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  • Crypto Alpha - 19 November 2024

Crypto Alpha - 19 November 2024

Daily Alpha on All Things Crypto, Web3 and Blockchain

TL;DR

  • BlackRock on Speed Dial: Trump’s Treasury Secretary Hunt Gets a Financial Twist

  • MicroStrategy: Turning Debt into Bitcoin Dreams

  • Goldman Sachs’ Digital Asset Platform: Bye, Bye, Corporate Nest

  • Trump + Bakkt = A Match Made in Media and Crypto Heaven?

  • The OCC’s Bitcoin ETF Options Plan: Coming Soon to a Market Near You

  • Trump Meets Coinbase CEO: Staffing Just Got a Lot More Interesting

  • Mark Your Calendars: IBIT Options Trading Kicks Off November 19

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Alpha of the Day

BlackRock on Speed Dial: Trump’s Treasury Secretary Hunt Gets a Financial Twist

The Trump team is doing what every overachiever does: calling BlackRock’s CEO for advice on picking a new Treasury Secretary. After all, if you’re deciding who gets to handle the nation’s purse strings, why not ask the guy managing trillions? Rumors swirl that this consultation might lead to a Wall Street-savvy pick, but critics are already raising eyebrows at the potential coziness. Whether it’s genius strategy or just networking on steroids, Trump’s latest move ensures that the financial world is paying attention—and perhaps anxiously so.

MicroStrategy: Turning Debt into Bitcoin Dreams

Michael Saylor and his Bitcoin-obsessed MicroStrategy team are at it again, announcing plans to issue $1.75 billion in convertible notes. And why? To buy more BTC, of course! Saylor’s strategy seems simple: turn dollars into crypto and then watch the haters freak out. While skeptics point out the risks of this approach, Saylor’s unshakable belief in Bitcoin as digital gold has propelled MicroStrategy into the spotlight. Love it or hate it, they’re betting big—and doubling down in the most literal way possible.

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Goldman Sachs’ Digital Asset Platform: Bye, Bye, Corporate Nest

Goldman Sachs is gearing up to spin off its digital asset platform, essentially telling it to “go be your own boss.” This move signals a bold shift as the financial giant seeks to distance itself from the volatile crypto space—at least officially. But don’t think for a second that they’re abandoning ship; spinning off the platform likely means they see value, just not under their corporate umbrella. Think of it like sending your rebellious teenager off to college with a credit card in hand.

Trump + Bakkt = A Match Made in Media and Crypto Heaven?

Trump’s social media company is reportedly in deep talks to acquire Bakkt, the crypto platform. If this deal goes through, it could marry Trump’s media ambitions with blockchain innovation—because why not? Skeptics question how crypto fits into his social media empire, but fans argue it could be a strategic play to stay ahead of the curve. Whether it’s a publicity stunt or a genuine attempt at innovation, this potential acquisition has everyone buzzing.

The OCC’s Bitcoin ETF Options Plan: Coming Soon to a Market Near You

The U.S. Office of the Comptroller of the Currency (OCC) is finally prepping to launch spot Bitcoin ETF options, giving traders yet another way to speculate on crypto’s rollercoaster prices. This news is a big win for Bitcoin enthusiasts who’ve long awaited more mainstream financial instruments tied to crypto. However, traditionalists might need a moment to clutch their pearls. The OCC’s move reflects the growing acceptance of Bitcoin, but as always, the devil is in the regulatory details.

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Trump Meets Coinbase CEO: Staffing Just Got a Lot More Interesting

When Trump sits down with the CEO of Coinbase, you know something big is brewing. The pair reportedly discussed staffing decisions, sparking speculation about what kind of tech-savvy personnel might join Trump’s circle. Could this mean pro-crypto voices are gaining influence in the Trump camp? Or is this just another one of Trump’s headline-grabbing meetings? Either way, the crypto world is on high alert to see how this unusual collaboration might pan out.

Mark Your Calendars: IBIT Options Trading Kicks Off November 19

The U.S. OCC has confirmed that IBIT options will officially begin trading on November 19. For traders, this means a new avenue for betting on Bitcoin’s price swings—or hedging against them if you’re feeling cautious. The launch marks another milestone in crypto’s march toward mainstream finance. Critics might question the timing or necessity of yet another Bitcoin product, but for enthusiasts, this is just one more way to make—or lose—money in the thrilling world of crypto trading.

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