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  • Crypto Alpha - 28 November 2024

Crypto Alpha - 28 November 2024

Daily Alpha on All Things Crypto, Web3 and Blockchain

TL;DR

  • USDC Treasury Flexes with $400 Million Mint

  • Celsius Network’s Bankruptcy Drama Hits Payout 2.0

  • $BAT and the Brave New Roadmap

  • Vancouver’s Bitcoin Mayor Has Big Plans

  • SOS Calls for Bitcoin, Big Time

  • Bounce Finance Teases Big $AUCTION News

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Alpha of the Day

USDC Treasury Flexes with $400 Million Mint

The USDC Treasury has been busy, dropping over 400 million USDC into the Ethereum blockchain across several transactions. Think of it as the crypto equivalent of making it rain, but digitally. Stablecoin enthusiasts are buzzing as this move adds liquidity and further solidifies USDC’s position as a top stablecoin contender. Whether it’s for trading, DeFi projects, or just hodling, these fresh mints ensure there’s plenty of USDC to go around. Keep your wallets ready—this stablecoin isn’t slowing down anytime soon.

Celsius Network’s Bankruptcy Drama Hits Payout 2.0

Celsius Network is playing Santa Claus again, distributing $127 million to eligible creditors in its second bankruptcy payout. While it’s not a full redemption arc, it’s a glimmer of hope for those still licking their wounds from the crypto lender’s collapse. Creditor chats are ablaze with discussions on whether they’ll ever see the full picture, but for now, it’s a “take what you can get” vibe. With millions on the move, Celsius is slowly paying its dues, one step closer to closing this chapter.

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$BAT and the Brave New Roadmap

Basic Attention Token ($BAT) just dropped its latest roadmap, and it’s a vibe. Roadmap 3.0 promises a revamped Brave Rewards system by Q1 2025 and a sprinkle of AI-powered utility for $BAT. If you’re a fan of earning while browsing or just love watching innovation unfold, this update is a treat. Brave is leaning into its tech-forward reputation, giving users more reasons to keep their browsers open and their tokens flowing. Mark your calendars—Q1 2025 is looking bright for $BAT holders.

Vancouver’s Bitcoin Mayor Has Big Plans

Ken Sim, the mayor of Vancouver, wants to put his city on the Bitcoin map. He’s announced a plan to integrate Bitcoin into Vancouver’s investment portfolio, aiming to diversify assets and make the city a crypto-friendly haven. Whether this means BTC ATMs on every corner or city-funded mining rigs (kidding... we hope), it’s a bold step forward. Sim’s initiative could set a precedent for other cities, blending traditional governance with modern digital assets. Vancouver, meet Bitcoin—your new BFF.

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SOS Calls for Bitcoin, Big Time

Chinese company SOS has made headlines with its plan to scoop up $50 million worth of Bitcoin. In a market where institutional interest keeps heating up, SOS’s move is a power play that says, “We’re serious about crypto.” Whether it’s to hedge against inflation, embrace digital innovation, or just because they can, SOS is stacking sats like there’s no tomorrow. Watch out for this acquisition—it could shake things up in the corporate Bitcoin adoption race.

Bounce Finance Teases Big $AUCTION News

$AUCTION holders, your time might finally be here. Bounce Finance, the brains behind the token, has teased some major updates on X, with one juicy announcement set to drop tomorrow. Speculation is running wild, ranging from token upgrades to partnerships, and the hype train is leaving the station. If you’ve been holding $AUCTION, now’s the time to buckle up because the next few days could be a game-changer. Keep your notifications on—you won’t want to miss this.

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