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- Crypto Alpha, 29 May 2024
Crypto Alpha, 29 May 2024
Daily Alpha on All Things Crypto, Web3 and Blockchain
TL;DR
Memecoins dominate the crypto open interest charts, claiming 4 out of the top 10 spots.
Blockchain developer Sphere introduces a bank-to-wallet Telegram extension.
HTX crypto exchange surpasses Coinbase in trading volumes.
BlackRock incorporates its own Bitcoin ETF into income and bond funds.
ZKasino offers investors a 72-hour window to reclaim deposited ETH.
Ledger begins shipping its high-end hardware crypto wallet, Ledger Stax.
AI tokens decline as Nvidia jumps 7% — but ‘don’t expect that to last’.
MoonPay unveils a new Web3 tool platform for brands entering the crypto space.
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Alpha of the Day
Memecoins Reign Supreme on Crypto Charts
Who let the dogs out? Apparently, the memecoins did! In a move that would make even Doge proud, memecoins have taken over the crypto open interest charts, securing 4 out of the top 10 spots. It’s like the internet’s favorite joke coins decided to crash the serious finance party and are now drinking all the punch. Whether you’re in it for the lols or the gains, these memecoins are proving that the power of memes is no laughing matter in the crypto world.
Sphere’s New Telegram Extension: Bank-to-Wallet Magic
Ever wish you could just Telegram your money into your crypto wallet? Well, Sphere’s got your back. They’ve just dropped a slick bank-to-wallet extension for Telegram, making it easier than ever to move your fiat to crypto without leaving your favorite chat app. Now you can slide into your own DMs with some serious cash flow, no middleman required. It’s like Venmo and Coinbase had a baby, and it’s living in your Telegram chats.
HTX Flexes on Coinbase in Trading Volumes
Move over Coinbase, there’s a new heavyweight in town. HTX crypto exchange has officially overtaken Coinbase in trading volumes, proving that it’s not just the new kid on the block – it’s the new boss. It’s like David beating Goliath, but with fewer slingshots and more digital assets. So if you’re looking to trade like a pro, HTX might just be your new favorite platform. Sorry, Coinbase, it’s not you, it’s us. We like bigger volumes.
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BlackRock’s Bitcoin ETF: Now in Your Bond Funds
In a move that screams, “Hey, we’re cool too!”, BlackRock has added its own Bitcoin ETF to their income and bond funds. That’s right, your grandpa’s bond fund just got a crypto makeover. It’s like putting a leather jacket on a grandpa sweater – suddenly, it’s edgy. So if you’re into the idea of mixing some Bitcoin spice into your traditional investments, BlackRock’s got you covered. Get ready for a wild ride, old-school investors!
ZKasino’s ETH Reclaim: 72 Hours to Get Your Crypto Back
ZKasino is giving investors a second chance to reclaim their deposited ETH with a 72-hour window. It’s like a crypto version of “Lost and Found” but with a ticking clock. If you’ve got ETH sitting in ZKasino, now’s the time to act fast and get your assets back before they’re gone for good. It’s a limited-time offer, and who doesn’t love those? Hurry up and grab your ETH before it’s too late. Tick-tock, crypto friends!
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Ledger Stax: The Luxury Crypto Wallet Arrives
Attention crypto hoarders: Ledger has started shipping its high-end hardware wallet, Ledger Stax. It’s like the Rolls Royce of crypto wallets, promising to keep your digital gold safe while looking sleek as hell. If you’re tired of the basic wallets and want something that screams sophistication, the Ledger Stax is your new best friend. Just imagine pulling this bad boy out at a crypto meetup – instant street cred.
AI Tokens Tumble as Nvidia Soars – But Don’t Blink
The crypto market’s latest drama: AI tokens are taking a nosedive while Nvidia’s stock is skyrocketing by 7%. But don’t get too comfy with these trends – they’re as fleeting as a Snapchat message. It’s a classic case of “what goes up must come down” and vice versa. So, while AI tokens might be crying in the corner now, who knows what next week will bring? Stay tuned for the next episode of Crypto Volatility Theater.
MoonPay’s Web3 Toolkit: A Brand’s Best Friend
MoonPay just unveiled a shiny new Web3 tool platform for brands looking to dip their toes into the crypto waters. Think of it as the Swiss Army knife for your brand’s crypto journey. From NFTs to payments, this toolkit has everything you need to make your brand a Web3 superstar. It’s like giving your brand a superhero cape and sending it off to conquer the crypto universe. So, brands, suit up – it’s time to get crypto-savvy with MoonPay!
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Daily #Crypto Alpha | May 29 2024
• #Memecoins dominate the crypto open interest charts, claiming 4 out of the top 10 spots.
• #Blockchain developer Sphere introduces a bank-to-wallet #Telegram extension.
• #HTX crypto exchange surpasses #Coinbase in trading volumes.
•… x.com/i/web/status/1…
— WAGMI | Crypto, DeFi & Web3 News (@wagmiglobal_)
5:35 AM • May 29, 2024
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