijack a user’s account—but the plan was as cringe as it sounds. You have to admire the dedication, but apparently, Kraken's verification system didn’t buy the “Mission Impossible” cosplay. Instead of walking away with access to the account, the scammer walked away with zero dignity and a lesson in cybersecurity. Better luck next time, but maybe leave the masks for Halloween?

Receive weekly Bitcoin summaries with news, insights and analysis on all things Bitcoin, all for free.

Tether Prints $4 Billion USDT in Just Three Days

In what might be one of the wildest printing sprees we've seen lately, Tether decided the world needed another $4 billion in USDT—just in the past three days. That’s enough to make anyone double-check if their calculator is broken. The move has sparked plenty of theories, with some wondering if Tether is bracing for a massive demand spike or just flexing its minting muscles. Either way, $4 billion in stablecoins could mean major moves ahead in the market. Buckle up.

Bitcoin Spot ETF Gains $1.615 Billion with 21K+ BTC Added

Bitcoin’s spot ETF had a stellar week, with a cool $1.615 billion flooding in and boosting its holdings by around 21,230.71 BTC. That’s right, the big players aren’t just dipping their toes in; they’re diving headfirst into the BTC pool. This infusion is a huge signal that institutional interest is still alive and kicking, and let’s face it, these aren't small bets. For crypto holders everywhere, it’s like an unofficial validation that Bitcoin’s mainstream status is here to stay.

France’s Digital Bond Revolution: €100 Million via CBDC

In a groundbreaking move for Europe’s finance scene, France's Depository Bank has issued digital bonds worth €100 million, planning to settle them with a wholesale Central Bank Digital Currency (wCBDC). Sounds fancy, right? This pilot is like the French dipping their toes into the future of finance, giving traditional bonds a digital twist. It’s all part of their bold push to integrate CBDCs into everyday financial transactions. Looks like the euro just got a tech-savvy upgrade!

Behind-the-scenes stories from across the creator economy.

Bank of Korea Dives into CBDCs with Tokenized Deposit Pilot

The Bank of Korea has taken its CBDC ambitions to the next level by signing a pilot deal with regulators to explore both CBDCs and tokenized deposits. It’s like a reality show where central bankers try to outdo each other in bringing finance to the blockchain. South Korea’s move isn’t just tech experimentation; it signals a shift in how they might handle money and payments down the line. Keep your popcorn ready because the CBDC race is heating up.

Ethereum Spot ETF Inflow Hits $154.7 Million, Adds 54K+ ETH

Ethereum’s spot ETF has been swimming in cash, with a $154.7 million inflow adding a hefty 54,818.32 ETH to its reserves this week. While Bitcoin often steals the ETF spotlight, Ethereum’s momentum here is making sure it gets its fair share of attention. With investors this keen, it’s clear they’re banking on Ethereum’s long-term value. It’s a classic “don’t forget the little sibling” story—if that sibling also happened to be the backbone of the DeFi world.

Startup insights, stories, and vibes sent to your inbox every Tuesday.

Follow us on X

Check out the Podcast

Listen to crypto founders and our weekly roundup on your favourite podcast platform