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  • Crypto Alpha - 22 November 2024

Crypto Alpha - 22 November 2024

Daily Alpha on All Things Crypto, Web3 and Blockchain

TL;DR

  • Sui’s Code Slip-Up: Fixed Faster Than Your Pizza Delivery

  • Wisdomtree Brings XRP to the Big Leagues

  • Bitcoin Smashes $99K: Lambo Dreams Activated

  • FINRA Joins the Crypto Chat

  • MicroStrategy: BlackRock and Vanguard Are Our Ride-or-Dies

  • Cboe Bets Big on Solana with Four ETF Filings

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Alpha of the Day

Sui’s Code Slip-Up: Fixed Faster Than Your Pizza Delivery

Sui just dropped their first-ever network outage report, and surprise—it wasn’t hackers or aliens, just some rogue upgrade code that broke things. Thankfully, their devs had their superhero capes on and patched everything up in just 2.5 hours. It’s like your Wi-Fi going down during a Netflix binge but getting fixed before you even finish complaining on Twitter. Sui seems to be learning fast—let’s hope their next report is about milestones, not mishaps.

Wisdomtree Brings XRP to the Big Leagues

European traders, rejoice! Wisdomtree has rolled out its Physical XRP ETP across major European stock exchanges. If you’re wondering, yes, this means Ripple is going mainstream. While the U.S. is still debating if XRP is a security, Europe’s over here saying, “Let’s trade this baby!” The ETP promises easy access to XRP for institutions and crypto-curious investors who’d rather not deal with wallets and private keys. Score one for the XRP army.

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Bitcoin Smashes $99K: Lambo Dreams Activated

Bitcoin has broken the $99,000 barrier, and crypto Twitter is officially losing it. Moonboys are calling it, “One step closer to $1 million,” while skeptics are furiously tweeting charts. Whether you’re stacking sats or just watching from the sidelines, this milestone feels monumental—like finding a $20 bill in your laundry but on a global scale. With BTC eyeing six figures, the only thing rising faster might be the FOMO.

FINRA Joins the Crypto Chat

The U.S. Financial Industry Regulatory Authority (FINRA) just got itself a crypto makeover, adding a whole section on digital assets to its website. This move signals that regulators are finally realizing crypto isn’t just a phase—it’s here to stay. While it’s mostly for financial professionals (aka the suit-and-tie crowd), it’s a step toward a more educated and regulated crypto future. Maybe now your dad will stop calling Bitcoin “that internet monopoly money.”

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MicroStrategy: BlackRock and Vanguard Are Our Ride-or-Dies

MicroStrategy gave the world a peek at its updated debt holder list, and guess who’s at the top? None other than BlackRock and Vanguard Group—two financial heavyweights that basically own a piece of everything. It’s kind of like learning your rich uncles are secretly funding your wild Bitcoin dreams. With MicroStrategy’s massive BTC stash, these titans are indirectly exposed to the crypto rollercoaster. Who said TradFi and DeFi couldn’t be friends?

Cboe Bets Big on Solana with Four ETF Filings

Cboe isn’t playing small—they’ve submitted not one, but four applications to the SEC for Solana spot ETFs. If approved, these ETFs could bring institutional money flooding into the Solana ecosystem. Solana fans are buzzing, while Ethereum loyalists are side-eyeing the competition. Whether the SEC gives the green light or hits the brakes, one thing’s for sure: Cboe’s bullish bet on Solana is making waves in the crypto world.

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