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  • Crypto Alpha, 28 August 2024

Crypto Alpha, 28 August 2024

Daily Alpha on All Things Crypto, Web3 and Blockchain

TL;DR

  • Trump has added former Democrats Kennedy Jr. and Gabbard to his transition team.

  • Vitalik Buterin asserts that Ethereum is a store of value, with 90% of his net assets held in ETH.

  • The European Union is conducting an accuracy review of Telegram, questioning the validity of its reported user numbers.

  • CME Group is set to introduce Bitcoin Friday futures on September 30.

  • ETHGlobal members report that the Ethereum Foundation allocates about 38% of its budget internally and 62% externally.

  • Trump has confirmed his participation in the debate with Harris scheduled for September 10.

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Alpha of the Day

Trumpā€™s Transition Team Just Got Spicier

In a move thatā€™s bound to raise a few eyebrows, Trump has decided to add former Democrats Kennedy Jr. and Gabbard to his transition team. Imagine the team meetingsā€”half the room trying to figure out where they politically stand, while the other half wonders how they got there. Whether itā€™s a strategy to reach across the aisle or just an epic plot twist, this unexpected alliance is setting the stage for a wild ride. If nothing else, itā€™s clear that Trump is assembling a team as unpredictable as a reality TV show.

Vitalik Buterinā€™s Ethereum Flex

Vitalik Buterin isnā€™t just the brains behind Ethereum; heā€™s also its biggest fan. The crypto prodigy recently revealed that a whopping 90% of his net assets are held in ETH, putting his money where his mouth isā€”or rather, where his code is. If Ethereum is a ship, Vitalik is not just the captain; heā€™s also the guy who refuses to grab a life jacket, because heā€™s certain the ship is unsinkable. With that kind of confidence, you might just start questioning your own portfolio choices.

Telegramā€™s Numbers Under EUā€™s Magnifying Glass

The European Union has decided to play detective with Telegram, launching an accuracy review that questions the legitimacy of its user numbers. Itā€™s like when you say you have 500 friends on social media, but only three of them actually respond to your memes. The EU is essentially asking, ā€œAre those users even real?ā€ Telegram, the ballā€™s in your courtā€”time to prove those digital friendships are more than just bots and fake profiles.

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Bitcoin Friday Futures: Mark Your Calendars

Get ready, crypto enthusiasts, because CME Group is about to make your Fridays a lot more interesting. Come September 30, theyā€™re launching Bitcoin Friday futures, which might just be the most exciting thing to happen to Fridays since payday. For those looking to mix up their weekend plans with a bit of futures trading, this new offering could be the perfect excuse to skip happy hour and dive into the thrilling world of crypto instead. TGIF just got a whole new meaning.

Ethereum Foundationā€™s Budget Breakdown: The 38/62 Split

ETHGlobal members have spilled the beans on the Ethereum Foundationā€™s spending habits, and it turns out 38% of their budget is kept in-house while 62% is splashed out externally. Itā€™s like Ethereumā€™s version of ā€œtreat yoā€™ self,ā€ but with a little more strategy and a lot more zeros. Whether this allocation is frugal or fancy depends on who you ask, but one thingā€™s for sure: the Foundation knows how to spread the wealthā€”just maybe not in the way some might expect.

Marathon Digitalā€™s Bitcoin Debt Gambit

In a move that would make even the most daring Wall Street brokers sweat, Marathon Digital is following MicroStrategyā€™s lead by borrowing cash to load up on Bitcoin. Itā€™s like using your credit card to buy gold, hoping the price skyrockets before the bill comes due. As Marathon grapples with the challenges of Bitcoin mining, this bold strategy might either pay off big time or lead to a digital debt hangover. Either way, theyā€™re all in, and the stakes have never been higher.

Behind-the-scenes stories from across the creator economy.

Circle Patches Noble-CCTP, No Harm Done

Circle just pulled off a crypto miracle by fixing a critical vulnerability in Noble-CCTP without losing a single satoshi. Itā€™s like disarming a bomb with seconds left on the clock, but with way more digits involved. Circleā€™s swift action not only saved the day but also spared everyone a potential heart attack. Kudos to them for turning a potential disaster into just another day at the officeā€”now if only they could patch our daily stress levels as easily.

Uniswap Founder Sets the Record Straight on Vitalikā€™s Role

Uniswapā€™s founder recently took to the stage to clear up any confusion: Vitalik Buterinā€™s job isnā€™t to make you rich. Thatā€™s right, the man behind Ethereum is more about building a decentralized future than padding your wallet. Itā€™s a reminder that in the world of crypto, not every developer is your personal investment advisor. So if youā€™re looking to make a quick buck, you might want to look elsewhereā€”or better yet, do your homework.

Trump vs. Harris: The Debate You Didnā€™t See Coming

Mark your calendars for September 10, because Trump has officially confirmed his participation in a debate with Harris. Itā€™s the political showdown that promises more fireworks than the Fourth of July, with enough zingers to keep Twitter busy for weeks. Whether youā€™re Team Trump or Team Harris, one thingā€™s for sureā€”this debate is going to be must-see TV, and the popcorn sales are about to go through the roof. Let the games begin!

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