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- Crypto Alpha - 29 October 2024
Crypto Alpha - 29 October 2024
Daily Alpha on All Things Crypto, Web3 and Blockchain
TL;DR
BlackRock Drops $1 Billion on Bitcoin – Like a Boss
Musk's PAC Sued Over $1 Million Lottery Stunt
Bitcoin Hits $70,000, And It’s the Party We’ve All Been Waiting For
VanEck’s 2050 Prediction: Bitcoin as a Global Reserve Asset
Election Ballots Go Up in Flames as Ballot Boxes Get Torched
Tether CEO: Going Against the U.S. Government? Yeah, Right
Trump Family's WLF Crypto Project Eyes Stablecoin Launch
Phantom Wallet Has a Glitch and Users Are Shook
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Alpha of the Day
BlackRock Drops $1 Billion on Bitcoin – Like a Boss
BlackRock just made it rain Bitcoin, snapping up $1 billion worth in a single week. It’s almost like they’ve decided to shake up the entire market just because they can – and, really, they can. This move isn’t just about adding some BTC bling to their portfolio; it’s a clear sign they’re placing a big bet on the future of digital gold. BlackRock knows that in the crypto world, go big or go home is the motto. Plus, now that Bitcoin is surging, it looks like they made this move right on time, cashing in on all the FOMO.
Musk's PAC Sued Over $1 Million Lottery Stunt
Elon Musk’s Political Action Committee is getting some legal heat from the U.S. Attorney in Philadelphia. Apparently, the $1 million lottery event wasn’t the jackpot idea they thought it was, and now there’s a lawsuit demanding it be stopped. It’s like trying to run a fun raffle, but then the principal comes in and calls the whole thing off. The timing, though, couldn’t be worse, with Musk juggling lawsuits like he’s in a legal circus – just another day for the king of high-stakes moves. Will the PAC pay up, or will Musk have to draw a different wild card?
Bitcoin Hits $70,000, And It’s the Party We’ve All Been Waiting For
Bitcoin just blew past $70,000, and crypto fans everywhere are in celebration mode. For BTC holders, this is basically Christmas and New Year’s combined, with a little bit of victory parade mixed in. The “to the moon” chants are getting louder as Bitcoin shows no signs of slowing down, and every crypto investor who HODL’d through the rough patches is now looking at their digital wallet like a proud parent. It’s official: Bitcoin has taken its place on the world stage, and everyone else might just be along for the ride.
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VanEck’s 2050 Prediction: Bitcoin as a Global Reserve Asset
VanEck thinks Bitcoin is on its way to global-reserve status by 2050. Yep, BTC could be the official currency of Planet Earth, at least according to VanEck’s crystal ball. Their vision? A world where countries, businesses, and maybe even your grandma use Bitcoin as casually as they use regular cash. This prediction has sparked debate among crypto circles and skeptics alike, and while it sounds futuristic, it also raises one huge question: Are we ready for Bitcoin world domination? VanEck thinks so – bring on 2050.
Election Ballots Go Up in Flames as Ballot Boxes Get Torched
As if U.S. elections couldn’t get any more intense, someone decided to set ballot boxes on fire, damaging hundreds of ballots. Call it extreme voter suppression or a really intense protest, but now election officials are dealing with scorched votes. The drama is real, and this incident adds fuel (literally) to the already heated election season. For voters in those areas, it’s like a slap in the face, but the officials are promising to make sure every voice is still heard. Who knew democracy could get so fiery?
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Tether CEO: Going Against the U.S. Government? Yeah, Right
Tether’s CEO just made it clear that when it comes to opposing the U.S. government, Tether is not about that life. In a recent statement, he said Tether has no interest in challenging Uncle Sam. For the stablecoin issuer, it’s not just about staying compliant – it’s about staying alive in the ever-tightening regulatory space. Tether isn’t here to rock the boat; they’re just here to stay afloat. The message is pretty clear: Tether is all about keeping it cool with the government and avoiding unnecessary drama.
Trump Family's WLF Crypto Project Eyes Stablecoin Launch
The Trump family’s crypto project, WLF, is stepping into the stablecoin game. Love them or hate them, you’ve got to admit they know how to stay in the headlines. The project is aiming to launch its own stable currency, which could shake things up as they join the ranks of the big crypto players. Supporters are thrilled, critics are skeptical, and everyone else is just curious to see how this plays out. It’s a wild world where crypto meets politics, and WLF is diving right into it.
Phantom Wallet Has a Glitch and Users Are Shook
Phantom wallet users were left hanging after a backend glitch brought the platform down, sending some into a mild panic. Imagine opening your crypto wallet and finding… nothing. It’s every crypto user’s worst nightmare, but luckily, Phantom was quick to reassure everyone that their assets were safe. After some tech support wizardry, they were back up, and users could finally breathe. Lesson learned: even in the digital age, sometimes you have to sit tight and wait for the tech team to save the day.
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Daily #Crypto Alpha | October 29 2024… x.com/i/web/status/1…
— WAGMI | Crypto, DeFi & Web3 News (@wagmiglobal_)
7:29 AM • Oct 29, 2024
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