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- Crypto Alpha - 2 November 2024
Crypto Alpha - 2 November 2024
Daily Alpha on All Things Crypto, Web3 and Blockchain
TL;DR
ACT’s Rollercoaster Ride: A Drop and Rebound
IMX and the SEC: The Wells Notice Drama
WLFI’s Epic Funding Cutback
FOBXX and the OnChain Money Market Leap
The Zircuit Fairdrop Excitement for EIGEN Holders
Coinbase’s Countdown to NEIRO-PERP
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Alpha of the Day
ACT’s Rollercoaster Ride: A Drop and Rebound
ACT’s price took a dive when its developer decided to cash out, causing the token to lose serious steam. But before the despair could really settle, the community swooped in like a superhero squad to pump it back up. It’s a classic tale of “the people vs. the whale,” and this time, the people won. This kind of community loyalty is rare and shows that ACT holders are as dedicated as they come. While developer sell-offs can often spell disaster, this comeback proves that with a strong enough fanbase, anything is possible.
IMX and the SEC: The Wells Notice Drama
Immutable, the company behind $IMX, received the infamous Wells Notice from the SEC, meaning the regulatory big leagues are now involved. The issue? Possible securities violations tied to $IMX. Now, for a crypto company, a Wells Notice is basically a “come see the principal” note, but a lot scarier and with major implications. $IMX holders might be holding their breath, waiting to see if this means big changes—or big fines—are ahead. Immutable has yet to give up its fight, and the fans are here for the drama.
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WLFI’s Epic Funding Cutback
World Liberty Financial, or WLFI, recently dropped its fundraising goal by 90% after its $WLFI token sale fell flat. The sale didn’t quite catch fire, forcing a major course correction. Reducing your goals by such a big margin feels a bit like cutting your dream road trip down to the local arcade, but WLFI seems determined to push forward. If anything, this budget trim might help the project hone in on what actually matters. After all, it’s not about the size of the sale—it’s about the strategy!
FOBXX and the OnChain Money Market Leap
Franklin Templeton’s OnChain U.S. Government Money Market Fund, FOBXX, just became available on Coinbase’s Base blockchain, making it accessible to crypto investors everywhere. This is a big deal for anyone looking to diversify with traditional assets in a blockchain-friendly way. It’s like merging the old-school stock market with the wild world of crypto, and it’s drawing plenty of eyes. With stability on its side, FOBXX might be the “grown-up” investment crypto fans have been waiting for.
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The Zircuit Fairdrop Excitement for EIGEN Holders
Zircuit’s upcoming fairdrop of $ZRC tokens to $EIGEN holders and stakers, dated back to October 8, is one of the most anticipated airdrops lately. Not only are loyalists being rewarded, but the fairdrop also supports an exchange-based airdrop, adding even more layers to the giveaway. With $ZRC on the line, $EIGEN holders have more reasons than ever to hold tight. This kind of event is bound to bring new hype to the community, making even seasoned holders feel like they just hit the jackpot.
Coinbase’s Countdown to NEIRO-PERP
Coinbase International is officially launching the $NEIRO-PERP market, going live on November 7 at 9:30 AM UTC. The countdown is ticking for traders excited to dive into $NEIRO futures. Perpetual markets like this tend to attract serious interest from crypto pros and day traders, promising plenty of action from day one. With November 7 right around the corner, crypto enthusiasts everywhere are gearing up for what could be the next big launch in Coinbase’s international expansion.
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Daily #Crypto Alpha | November 2 2024… x.com/i/web/status/1…
— WAGMI | Crypto, DeFi & Web3 News (@wagmiglobal_)
1:43 PM • Nov 2, 2024
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