WAGMI
Posts
Crypto Alpha, 28 May 2024

Crypto Alpha, 28 May 2024

Daily Alpha on All Things Crypto, Web3 and Blockchain

May 28, 2024

TL;DR

The EU draft considers MEV as market abuse and sets strict regulatory standards.
JPMorgan Chase expressed skepticism about the SEC approving Solana and other cryptocurrency ETFs.
Taiko has launched on the mainnet, with the token expected to be released in a few weeks.
Ethena's USDe supply is $2.673 billion, with a reserve fund of $42.3 million.
The U.S. Spot Bitcoin ETF increased its holdings by 3,028 Bitcoins on May 27.
The Solana community voted to allocate all priority fees to validators.

Grab Your 7 Day Free Trial

You're invited to upgrade your subscription to our Premium membership with a 7 day FREE trial!

No catches. No strings attached. Just pure crypto alpha to get you ahead!
Upgrade now for:

Ad-Free Experience 🚫👀
Weekly News Summary 📰🔥
Weekly Market Summary 💸📈
Weekly Airdrop Summary 🎁💎

All for just $15/month after the trial.
Don't miss out! Get your FREE trial today 👇

Alpha of the Day

EU Draft Labels MEV as Market Abuse

The EU draft has decided to put the hammer down on MEV (Maximum Extractable Value), treating it like market abuse and rolling out some strict regulations. If you thought your last breakup was rough, just wait until MEV faces these new rules. Basically, the EU is saying, "No more sneaky tricks!" They want to keep the crypto game clean and fair, which is kind of like trying to keep pizza from burning the roof of your mouth—difficult but worth the effort. Crypto enthusiasts are now waiting to see how this will impact the market, with some already preparing their popcorn for the drama.

Floki's Telegram Trading Bot Joins the BNB Chain

Floki, the crypto with the coolest canine mascot, has just unleashed a Telegram-based trading robot on the BNB Chain. It’s like having your own personal R2-D2, but for trading crypto. This bot promises to make trading as easy as sending a meme in your favorite group chat. Floki's move is a big woof in the world of crypto, aiming to make trading more accessible and fun. So, if you're tired of staring at charts all day, let Floki’s bot fetch some profits for you while you kick back and enjoy the ride.

JPMorgan Chase Doubts SEC Will Approve Solana ETFs

JPMorgan Chase is throwing shade at the idea of the SEC approving Solana and other cryptocurrency ETFs. They're basically saying, "Yeah, right!" in the most corporate way possible. According to them, getting an SEC nod for these ETFs is about as likely as finding a unicorn in your backyard. The bank’s skepticism highlights the ongoing regulatory uncertainty in the crypto world, making investors feel like they're navigating a labyrinth with no exit in sight. So, while Solana fans dream of ETFs, JPMorgan is here to keep it real.

Newsletter Bitcoin

Receive weekly Bitcoin summaries with news, insights and analysis on all things Bitcoin, all for free.

Taiko Launches on Mainnet, Token Coming Soon

Taiko has made its grand debut on the mainnet, and its token is expected to drop in just a few weeks. It's like the crypto world’s version of a blockbuster movie premiere. Everyone's buzzing about what this new player will bring to the table. Will it be the next big thing or just another flash in the pan? Only time will tell, but for now, the anticipation is real. So, keep your wallets ready and your eyes peeled—Taiko is coming to town, and it promises to make a splash.

Ethena’s USDe Supply and Reserve Fund Update

Ethena's USDe supply has hit a whopping $2.673 billion, with a reserve fund standing at $42.3 million. That's a lot of digital dough, folks. It's like Ethena is flexing its financial muscles, showing the world that it's not just another pretty face in the crypto crowd. With numbers like these, they're making a solid case for stability and trust. So, if you're looking for a stablecoin with some serious backing, Ethena might just be your new best friend.

U.S. Spot Bitcoin ETF Adds 3,028 Bitcoins

The U.S. Spot Bitcoin ETF has been on a shopping spree, adding 3,028 Bitcoins to its holdings on May 27. It's like a Black Friday sale, but for digital gold. This marks nine consecutive days of gains, proving that Bitcoin is still the king of the crypto jungle. Investors are cheering, and the market is buzzing with excitement. So, if you thought Bitcoin was losing its charm, think again—this ETF is stacking sats like there's no tomorrow.

Creator Spotlight

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

A Safe Web3

Solana Community Votes to Reward Validators

In a move that has validators doing a happy dance, the Solana community voted to allocate all priority fees to them. It's like giving the hardworking bees all the honey. This decision aims to keep the network running smoothly and incentivize validators to keep doing their thing. So, if you're a validator, it's time to celebrate—your efforts are finally getting the recognition (and rewards) they deserve.

NodeOps Secures $5 Million Seed Funding

NodeOps, the blockchain node management platform, just scored $5 million in seed funding. It’s like getting a golden ticket to the crypto Wonka factory. With this fresh injection of cash, NodeOps plans to expand and improve its services, making blockchain management as easy as pie. Investors are pumped, and the future looks bright for this platform. So, keep an eye on NodeOps—they're gearing up for some big moves.

ZachXBT Uncovers Crypto Hacker Link

Crypto detective ZachXBT has done it again, linking the hacker of the GCR X account to the notorious CAT team sol. It’s like a scene from a cyber-thriller movie, with ZachXBT playing the lead role. His sleuthing skills have uncovered yet another layer of the crypto underworld, making us all feel a bit safer knowing he’s on the case. So, if you’re up to no good in the crypto space, beware—ZachXBT is watching.

Big Desk Energy

Startup insights, stories, and vibes sent to your inbox every Tuesday.

	Sponsored Big Desk Energystartup insights, stories, and vibes sent to your inbox every Tuesday

	Sponsored The Castle ChronicleWeekly crypto news and market updates along with longer educational pieces direct to your inbox!

	Sponsored Crypto Profit 101Helping traditional investors profit from crypto with clear swing trading strategies and regular insights—without the complexity or constant monitoring.

Follow us on X

Daily #Crypto Alpha | May 28 2024
• The EU draft considers #MEV as market abuse and sets strict regulatory standards.
• #Floki has introduced a #Telegram-based trading robot on the #BNB Chain.
• #JPMorgan Chase expressed skepticism about the #SEC approving Solana and… x.com/i/web/status/1…
— WAGMI | Crypto, DeFi & Web3 News (@wagmiglobal_)
5:45 AM • May 28, 2024

Check out the Podcast

Listen to crypto founders and our weekly roundup on your favourite podcast platform