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- Crypto Alpha, 23 May 2024
Crypto Alpha, 23 May 2024
Daily Alpha on All Things Crypto, Web3 and Blockchain
TL;DR
Mighty Jaxx secures $11 million in Series A+ funding.
The U.S. Bitcoin spot ETF had a net inflow of US$154 million yesterday.
Hong Kong orders Sam Altman’s crypto project Worldcoin to cease operations.
Solana's new crypto phone has already secured $65M in pre-orders.
Ethereum co-founder Jeffrey deposited 10,000 ETH into Kraken.
Bitcoin's return to $73K could signal the start of the 'escape velocity' phase.
House votes to designate CFTC as the main crypto regulator, marking a victory for the industry.
London Stock Exchange to list crypto ETPs for the first time.
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Alpha of the Day
Mighty Jaxx Secures $11 Million in Series A+ Funding
Mighty Jaxx, the edgy art toy company that's been making waves, just bagged $11 million in Series A+ funding. That's right, folks, it’s not just action figures anymore; it's high-stakes finance. With this fresh injection of cash, Mighty Jaxx is set to expand its quirky empire, bringing more pop culture collectibles to your shelves and screens. Investors are clearly betting big on the future of funky figurines, and we’re here for it. Now, who wouldn’t want a piece of that vinyl action?
The U.S. Bitcoin Spot ETF Had a Net Inflow of US$154 Million Yesterday
Yesterday, the U.S. Bitcoin spot ETF had a little party and invited $154 million to join the fun. That's right, the crypto world's version of a mutual fund just got a hefty cash boost. Investors are clearly optimistic, hoping that this influx will help ride out the crypto roller coaster. If you were thinking Bitcoin was just a passing fad, think again. This ETF is stacking up like a crypto buffet, and everyone wants a taste.
Hong Kong Orders Sam Altman’s Crypto Project Worldcoin to Cease Operations
In a plot twist worthy of a tech drama series, Hong Kong has told Sam Altman’s crypto brainchild, Worldcoin, to pack it up and head home. The order to cease operations has left many scratching their heads and wondering if their eyeballs are still safe. Worldcoin's grand vision of scanning irises for digital identity verification might be on hold, but the story is far from over. Grab your popcorn; this crypto saga just got interesting.
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Solana's New Crypto Phone Has Already Secured $65M in Pre-Orders
Solana’s new crypto phone has hit the market like a storm, racking up $65 million in pre-orders faster than you can say "blockchain." Yes, you heard it right – a phone that's all about that crypto life. With a sleek design and a promise to make your digital wallet as mobile as you are, it’s no wonder tech enthusiasts are lining up. Move over, iPhone, there's a new kid in town, and it’s making waves in the crypto ocean.
Ethereum Co-Founder Jeffrey Deposited 10,000 ETH into Kraken
Ethereum co-founder Jeffrey just dropped 10,000 ETH into Kraken, and it’s making quite the splash. That's a whale move if we ever saw one. Whether it’s a strategic play or just flexing some serious crypto muscle, this deposit is turning heads. It’s like watching a celebrity stroll into a high-end nightclub – everyone’s talking, and the speculation is wild. Kraken’s liquidity pool just got a serious upgrade.
Ethereum Futures ETF Daily Trading Volume Reaches an All-Time High Amid Rising Spot Approval Anticipation
Ethereum futures ETF trading volume is popping off, reaching an all-time high as whispers of spot approval get louder. It's like waiting for a big movie premiere – the hype is real, and everyone wants a front-row seat. Traders are buzzing, and the charts are lighting up like a Christmas tree. If this momentum keeps up, we might just see Ethereum steal the spotlight from its crypto cousins.
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Bitcoin's Return to $73K Could Signal the Start of the 'Escape Velocity' Phase
Bitcoin flirting with $73K again? Yep, and it’s got the crypto crowd talking about the 'escape velocity' phase. Think of it as Bitcoin breaking free from Earth’s gravitational pull, heading straight for the moon. Investors are strapped in, hoping this is the big break that sends Bitcoin soaring. If you're holding BTC, now might be the time to fasten your seatbelt and enjoy the ride.
House Votes to Designate CFTC as the Main Crypto Regulator, Marking a Victory for the Industry
In a landmark decision, the House voted to make the CFTC the main crypto regulator, giving the crypto industry a reason to celebrate. It’s like winning the regulatory lottery, and the market is loving it. With clearer rules of the road, crypto companies can navigate the legal landscape with more confidence. Regulatory clarity is like that much-needed GPS in the wild world of crypto, and this move might just put everyone on the right track.
London Stock Exchange to List Crypto ETPs for the First Time
Hold onto your hats, London – the Stock Exchange is about to get a crypto makeover with the listing of ETPs for the first time. This move is like bringing crypto to the main stage, giving traditional investors a new playground. It’s a big leap for crypto acceptance in the financial capital of the world. If you’ve ever wanted to see suits and hodlers in the same room, this is your moment.
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Daily #Crypto Alpha | May 23 2024 🗞
• Mighty Jaxx secures $11 million in Series A+ funding.
• The U.S. Bitcoin spot #ETF had a net inflow of US$154 million yesterday.
• Hong Kong orders Sam Altman’s crypto project #Worldcoin to… x.com/i/web/status/1…
— WAGMI | Crypto, DeFi & Web3 News (@wagmiglobal_)
6:32 AM • May 23, 2024
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