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- Crypto Alpha - 24 November 2024
Crypto Alpha - 24 November 2024
Daily Alpha on All Things Crypto, Web3 and Blockchain
TL;DR
Bitcoin $100K? The Odds Are Stacked Like Pancakes
Solana ETF: Next Year’s Main Character Energy?
Tether Mints $2B USDT: Ethereum’s New Bling
Ohio Gets a Crypto Crusader in Steve Demetriou
Musk’s Roast of U.S. Spending: It’s Giving Bankruptcy
TYMIO Founder Bets Big on Bitcoin’s $180K Glow-Up
VanEck Calls Out the Elephant in the Crypto Room: Regulation
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Alpha of the Day
Bitcoin $100K? The Odds Are Stacked Like Pancakes
According to the latest market data, Bitcoin has an 85% chance of breaking the $100,000 mark before the ball drops this New Year’s Eve. Imagine kicking off 2024 not just with fireworks but with BTC fireworks. Traders are rubbing their hands together, and memes are flying faster than you can say “to the moon.” Of course, with crypto, those odds might feel like either a slam dunk or a coin toss, depending on who you ask. But hey, 85% is enough to make even skeptics start polishing their laser eyes. If BTC doesn’t make it, though, expect an uptick in the “it’s all manipulation!” tweets.
Solana ETF: Next Year’s Main Character Energy?
VanEck’s Head of Digital Asset Research is brimming with confidence, predicting that a Solana ETF will be trading by next year. Solana fans are already gearing up to swap their “Ethereum killer” hoodies for “ETF approved” merch. This is more than just a win for Solana—it’s like handing them a golden ticket to Wall Street’s big leagues. However, with the SEC’s track record, don’t pop the champagne just yet; it might take until December 31, 2024. But hey, Solana’s no stranger to speed, so maybe its ETF approval will follow suit.
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Tether Mints $2B USDT: Ethereum’s New Bling
The Tether Treasury just minted a cool 2 billion USDT on the Ethereum network, because, apparently, $1 billion at a time just isn’t enough flex anymore. Crypto skeptics will probably roll their eyes, mumble something about “more printing,” and call it a day, but Tether stans are hyped. This move adds fuel to the fire for traders needing extra liquidity. Whether this new batch will keep DeFi humming or just flood the market remains to be seen. Either way, Ethereum just got a little more “tethered.”
Ohio Gets a Crypto Crusader in Steve Demetriou
Ohio’s new majority whip, Steve Demetriou, is here to wave the pro-crypto flag—and probably a “HODL” one, too. Known for his blockchain-forward stance, Steve’s election is like adding Bitcoin to a traditional portfolio: risky but promising. Crypto Twitter is already buzzing about what his policies could mean for regulation, taxation, and maybe even getting a Bitcoin ATM at every gas station. With Demetriou in the game, Ohio could be the next big crypto haven—or at least make some waves in a sea of skeptics.
Musk’s Roast of U.S. Spending: It’s Giving Bankruptcy
Elon Musk just dropped another bombshell, blaming reckless government spending for driving the United States toward bankruptcy. Imagine the guy behind Tesla, SpaceX, and Dogecoin now moonlighting as a fiscal hawk. Whether you see it as a wake-up call or just another “Musk-ism,” his statement is sparking plenty of debate. Critics might argue it’s rich (pun intended) for someone who’s ridden government incentives to stardom to throw shade, but hey, Elon’s always been about breaking the mold—and the internet while he’s at it.
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TYMIO Founder Bets Big on Bitcoin’s $180K Glow-Up
If you thought $100K was ambitious, TYMIO’s founder is here to double down, predicting Bitcoin could reach $180,000 by the end of 2025. While skeptics clutch their pearls, Bitcoin maxis are out here dusting off old price charts from 2021 for validation. Sure, it sounds bold, but crypto’s nothing if not a realm of audacious forecasts. Whether this is hopium or grounded in solid analysis, the prediction is at least good for one thing: keeping the hype alive. Just don’t forget to buckle up—it’s going to be a bumpy ride.
VanEck Calls Out the Elephant in the Crypto Room: Regulation
VanEck is pointing its laser focus on the importance of regulatory clarity for Bitcoin’s future. Because let’s face it, the SEC has been playing a game of “maybe, maybe not” with crypto for years. Without clear rules, Bitcoin’s potential is like a Ferrari stuck in traffic: all speed, no movement. VanEck’s stance underscores how much is riding on policymakers getting their act together. So, until then, we’ll just keep asking: when ETF? When clarity? When moon?
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— WAGMI | Crypto, DeFi & Web3 News (@wagmiglobal_)
9:00 AM • Nov 24, 2024
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