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  • Crypto Alpha - 29 December 2024

Crypto Alpha - 29 December 2024

Daily Alpha on All Things Crypto, Web3 and Blockchain

TL;DR

  • Berachain’s Vault Is Live: Stake It Till You Make It

  • Trump’s Bitcoin Policy: TBD by the Economy

  • Sophon Goes Mainnet: Mining Dreams Realized

  • DeFi’s Fork in the Road: IRS Edition

  • Dormant BTC Wallet Awakens After 11 Years

  • MIRA’s Largest Holder Hits Pause on Selling

  • U.S. Spot Bitcoin ETF: Stacking Sats Like a Boss

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Alpha of the Day

Berachain’s Vault Is Live: Stake It Till You Make It

Ethena’s Berachain just dropped its incentivized pre-deposit vault, giving degens everywhere a shiny new reason to lock up their tokens. Think of it like putting your cash in a piggy bank, but instead of collecting dust, it’s earning rewards. This move is all about luring liquidity before the vault gets fully operational—a sneaky but brilliant strategy. Early birds get the juiciest worms (or yields, in this case), so if you’re not in yet, you might want to dust off that wallet. This is Web3 gamification at its finest: deposit now, profit later, and brag forever.

Trump’s Bitcoin Policy: TBD by the Economy

According to the founder of CryptoQuant, Trump’s take on Bitcoin could be as unpredictable as his tweets, and it all depends on how the U.S. economy is doing. If things are rosy, expect a laissez-faire vibe; if not, BTC might get the side-eye. It’s like Trump is waiting for the economy to swipe right on crypto before making any moves. This leaves the market holding its breath, wondering if Bitcoin will be crowned as digital gold or dismissed as a tech fad. Either way, buckle up—it’s bound to be a wild ride.

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Sophon Goes Mainnet: Mining Dreams Realized

Sophon has officially wrapped up its mining migration and kicked off mainnet mining. It’s like graduating from the crypto kindergarten to the big leagues. Miners are already rolling up their sleeves, ready to get those shiny coins flowing. The migration was no walk in the park, but now that it’s done, it’s game on for decentralized rewards. Sophon’s community can finally reap the benefits of their efforts, proving that sometimes the grind is worth it—literally.

DeFi’s Fork in the Road: IRS Edition

Galaxy Digital’s Research Director says if the IRS decides DeFi front-ends are brokers, it’s a big uh-oh for the industry. Picture this: your favorite DEX suddenly needs to follow traditional broker rules. The community will face three tough choices—compliance, decentralization, or innovation overload. Compliance might kill the vibe; going rogue could alienate users, and innovating around it might take years. It’s a crypto drama that has the whole space clutching its hardware wallets.

Dormant BTC Wallet Awakens After 11 Years

A Bitcoin wallet containing 357 BTC has been resurrected from its digital slumber after 11 years, now holding a cool $34 million. Talk about waking up to a glow-up! Speculations are flying: Is it a savvy OG investor cashing out, or did someone finally find the private key on an old sticky note? Either way, the crypto world is watching this wallet like it’s the final season of their favorite series.

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MIRA’s Largest Holder Hits Pause on Selling

The biggest MIRA token whale is slowing its roll, announcing plans to lock up a third of its stash and chill on selling. It’s like crypto’s version of an exclusive club member saying, “I’ll hang onto these VIP tickets, thanks.” This move has MIRA holders breathing a sigh of relief, knowing their token won’t get dumped anytime soon. It’s a power move that screams long-term faith in the project, and let’s be honest—it’s got the market buzzing.

U.S. Spot Bitcoin ETF: Stacking Sats Like a Boss

The U.S. Spot Bitcoin ETF is flexing hard, having bought 511,314 BTC this year and now boasting a total of 1.13 million. That’s enough Bitcoin to make Satoshi blush. The ETF’s appetite is driving serious market momentum, turning it into the buffet everyone wants a seat at. This kind of institutional FOMO is the stuff bulls dream of, and retail investors can’t help but hope this buying spree sends BTC to the moon.

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