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- Crypto Alpha - 20 October 2024
Crypto Alpha - 20 October 2024
Daily Alpha on All Things Crypto, Web3 and Blockchain
TL;DR
Vitalik published an article addressing Ethereum's risks and primary objectives.
Musk announced that $1 million will be given away daily to Pennsylvania voters who sign the America PAC petition until election day.
According to Francois' chart, Bitcoin whales amassed around 60K BTC within a 24-hour period.
Pump.Fun is gearing up for a future token launch.
41 Bitcoin ETFs currently hold 1.126 million BTC, valued at $77 billion.
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Alpha of the Day
Vitalikās Risky Ethereum Memo: "Weāve Got Some Work to Do"
Vitalik Buterin just dropped an article thatās basically the ultimate "Ethereum check-up." In his latest piece, heās giving us the lowdown on the hurdles Ethereum is facing, from scalability to security risks, while also mapping out some major goals, like making Layer 2 chains more interoperable. Itās kind of like a āweāve come far but hold onto your ETHā moment. If youāre into blockchain upgrades or just like seeing Vitalik throw shade at Ethereumās flaws (while also offering solutions), this article is the ultimate roadmap to understanding where Ethereum is headed.
Muskās $1 Million Election Day Bonanza for Pennsylvania Voters
Elon Musk is at it againāthis time with a daily $1 million giveaway. But hereās the catch: itās only for Pennsylvania voters who sign the America PAC petition. From now until election day, Musk is ready to open his digital wallet like a political Santa Claus, all in the name of democracy (and a little bit of PR, let's be real). With this move, he's basically turning every day into a mini lottery, and itās bound to make headlines, memes, and maybe even some questionable Twitter threads. Voters, check your Venmo!
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Francoisā Bitcoin Whale Watch: 60K BTC Gobbled Up in 24 Hours
Francois has us all watching the whales againāBitcoin whales, that is. According to his chart, the big fish in the crypto sea just accumulated a whopping 60,000 BTC in a single day. That's like whales going on a shopping spree and maxing out their crypto credit cards. This kind of accumulation is like seeing someone order 10 pizzas for themselves: suspicious, a little impressive, and bound to cause a stir. If you're wondering why Bitcoin's been looking so pumped lately, you can probably thank these mega-holders.
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Pump.Funās Token Launch: Get Ready for the Hype
Pump.Fun is not just a catchy name; itās the next hype train in the crypto world. The platform is gearing up to launch its tokens, and you can bet itās going to come with a lot of FOMO and moon emojis. While details are still trickling in, the anticipation is growing, and you know how the crypto community loves a good token drop. Whether you're in it for the tech, the community, or just the memes, Pump.Funās upcoming token is likely to make some noiseāand maybe even pump your portfolio. Stay tuned for the fireworks.
Bitcoin ETFs: Holding $77 Billion Worth of Digital Gold
If youāre still wondering how seriously people are taking Bitcoin ETFs, hereās your answer: 41 ETFs are now holding a combined 1.126 million BTC. Thatās about $77 billion worth of digital gold, safely tucked away in financial products designed for those who want a slice of the crypto pie without the hassle of private keys. Itās like Bitcoin, but with a suit and tie, appealing to investors who prefer their crypto with a bit of formality. These ETFs are setting new records, and itās clear: the institutional crypto crowd is not here to mess around.
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ā WAGMI | Crypto, DeFi & Web3 News (@wagmiglobal_)
11:35 AM ā¢ Oct 20, 2024
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