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  • Crypto Alpha, 16 August 2024

Crypto Alpha, 16 August 2024

Daily Alpha on All Things Crypto, Web3 and Blockchain

TL;DR

  • a16z announced plans to launch its first mega fund in Asia, starting in Japan.

  • Trump has requested a delay in the ruling of his "hush money" case until after the election.

  • JPMorgan Chase suggests that stablecoin regulation could present a significant challenge to Tether's market dominance.

  • Powell will have an opportunity next Friday to discuss potential interest rate cuts for September.

  • The Harris campaign team confirmed that Harris and Trump will participate in a debate in October.

  • DOGS tokenomics reveal that 81.5% of the token supply is controlled by the community.

  • Chaos Labs secured $55 million in Series A funding, with Haun Ventures leading the round.

  • 13F filings reveal that 701 new funds are now holding spot Bitcoin ETFs.

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Alpha of the Day

a16z Takes on Asia with a Mega Fund

Get ready, Asia—Silicon Valley's heavyweight a16z is making its grand entrance, and they’re starting with Japan! That’s right, the venture capital giant has announced plans to launch its first-ever mega fund in Asia, and Japan is the lucky first stop. If you thought sushi was Japan’s hottest export, think again—VC money might just take the crown. Expect startups to get that much-needed cash injection, with a16z sprinkling some of its investment magic across the continent. Who knew VC could be the next big thing in Asia?

Trump Wants His "Hush Money" Case Put on Ice

In a move that’s so Trump it almost feels scripted, the former president has asked for his "hush money" case ruling to be pushed back until after the election. Timing, they say, is everything, and Trump is no stranger to playing the clock. He’s practically asking the judge to hold his legal troubles in the same suspenseful way he does reality TV finales. Whether this delay will actually help or hurt his political ambitions, only time will tell, but one thing's for sure: the drama is far from over.

JPMorgan Chase Warns Tether: Stablecoin Regulation is Coming for You

Tether, you might want to sit down for this one—JPMorgan Chase just dropped a hint that stablecoin regulation could throw a major wrench in your market dominance. With regulators eyeing stablecoins like they’re the last piece of pizza at a party, Tether might soon face some serious competition—or worse, stricter rules that could shake its empire. The crypto world loves a good fight, and this could be one for the books. Let the stablecoin showdown begin!

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Powell’s Chance to Shine: Interest Rate Cuts on the Table

Next Friday, all eyes will be on Fed Chair Jerome Powell as he gets a golden opportunity to discuss potential interest rate cuts for September. Will he go full dovish or keep things hawkish? The suspense is killing us! The markets are holding their breath, waiting to see if Powell will play the rate cut card and what that might mean for the economy. Whatever happens, you can bet Wall Street is gearing up for a rollercoaster ride—because nothing screams excitement like interest rate discussions, right?

Harris vs. Trump: The October Debate Showdown

Mark your calendars, folks—Harris and Trump are set to face off in a debate this October, and it’s going to be one for the ages. Think of it as the Super Bowl of politics, where zingers, one-liners, and maybe even some policy discussions (gasp!) will fly. The Harris campaign team has confirmed the match, and you can almost hear the political pundits sharpening their commentary swords. Will it be a battle of wits, or just a good old-fashioned mudslinging contest? Stay tuned.

DOGS Token: The Community is in Charge

In the world of DOGS tokenomics, it turns out the community is the top dog. With 81.5% of the token supply in the hands of the people, this crypto project is taking decentralization to a whole new level. Who needs a central authority when you’ve got the masses calling the shots? Whether this leads to smooth sailing or a chaotic free-for-all remains to be seen, but one thing’s certain: the DOGS community is ready to wag the tail that wags the dog.

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Chaos Labs: $55 Million Strong and Ready to Disrupt

Chaos Labs just secured a cool $55 million in Series A funding, and they’ve got big plans to shake things up in the fintech world. Led by Haun Ventures, this funding round is like rocket fuel for Chaos Labs, propelling them into the next phase of innovation. They’re not here to play nice—they’re here to disrupt, and with $55 million in the bank, they’ve got the means to do it. Keep an eye on these guys—they might just be the next big thing.

701 New Funds Jump on the Bitcoin ETF Bandwagon

Bitcoin ETFs are officially the hot new thing, and 701 new funds have hopped on board, according to the latest 13F filings. That’s right, everyone and their dog (coin) seems to want a piece of the Bitcoin action. It’s like the crypto equivalent of buying into the latest tech IPO, and these funds are not about to miss out. With more and more institutional money flowing into Bitcoin ETFs, it’s clear that crypto is going mainstream—whether you like it or not.

NYSE Bows Out: Withdraws Bitwise and Grayscale ETF Applications

In a surprising move, the New York Stock Exchange has decided to withdraw the listing and trading applications for Bitwise and Grayscale’s Bitcoin spot ETF options. It’s like a plot twist in a financial drama—just when you thought these ETFs were on the brink of going live, the NYSE pulls the rug out. What’s the deal? Maybe the regulatory hurdles were just too high, or perhaps the timing wasn’t right. Whatever the reason, it’s a reminder that in the world of finance, nothing is set in stone until it’s actually set in stone.

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