- WAGMI
- Posts
- Crypto Alpha, 18 July 2024
Crypto Alpha, 18 July 2024
Daily Alpha on All Things Crypto, Web3 and Blockchain
TL;DR
The U.S. Democratic Party is set to vote in early August to officially nominate Biden as their presidential candidate.
Out of the 10 Ethereum ETFs potentially launching next week, nine have disclosed their fees, with Proshares ETF being the exception.
The U.S. SEC has given the green light to Grayscale's Spot Ethereum Mini ETF 19b-4 filing.
Vitalik Buterin expressed opposition to making political voting decisions based on "support or opposition to crypto."
A former U.S. National Security Advisor noted that Trump and Biden hold differing views on tech regulation.
A U.S. SEC Commissioner has suggested that the staking feature of the Ethereum ETF might need reevaluation.
Join the Biggest Cosmos Trading Competition on Demex
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:
All for just $15/month after the trial.
Don't miss out! Get your FREE trial today 👇
Alpha of the Day
State Street Bank Dips Toes into Stablecoin Waters
State Street Bank in the U.S. is getting its hands dirty with the stablecoin game, exploring how to create their very own digital dollar-pegged goodies. Imagine your grandpa's trusty bank venturing into the crypto wild west! They're probably picturing a future where sending money is as easy as sending a meme. Whether this move will bring stability to the crypto market or just another batch of digital drama, only time will tell. But hey, if your bank starts talking about blockchain over your monthly statements, don't be too surprised.
Germany's law enforcement played a major power move by offloading nearly 50,000 BTC, bagging a cool $2.8 billion. It's like they found an old Bitcoin wallet under the couch cushions and decided to cash out big time. This sale is one of the largest in crypto history, making the German government look like savvy traders instead of stern regulators. Whether they’ll reinvest in more Bitcoin or splurge on schnitzels, one thing’s for sure: they've got a hefty sum to play with.
Biden's Nomination Gets the Official Green Light
The U.S. Democratic Party is gearing up for an early August vote to officially nominate Joe Biden as their presidential candidate. It's like the final rose ceremony in The Bachelor, but with more political drama and fewer romantic gestures. As the party rallies behind Biden, the anticipation is building—who will be his VP? Will there be surprise plot twists? Get your popcorn ready because the election season is about to hit peak entertainment.
Receive weekly Bitcoin summaries with news, insights and analysis on all things Bitcoin, all for free.
Ethereum ETFs: Nine Down, One to Go
Of the 10 Ethereum ETFs expected to launch next week, nine have already revealed their fees, leaving Proshares ETF as the mysterious holdout. It's like a game of financial strip poker, with Proshares keeping their cards close to their chest. Will their fees be high, low, or somewhere in between? Crypto enthusiasts and investors alike are on the edge of their seats, waiting for the big reveal. Place your bets, folks!
Grayscale's New AI Fund: Skynet, Here We Come
Grayscale just rolled out a shiny new fund focusing on decentralized artificial intelligence. Cue the sci-fi movie references! They're diving headfirst into a world where AI and blockchain intersect, promising a future that sounds both exciting and a tad dystopian. Whether this fund will be the next big thing or just another buzzword bonanza, it's clear Grayscale is all about pushing the boundaries of tech and finance.
SEC Gives Thumbs Up to Grayscale's Spot Ethereum Mini ETF
The U.S. SEC has finally given Grayscale the go-ahead for their Spot Ethereum Mini ETF 19b-4 filing. It’s like getting the golden ticket to Willy Wonka’s factory but for Ethereum enthusiasts. This move is set to shake things up in the crypto ETF space, offering investors a new way to get in on the Ethereum action. So grab your popcorn, because the crypto ETF market just got a whole lot more interesting.
Behind-the-scenes stories from across the creator economy.
Vitalik Buterin on Crypto Politics: Vote with Your Conscience, Not Your Coins
Ethereum co-founder Vitalik Buterin is throwing shade at the idea of voting based on crypto stances, urging people to make political decisions with their heads, not their wallets. It’s a bold statement in a world where every politician seems to have an opinion on Bitcoin. Vitalik’s take? Focus on the bigger picture and don’t let your crypto biases dictate your vote. Wise words from the blockchain wizard.
Trump vs. Biden: A Tech Regulation Smackdown
A former U.S. National Security Advisor highlighted the tech regulation tug-of-war between Trump and Biden. It’s like a heavyweight match where the stakes are your internet freedom and digital privacy. Trump and Biden have very different views on how to handle Big Tech, and this battle could shape the future of innovation in the U.S. Grab your popcorn; this is one fight you won’t want to miss.
Ethereum ETF Staking: To Stake or Not to Stake?
A U.S. SEC Commissioner has suggested a rethinking of the staking feature in Ethereum ETFs. Imagine debating whether your crypto should be earning interest or sitting pretty in a vault. The idea is to ensure these ETFs are as secure and investor-friendly as possible, but it’s stirring up quite the conversation in the crypto community. Will staking stay or go? Stay tuned for the next episode of "As the Crypto World Turns."
Startup insights, stories, and vibes sent to your inbox every Tuesday.
Follow us on X
Daily #Crypto Alpha | July 18 2024
• State Street Bank in the U.S. is investigating the possibility of creating #stablecoins.
• German authorities sold almost 50,000 #BTC, netting over $2.8 billion.
•… x.com/i/web/status/1…
— WAGMI | Crypto, DeFi & Web3 News (@wagmiglobal_)
7:31 AM • Jul 18, 2024
Check out the Podcast
Listen to crypto founders and our weekly roundup on your favourite podcast platform