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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-Founderās Rallying Cry: Fire Gensler, Save Crypto!
Geminiās co-founder is on a mission, and itās not just about moonshots. Heās 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. Itās 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 anyoneās guess, but itās definitely worth grabbing the popcorn.
Wall Street Whispers: Will Powell Hit the Rate-Cut Button?
Wall Streetās rumor mill is churning, and this time itās all about Powell and whether heāll drop the hammerāor rather, the interest rates. Investors are betting their crypto portfolios that heāll go for a cut, potentially giving the market the sugar rush itās been craving. But, as always with Wall Street, itās a bit like betting on a coin flip at this point. Will he, or wonāt he? Stay tuned for the next episode of āAs the Fed Turns.ā
Swell Networkās 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. Itās like getting a golden ticket, except instead of a chocolate factory, you get to dive into a pool of digital assets. If youāre holding Black Pearls, get ready to make a splashāOctoberās going to be one heck of a month.
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DOGS Extends the Fun: Airdrop Withdrawals and TGE Coming Soon!
DOGS isnāt just manās best friend; itās 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 loyalābecause who doesnāt 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 itās like theyāve rolled out the red carpet for yield farmers everywhere. Whether youāre a staking newbie or a seasoned pro, thereās 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 havenāt checked it out yet, what are you waiting for?
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Greeks.live: Market Confidence Makes a ComebackāSort Of
According to Greeks.live, the market might still be limping along, but at least itās not on life support anymore. The risk of a market nosedive has been dialed back, and confidence is slowly but surely making a comeback. Itās like watching your favorite underdog in a sports movieāsure, theyāre still behind, but at least theyāve got some fight left in them. Now, if only the market could get a motivational speech and a training montage, weād be set.
eOracle vs. CoinDesk: The Gloves Are Off
eOracle has thrown down the gauntlet, calling out CoinDesk for what it claims is a ābiased stanceā and sloppy reporting on Eigen Labs. Itās the kind of drama youād 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 thingās for sure: eOracle isnāt backing down, and theyāve got receipts.
Betting on a Rate Cut? The Odds Are 72.5% in Your Favor
If youāre the gambling type, hereās a stat for you: thereās a 72.5% chance that the Federal Reserve will slice interest rates by 25 basis points in September. Itās not quite a sure thing, but itās enough to make traders sit up and pay attention. Whether this move will be the marketās saving grace or just another blip on the radar is the big question. So, place your betsābut donāt say we didnāt warn you.
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Daily #Crypto Alpha | August 19 2024
ā¢ #Gemini's co-founder is urging U.S. crypto holders to unite and push Harris to fire Gary Gensler before theā¦ x.com/i/web/status/1ā¦
ā WAGMI | Crypto, DeFi & Web3 News (@wagmiglobal_)
7:11 AM ā¢ Aug 19, 2024
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