• WAGMI
  • Posts
  • Crypto Alpha, 29 March 2024

Crypto Alpha, 29 March 2024

Daily Alpha on All Things Crypto, Web3 and Blockchain

 TLDR:

  • Prisma Finance attacker: Claims to be a "white hat" hero, not a thief.

  • Sam Bankman-Fried: From FTX CEO to prison inmate, sentenced for crypto fraud.

  • Blockchain integration: Mixing money and tech to make cryptocurrencies even more useful.

  • Brazilian exchange B3: Getting ready to bring Bitcoin futures to the party in April.

  • Bitcoin Cash: Rallies 13% ahead of BCH Halving, while Bitcoin is chill at $70K.

  • WIF's profit bonanza: Largest currency holding address floats with $134 million in profit.

  • Venom token: Launches mainnet, gets listed, and surges 30% like a boss.

  • ARK 21Shares Bitcoin ETF: Daily inflows hit $200 million, making it rain in the crypto world.

  • Vitalik Buterin: Believes Ethereum's future is bright as transaction costs get cheaper on Layer 2.

  • Spot Bitcoin ETF IBIT: Smashes records with a whopping $1.8 billion in transactions on March 28.

Up your crypto game and gain an upper hand by signing up to our premium content, sent straight to your inbox once a week! The premium content includes weekly Market Insights, Airdrop Updates & Premium News

Click below to signup to premium content

👇

Alpha of the Day

Prisma Finance Attacker: The Heroic Thief?

The Prisma Finance attacker claims to be the Robin Hood of the crypto world, wearing a white hat instead of a black one. They insist that their actions were meant to protect funds rather than steal them. Well, if they're a hero, they certainly have a funny way of showing it.

Sam Bankman-Fried: From CEO to Cellmate

Sam Bankman-Fried, the former CEO of FTX, must have taken the phrase "cryptocurrency fraud" a bit too literally. He's been sentenced to a cozy 25-year stay in prison. Looks like his days of trading crypto are over, and he'll have plenty of time to think about his decisions. Maybe he can start a prison crypto club.

Blockchain + Money = BFFs

Blockchain technology and money are like two peas in a pod, except these peas are here to revolutionize payments. By integrating monetary theory into the world of cryptocurrencies, we're taking a leap forward in enhancing their utility. Who said money couldn't be nerdy and cool at the same time?

B3's Bitcoin Futures: April Showers of Crypto

Get ready, party people! Brazilian exchange operator B3 is about to spice things up in April with the introduction of Bitcoin futures. It's like a rollercoaster ride for crypto enthusiasts, except you don't have to worry about losing your lunch. Buckle up and enjoy the wild ride!

Bitcoin Cash Rallies: BCH Halving Hype

Bitcoin Cash is strutting its stuff with a 13% rally just before the BCH Halving. Meanwhile, Bitcoin is sitting pretty at around $70,000, sipping a fancy cocktail and watching the show. It's like a sibling rivalry in the crypto family, but hey, we're all winners when the prices go up.

WIF's Floating Profit: Making Waves in Crypto

WIF's largest individual/institutional currency holding address is riding a sweet wave with a floating profit of $134 million. Talk about making it rain in the crypto world! It's like finding a hidden treasure chest full of shiny digital coins. Who needs a ship when you can sail the waves of profit?

Venom Token: The Surging Superstar

Venom token is not playing games. It launches its mainnet, gets listed on an exchange, and then surges a whopping 30%. That's some serious venomous power! Move over, Spider-Man, there's a new hero in town, and it's all about making gains.

ARK 21Shares Bitcoin ETF: Money Inflows Like a Boss

The ARK 21Shares Bitcoin ETF is making it rain with daily inflows hitting a mind-boggling $200 million for the first time ever. It's like a never-ending cash shower in the world of crypto. Who knew investing in Bitcoin could be so popular? The ETF is here to prove that it's the real deal.

Indonesia's Crypto Rules: Sandbox or Bust

In Indonesia, crypto products are playing a high-stakes game. They must pass through the regulatory sandbox or risk facing the wrath of illegality. It's like walking a tightrope while juggling flaming swords. Will they make it to the other side unscathed? Only time will tell.

Uniswap DAO: Diversifying the Money Dance

The Uniswap DAO has decided to shake things up by initiating a proposal vote to diversify its massive $5 billion reserve fund. It's like playing a high-stakes investment game with billions on the line. Move over Wall Street, the decentralized world is taking control and making some seriously bold moves.

Google: Stalking Crypto Wallets Like a Pro

Google is getting in on the crypto action by allowing users to search for Bitcoin, Fantom, Arbitrum, and other wallet addresses. It's like becoming a detective in the world of digital money. Want to know who's holding what? Google's got your back. Just remember, with great search power comes great responsibility.

Vitalik Buterin: Ethereum's Optimistic Visionary

Vitalik Buterin, the mastermind behind Ethereum, is feeling optimistic about its widespread adoption. As transaction costs on Layer 2 solutions decrease, he sees a bright future ahead. It's like watching a phoenix rise from the ashes, except it's a decentralized digital phoenix spreading its wings across the world.

Spot Bitcoin ETF IBIT: Breaking Records Like a Boss

The spot Bitcoin ETF IBIT is on fire, recording a jaw-dropping transaction volume of $1.8 billion on March 28. It's like a crypto trading frenzy, with investors diving in headfirst. The ETF is making waves in the financial world, proving that Bitcoin's popularity is here to stay.

Binance vs. Nigeria: Lawsuits and Drama

Binance, the heavyweight crypto exchange, is throwing punches in Nigeria. Its executives have filed lawsuits against the national security adviser and the Economic and Financial Crimes Commission. It's like a crypto legal showdown, with both sides putting on their fighting gloves. Let's get ready to rumble in the world of digital money!

Other Crypto Reads

Join over 55k+ subscribers who trust us for crypto-native industry insights & research.

Other Good Reads

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

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

Follow us on X

Check out the Podcast

Listen to crypto founders and our weekly roundup on the WAGMI Podcast