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  • Crypto Alpha, 19 August 2024

Crypto Alpha, 19 August 2024

Daily Alpha on All Things Crypto, Web3 and Blockchain

TL;DR

  • Gemini's co-founder is urging U.S. crypto holders to unite and push Harris to fire Gary Gensler before the presidential election.

  • Wall Street is speculating that Powell will confirm an interest rate cut.

  • Swell Network has completed the White Pearls snapshot, with Black Pearls holders set to receive SWELL in the first wavedrop in October.

  • DOGS has extended the application period, added options for airdrop withdrawals, and will conduct its TGE on August 23.

  • io.net has rolled out its staking module.

  • According to Greeks.live, market confidence is returning as the risk of a major downturn has diminished, despite the market still being weak.

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Alpha of the Day

Gemini Co-Founderā€™s Rallying Cry: Fire Gensler, Save Crypto!

Geminiā€™s co-founder is on a mission, and itā€™s not just about moonshots. Heā€™s calling on U.S. crypto holders to band together like a blockchain Avengers team and pressure Harris into giving Gary Gensler the boot before the presidential election. Itā€™s like rallying the troops for the ultimate boss battle, except the villain is a regulator, and the weapon of choice is public opinion. Whether this will actually happen or just end up as a lot of noise on Crypto Twitter is anyoneā€™s guess, but itā€™s definitely worth grabbing the popcorn.

Wall Street Whispers: Will Powell Hit the Rate-Cut Button?

Wall Streetā€™s rumor mill is churning, and this time itā€™s all about Powell and whether heā€™ll drop the hammerā€”or rather, the interest rates. Investors are betting their crypto portfolios that heā€™ll go for a cut, potentially giving the market the sugar rush itā€™s been craving. But, as always with Wall Street, itā€™s a bit like betting on a coin flip at this point. Will he, or wonā€™t he? Stay tuned for the next episode of ā€œAs the Fed Turns.ā€

Swell Networkā€™s Black Pearls: Ready for a Splash of SWELL?

Swell Network has just dropped some major news: the White Pearls snapshot is in the bag, and Black Pearls holders can start dreaming of SWELL, which will be delivered in the first wavedrop this October. Itā€™s like getting a golden ticket, except instead of a chocolate factory, you get to dive into a pool of digital assets. If youā€™re holding Black Pearls, get ready to make a splashā€”Octoberā€™s going to be one heck of a month.

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DOGS Extends the Fun: Airdrop Withdrawals and TGE Coming Soon!

DOGS isnā€™t just manā€™s best friend; itā€™s also extending its application period, adding more ways to snag those sweet airdrop withdrawals, and gearing up for its TGE on August 23. If you thought DOGS was all bark and no bite, think again. This project is doubling down on giving its community every reason to stay loyalā€”because who doesnā€™t love more options, especially when free tokens are involved?

io.net Staking Module: Your New Favorite Crypto Playground

io.net just opened the gates to its shiny new staking module, and itā€™s like theyā€™ve rolled out the red carpet for yield farmers everywhere. Whether youā€™re a staking newbie or a seasoned pro, thereā€™s something here for everyone. Think of it as the ultimate playground where your tokens do the heavy lifting while you kick back and watch the rewards roll in. If you havenā€™t checked it out yet, what are you waiting for?

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Greeks.live: Market Confidence Makes a Comebackā€”Sort Of

According to Greeks.live, the market might still be limping along, but at least itā€™s not on life support anymore. The risk of a market nosedive has been dialed back, and confidence is slowly but surely making a comeback. Itā€™s like watching your favorite underdog in a sports movieā€”sure, theyā€™re still behind, but at least theyā€™ve got some fight left in them. Now, if only the market could get a motivational speech and a training montage, weā€™d be set.

eOracle vs. CoinDesk: The Gloves Are Off

eOracle has thrown down the gauntlet, calling out CoinDesk for what it claims is a ā€œbiased stanceā€ and sloppy reporting on Eigen Labs. Itā€™s the kind of drama youā€™d expect from a reality TV show, not a crypto report. Whether this will blow over or escalate into a full-on feud remains to be seen, but one thingā€™s for sure: eOracle isnā€™t backing down, and theyā€™ve got receipts.

Betting on a Rate Cut? The Odds Are 72.5% in Your Favor

If youā€™re the gambling type, hereā€™s a stat for you: thereā€™s a 72.5% chance that the Federal Reserve will slice interest rates by 25 basis points in September. Itā€™s not quite a sure thing, but itā€™s enough to make traders sit up and pay attention. Whether this move will be the marketā€™s saving grace or just another blip on the radar is the big question. So, place your betsā€”but donā€™t say we didnā€™t warn you.

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