- WAGMI
- Posts
- Crypto Alpha, 17 June 2024
Crypto Alpha, 17 June 2024
Daily Alpha on All Things Crypto, Web3 and Blockchain
TL;DR
El Salvador is integrating Bitcoin and other cryptocurrencies into its investment banking sector.
Hong Kong's Bitcoin spot ETF holdings have exceeded 4,000 BTC.
ID, PIXEL, APE, and other tokens will unlock next week, with ID releasing around $44 million.
Uniswap Labs launched a survey and might add bridging support and new features to its app.
Fed's Kashkari predicts the FOMC will cut interest rates by year-end.
dYdX v4 is now available on both iOS and Android devices.
A BlackRock executive said 80% of Bitcoin ETF purchases might come from independent investors, while financial advisors remain cautious.
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 š«š
Weekly News Summary š°š„
Weekly Market Summary šøš
Weekly Airdrop Summary šš
All for just $15/month after the trial.
Don't miss out! Get your FREE trial today š
Alpha of the Day
El Salvador Goes All-In on Crypto Banking
El Salvador's government is channeling its inner Satoshi Nakamoto by launching an initiative to integrate Bitcoin and other cryptocurrencies into its investment banking sector. Imagine walking into your local bank and talking crypto instead of CDs or bonds. This move is like mixing avocado toast with traditional bankingāinnovative and a little wild. President Bukele is probably high-fiving himself for turning El Salvador into a crypto haven. Now, let's just hope they don't replace the coffee machine with a Bitcoin ATM.
Hong Kong HODLs Over 4,000 BTC in Spot ETFs
Hong Kong's Bitcoin spot ETF holdings have skyrocketed past 4,000 BTC, proving that the city isn't just about dim sum and skyscrapers. It's now a serious player in the crypto arena. Picture a financial district where traders are more excited about Bitcoin charts than stock tickers. Hong Kong is stacking sats like there's no tomorrow, and who can blame them? With this kind of momentum, they might just give Wall Street a run for its money. Or should we say, digital gold?
Receive weekly Bitcoin summaries with news, insights and analysis on all things Bitcoin, all for free.
Crypto Tokens Set to Unlock a Fortune Next Week
Next week, ID, PIXEL, APE, and a slew of other tokens are breaking free from their digital vaults, with ID alone set to unlock around $44 million. It's like the crypto version of a jailbreak, only instead of prisoners, it's millions of dollars in tokens flooding the market. Expect crypto traders to go into a frenzy, like kids on Christmas morning. Just remember, with great token unlocks comes great volatility. Buckle up, folksāit's going to be a bumpy ride.
Uniswap Labs Wants Your Two Satoshis
Uniswap Labs has launched a community survey to crowdsource ideas for adding bridging support and other features to its app. It's like the ultimate suggestion box for DeFi enthusiasts. Have a brilliant idea? Nowās your chance to share it and possibly shape the future of one of the biggest DEXs around. Think of it as DeFi democracy in action. So, get your keyboards ready and start typing those genius suggestions. Who knows, your idea might just become the next big thing in crypto.
Kashkari Predicts Rate CutsāParty at the FOMC
Fedās Neel Kashkari is predicting that the FOMC will cut interest rates by the end of the year, giving us all something to look forward to besides holiday shopping. It's like the Fed is planning a late-year party and everyoneās invited. Lower rates could mean cheaper loans and, hopefully, a stock market rally to close out 2024. So, keep your eyes peeled and your portfolios readyāKashkari might just be Santa Claus in disguise, bringing the gift of lower rates.
Behind-the-scenes stories from across the creator economy.
dYdX v4: Now on Your Mobile Device
Crypto trading just got a major upgrade with dYdX v4 now available on iOS and Android devices. Thatās right, you can now trade on the go, whether you're stuck in line for coffee or pretending to listen in a Zoom meeting. It's like having a mini trading desk in your pocket, minus the heavy lifting. dYdX v4 brings the power of decentralized trading to your fingertips. So, download the app, and may your trades be ever in your favor.
BlackRock Exec Says Independent Investors Are Bitcoinās Best Friends
According to a BlackRock executive, about 80% of Bitcoin ETF purchases might come from independent investors, while financial advisors remain more cautious. Itās like Bitcoin is the cool new band that all the indie kids love, but the mainstream crowd is still warming up to. Independent investors are diving in headfirst, while the advisors are sticking their toes in the water. If you're one of those indie investors, rock onāyou might just be ahead of the curve.
Startup insights, stories, and vibes sent to your inbox every Tuesday.
|
Other Good Reads
The Castle Chronicle
Peeking through the castleās keyhole
The Crypto Nutshell
Get Smarter About Crypto. Join 60,000+ subscribers and get a newsletter on Crypto News & Expert Predictions all in a nutshell šŖ
Digital Assets Insights
The latest news and developments in the digital asset industry delivered straight to your inbox
Crypto Profit 101
Our Top Crypto Pick Soared 103,913% Last Bull Run! Get our next 6 coin picks with 100X potential for 2024 bull run! Don't miss out this time!
Get Supercharged
ā”ļøExceed The Limits ā”ļø You are Joining the #1 Business AI Magazine read by 10,000+ business owners š„³ As a thank-you gift we send you 10,000+ ChatGPT prompts.
The BRRR
We help you print money. Join the 6,000+ investors staying ahead of the AI and crypto markets.
The Founderās Pack
Learn the tools, strategies, and stories of the world's best founders. Every week we share with you the best insights from our interviews with founders like Sam Parr, James Mikrut, and Kathryn Cross. Join 2700+ founders, investors, and startup fanatics for free.
Follow us on X
Daily #Crypto Alpha | June 17 2024
ā¢ The El Salvador government has launched an initiative to integrate #Bitcoin and other #cryptocurrencies into its investment banking sector.
ā¢ Hong Kong's Bitcoin spot #ETF holdings have surpassed 4,000 #BTC.
ā¢ #ID, #PIXEL,ā¦ x.com/i/web/status/1ā¦
ā WAGMI | Crypto, DeFi & Web3 News (@wagmiglobal_)
8:10 AM ā¢ Jun 17, 2024
Check out the Podcast
Listen to crypto founders and our weekly roundup on your favourite podcast platform