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  • Crypto Alpha - 22 October 2024

Crypto Alpha - 22 October 2024

Daily Alpha on All Things Crypto, Web3 and Blockchain

TL;DR

  • Ripple’s Co-Founder Donates $10M XRP to Harris

  • Komainu Makes Its First Acquisition

  • Trump’s Polymarket Odds Soar

  • Grass Airdrop: 100M Tokens for Early Users

  • Saga’s Sixth Airdrop Adds Loyalty Points

  • Borderless Capital Launches $50M LATAM Web3 Fund

  • Magic Eden Locks Up ME Tokens for 18 Months

  • Coinbase Asks FDIC for Digital Asset Clarification

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Alpha of the Day

Ripple Co-Founder Donates $10 Million in XRP to Harris

Ripple’s co-founder is once again flexing his financial muscles in the political arena, donating a casual $10 million worth of XRP tokens to support Kamala Harris. You know, just your average Tuesday donation, no big deal. This marks yet another instance of crypto-powered political backing, as if we weren’t already living in a financial simulation. With Ripple’s ongoing legal battles, it seems they’re not afraid to sprinkle some XRP love in the political scene while they navigate choppier waters.

Komainu’s First Acquisition: Nomura-Backed Custody Firm Makes a Move

Komainu, the crypto custody firm backed by Japan’s Nomura Holdings, is diving headfirst into the acquisition game. This marks their first-ever acquisition, which has the crypto world buzzing about what Komainu’s next play could be. It’s like Komainu is saying, “Hey, we’re not just holding your digital assets, we’re expanding our empire!” With institutional players like Nomura in the mix, Komainu’s shopping spree might just be getting started.

Trump’s 64.5% Win Probability on Polymarket – Harris Who?

On Polymarket, Trump’s odds of winning the presidency have skyrocketed to 64.5%, leaving Harris trailing by a nearly 30-point margin. It’s like watching a political rollercoaster, except this one might have a few more Twitter rants. With Polymarket traders backing Trump with this confidence, we could be in for one wild election season. Whether it’s polling magic or just people hedging their bets, one thing’s for sure—this race is heating up.

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Grass Plans to Drop 100 Million Tokens to Early Adopters

The GRASS is greener for early adopters! Grass has announced that a whopping 100 million GRASS tokens will be distributed through their airdrop to reward their OG supporters. If you missed out, you might want to start thinking about getting in on the next big thing. Airdrops are like the free food of the crypto world, and who doesn’t love freebies? Time to start hunting down those airdrop queries, fam.

Saga’s Sixth Airdrop Comes With Loyalty Points

In their sixth airdrop, Saga is cranking up the stakes with a fresh addition: loyalty points. That’s right, in addition to snagging your tokens, you’ll now be able to rack up loyalty points like you’re at some sort of crypto Starbucks. Who knew being loyal to blockchain projects could have such sweet perks? This airdrop might just make you rethink your loyalty… to your favorite snacks at least.

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Borderless Capital Launches $50M LATAM Fund for Web3 Innovation

Borderless Capital just went all in on Latin America, launching a $50 million fund to back Web3 innovation projects across the region. It’s like they said, “Web3? Sí, por favor!” With Web3 growing faster than your to-do list on a Monday morning, this fund could be the boost the LATAM blockchain ecosystem needs to really take off. Prepare to see more blockchain-powered tacos and empanadas in the near future.

Magic Eden Founders to Lock Up ME Tokens for 18 Months Post-TGE

Magic Eden’s CEO just announced that the founding team will be locking up their ME tokens for a minimum of 18 months after the TGE (Token Generation Event). It’s like crypto’s version of “putting your money where your mouth is.” With the founders committing to this lock-up, they’re clearly signaling their long-term belief in the project. No pump-and-dump vibes here, folks—it’s all about that HODL life.

Coinbase Wants Answers from FDIC Over Digital Assets

Coinbase is knocking on the FDIC’s door with a burning question: Are banking regulators low-key blocking banks from holding digital assets? Sounds like a conspiracy theory, but with real financial implications. Coinbase is all about transparency, and they want the FDIC to spill the tea. After all, if digital assets are the future, someone’s gotta make sure the banks are ready to play ball.

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