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- Crypto Alpha - 27 December 2024
Crypto Alpha - 27 December 2024
Daily Alpha on All Things Crypto, Web3 and Blockchain
TL;DR
Jupiter Airdrops $590 Million Worth of JUP Tokens Next Month
1.69 Trillion BONK Tokens Go Up in Smoke
Bitwise’s ETF Plans: Mining Companies Digging for Inclusion
Yat Siu’s Twitter Account Makes a Triumphant Return
U.S. Spot Bitcoin ETF Rakes in $475 Million in One Day
Bitwise Aims Big with Bitcoin Standard Company ETF Filing
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Alpha of the Day
Jupiter Airdrops $590 Million Worth of JUP Tokens Next Month
Jupiter is pulling out the big guns with its announcement of a massive airdrop: 700 million JUP tokens worth a jaw-dropping $590 million. It’s like Oprah, but for crypto enthusiasts—"You get a JUP! And you get a JUP!" Scheduled for next month, this generous move has everyone scrambling to ensure they’re on the eligibility list. The real question, though, is how quickly these tokens will end up in wallets, or, let's be real, on exchanges. As the buzz builds, Jupiter might just take its place as the cosmic king of airdrops, proving that not all gifts come wrapped in shiny paper; some come with private keys.
1.69 Trillion BONK Tokens Go Up in Smoke
BONK is turning heads after a staggering 1.69 trillion tokens were burned—worth a sizzling $52.28 million. Talk about a literal BONK to its supply! While token burns are nothing new, this dramatic move has sparked speculation: is this a smart deflationary tactic, or is BONK just trying to reinvent itself as the phoenix of meme coins? Either way, the math is simple: less supply could mean more demand, and BONK holders are keeping their fingers crossed for a value boost. Now the only thing left to burn is the memory of its price dips.
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Bitwise’s ETF Plans: Mining Companies Digging for Inclusion
With over 20 companies vying for a spot in the Bitwise Bitcoin Standard Company ETF, competition is fierce, and Bitcoin miners are staking their claim. Representing 30% of the likely contenders, mining firms are looking to bring their block rewards into the spotlight. Bitwise’s ETF isn’t just about hodling Bitcoin; it’s about creating a one-stop shop for crypto-curious investors who want in on the action without setting up their own rigs. It’s Wall Street meets blockchain—minus the energy bills and GPU shortages. If Bitwise gets the green light, these companies could be dancing their way to institutional portfolios.
Yat Siu’s Twitter Account Makes a Triumphant Return
Animoca Brands had some good news to share: Yat Siu’s Twitter account has been successfully recovered! After a nail-biting saga of digital hijinks, the account is back in the hands of its rightful owner. While no official details were shared about how the account was compromised, the recovery is a reminder that even industry giants aren’t immune to cyber pranks. Cue the sighs of relief from Animoca fans and followers who missed their regular dose of blockchain wisdom. Lesson learned: two-factor authentication is your best friend—unless, of course, you’re still using “password123.”
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U.S. Spot Bitcoin ETF Rakes in $475 Million in One Day
The U.S. spot Bitcoin ETF is making waves, with a record-breaking net inflow of $475 million in just 24 hours. That’s nearly half a billion dollars of investor confidence pouring into the crypto market like it’s Black Friday for Bitcoin. Whether this marks the beginning of a long-term trend or just a flash in the pan, one thing’s clear: institutional investors are hungry for exposure to digital gold. The ETF’s success is a win for Bitcoin believers everywhere, proving once again that the crypto king isn’t just surviving—it’s thriving.
Bitwise Aims Big with Bitcoin Standard Company ETF Filing
Bitwise is shooting its shot with the U.S. SEC, filing an application for its Bitcoin Standard Company ETF. If approved, this could be a game-changer for crypto-focused investment strategies. The ETF plans to include a diverse mix of Bitcoin-related companies, from miners to tech innovators, offering investors a buffet of blockchain exposure. Bitwise’s move comes as demand for crypto ETFs grows, fueled by a new wave of institutional interest. With the SEC yet to give the nod, all eyes are on Bitwise to see if it can turn its ETF dreams into a reality—or just another “maybe next time.”
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Daily #Crypto Alpha | December 27 2024… x.com/i/web/status/1…
— WAGMI | Crypto, DeFi & Web3 News (@wagmiglobal_)
5:49 PM • Dec 27, 2024
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