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- Crypto Alpha - 3 November 2024
Crypto Alpha - 3 November 2024
Daily Alpha on All Things Crypto, Web3 and Blockchain
TL;DR
DOGE Takes a Euro Trip: Robinhood Adds Transfers and Withdrawals for Dogecoin in EU
Berkshire Bails: Buffett Trims Apple Stake by 25%
Bitfarms CEO Dreams Big: U.S. as the Bitcoin Mining Capital? Yes, Please
Microsoft Bets $10 Billion on CoreWeave: Cloud Storage for the AI Era
Musk Has Big Plans for X: “Half of the World’s Financial System” or Bust
cbBTC Supply Crosses 11,000 Tokens: The Bitcoin B-Side is Growing
Ethereum Researcher Quits EigenLayer Over Neutrality Concerns
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Alpha of the Day
DOGE Takes a Euro Trip: Robinhood Adds Transfers and Withdrawals for Dogecoin in EU
Robinhood’s European users are now part of the DOGE party, as the platform just enabled support for Dogecoin transfers, deposits, and withdrawals across the EU. It’s like a gift to every DOGE enthusiast who felt left out of the crypto fun. Now, European users can seamlessly hop on or off the DOGE rollercoaster, transferring and managing their coins with just a few clicks. Forget about complicated wallets and cold storage; Robinhood is making it as easy as sending a quick “sup” on a messaging app. This update also means European traders can now dive into the meme-coin madness with no boundaries. DOGE army, assemble!
Berkshire Bails: Buffett Trims Apple Stake by 25%
The Oracle of Omaha is pulling a little more than a bite out of his Apple stock. Warren Buffett’s Berkshire Hathaway trimmed its Apple holdings by a solid 25% in the third quarter, sending Wall Street buzzing. Apple has long been a jewel in Buffett’s crown, but this latest move feels like a semi-official “it’s not you, it’s me.” Maybe he’s making room for a more diverse portfolio, or he’s just not feeling the same spark he once did with the iPhone giant. Either way, this cutback is giving everyone serious FOMO—or making them wonder if they should be following suit.
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Bitfarms CEO Dreams Big: U.S. as the Bitcoin Mining Capital? Yes, Please
According to Bitfarms’ CEO, the U.S. has what it takes to lead the Bitcoin mining world and should go for it! Imagine an America powered by blockchain, where the stars on the flag might as well be tiny Bitcoin symbols. With massive space, energy potential, and growing infrastructure, the U.S. has all the ingredients to outshine countries like China in mining dominance. The CEO’s vision is as ambitious as it is patriotic, but it does raise questions about energy, sustainability, and who’s really got the grit to be king of crypto mining. Uncle Sam, put on your mining helmet!
Microsoft Bets $10 Billion on CoreWeave: Cloud Storage for the AI Era
Microsoft is ready to go big on cloud power with a planned $10 billion investment in CoreWeave’s servers by 2030. CoreWeave, a rising player in cloud tech, is Microsoft’s latest partner in crime as they team up to build infrastructure for the future of AI and cloud computing. This mega-investment signals Microsoft’s faith in CoreWeave’s tech—and also in AI’s looming role in just about everything we do. Think of it as Microsoft building a “supercloud” for an AI-filled world. Ten billion bucks says they’re in it to win it, and they’re aiming high.
Musk Has Big Plans for X: “Half of the World’s Financial System” or Bust
Elon Musk isn’t known for thinking small, and now he’s teasing that X (formerly Twitter) could become half of the world’s financial system if done right. Imagine paying your bills, buying crypto, and maybe even doing your taxes all on a single platform. Musk’s vision could make X an all-in-one financial super-app that’s like a digital Swiss Army knife. But if Musk has taught us anything, it’s to expect a few unexpected plot twists along the way. For now, it’s a dream—one with the potential to reshape how we interact with our money.
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cbBTC Supply Crosses 11,000 Tokens: The Bitcoin B-Side is Growing
The circulating supply of cbBTC just crossed the 11,000-token mark, signaling a growing interest in wrapped Bitcoin. Wrapped tokens like cbBTC let people trade Bitcoin on platforms that aren’t natively Bitcoin-friendly, making it Bitcoin’s flexible cousin. While purists might side-eye this “crypto hybrid,” it’s hard to deny the appeal of moving Bitcoin around in the DeFi world without limits. As more users adopt cbBTC, expect a mix of applause from DeFi fans and a bit of head-scratching from old-school Bitcoiners. Either way, the numbers don’t lie—cbBTC is on the rise!
Ethereum Researcher Quits EigenLayer Over Neutrality Concerns
In the world of decentralized tech, neutrality is everything, and that’s why an Ethereum researcher recently stepped down from their advisory role at EigenLayer. Citing concerns over the platform’s “neutrality,” the researcher decided it was time to make an exit. It’s like quitting a band over “creative differences,” but in the high-stakes world of blockchain. This move has sparked a fresh debate about the role of advisory positions and whether true decentralization is possible. EigenLayer may have lost a team member, but the conversation about neutrality in crypto? That’s just getting started.
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— WAGMI | Crypto, DeFi & Web3 News (@wagmiglobal_)
5:07 PM • Nov 3, 2024
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