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- Crypto Alpha - 23 October 2024
Crypto Alpha - 23 October 2024
Daily Alpha on All Things Crypto, Web3 and Blockchain
TL;DR
Ripple’s Legal Extension: 14 More Days to Tango with the SEC
India Wants to Ban Crypto But Push Digital Rupees Instead
Tesla Still HODLing? Arkham Says $780 Million in Bitcoin Remains
Harris Snubs Musk: Mark Cuban Reveals the Rejection
Crypto Legislation Incoming: U.S. Lawmakers Finally Agree on Something
Hong Kong’s Digital Bank Surge: 75% Ready to Go Cashless
Harris Leads Trump by a Hair: A 46% to 43% Race
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Alpha of the Day
Ripple Gets Some Extra Time, Because Legal Drama Takes Time
In the ongoing soap opera that is Ripple vs. SEC, Ripple just snagged a 14-day extension to file its legal documents. Think of it as hitting snooze on a very annoying alarm clock. The SEC might be breathing down their necks, but Ripple's taking its sweet time preparing. With this extension, they’ve bought themselves a little more wiggle room to get their paperwork in order—because when you’re fighting the SEC, every minute counts. It’s like cramming for a final exam, except billions of dollars are at stake.
India: Banning Crypto, But CBDCs? All Aboard!
India’s government is like that one friend who says they hate parties but shows up with a killer playlist anyway. They’re flirting with the idea of banning cryptocurrencies while simultaneously hyping up their own digital rupee (CBDC). It’s a “do as I say, not as I do” situation. While the rest of the world is going full crypto, India’s like, "No thanks, we’ll just make our own digital money, please." The irony is thick, but let’s see if this plan sticks or if it’s just another passing policy flirtation.
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Tesla’s Bitcoin Mystery: $780 Million and Counting
According to Arkham, Tesla might still be sitting on a cool $780 million in Bitcoin. Yes, the same Bitcoin they were supposedly “done” with. Musk is always full of surprises, and this one’s a doozy. Is it just another one of his galaxy-brain plays, or did Tesla simply forget they’re still holding onto that stack of crypto? Either way, it looks like Elon’s electric car empire is still in the Bitcoin game—whether they admit it or not.
Mark Cuban Spills the Tea: Harris Ghosted Musk
Apparently, even billionaires get stood up. According to Mark Cuban, Vice President Harris straight-up refused to meet privately with Elon Musk. What could’ve been a power duo for the ages never happened. Maybe Harris wasn’t in the mood for some Mars mission talk, or maybe she’s more into electric bikes than electric cars. Either way, it sounds like Musk’s charm doesn’t work on everyone—not even in D.C.
Crypto Lawmaking in the U.S.: A Rare Moment of Bipartisanship
U.S. lawmakers from both sides of the aisle are expected to pass major cryptocurrency legislation before the year ends. In today’s political climate, getting both parties to agree on anything is a miracle—so this is kind of a big deal. Whether you’re team blue or red, everyone seems to agree that it’s time to get serious about regulating crypto. Expect a lot of fine print and a ton of legal jargon, but hey, progress is progress.
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Hong Kong Goes Digital: 75% Ready for Digital Banks
In Hong Kong, the digital revolution is in full swing. A new survey shows that 75% of citizens are ready to open digital bank accounts. Seems like the days of waiting in line at the bank are numbered. People in Hong Kong are clearly on board with ditching physical branches in favor of a full digital banking experience—because, let’s face it, who has time for traditional banks anymore when you can do it all from your phone?
Harris vs. Trump: The Presidential Race Gets Tight
The latest survey shows Vice President Harris leading former President Trump by a slim 46% to 43%. It’s a nail-biter, folks. With a margin this narrow, both sides are sweating bullets. Whether you're team Harris or team Trump, this race is going to be one to watch. The numbers are close enough that anything could tip the scales—maybe even Musk finally getting that meeting with Harris!
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Daily #Crypto Alpha | October 23 2024… x.com/i/web/status/1…
— WAGMI | Crypto, DeFi & Web3 News (@wagmiglobal_)
10:52 AM • Oct 23, 2024
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