- WAGMI
- Posts
- Crypto Alpha - 4 December 2024
Crypto Alpha - 4 December 2024
Daily Alpha on All Things Crypto, Web3 and Blockchain
TL;DR
Grayscale Wants to Go Full ETF with Solana
Trump Administration Eyeing IPO Party for Crypto Companies
Paul Atkins Says ‘Thanks, But No Thanks’ to SEC Chair Role
Upbit Takes an Unexpected Timeout
Bitcoin at $89,500 on Upbit? Someone Call a Math Teacher
Grab Your 7 Day Free Trial
You're invited to upgrade your subscription to our Premium membership with a 7 day FREE trial!
No catches. No strings attached. Just pure crypto alpha to get you ahead!
Upgrade now for:
All for just $15/month after the trial.
Don't miss out! Get your FREE trial today 👇
Alpha of the Day
Grayscale Wants to Go Full ETF with Solana
Grayscale has decided it’s time to level up, filing an application with the SEC to transform its Solana Trust into a full-fledged Solana ETF. Imagine Solana fans suddenly upgrading from riding a bike to driving a sports car. While the SEC’s recent record with approving crypto ETFs has been dicey, Grayscale seems unfazed, making bold moves and hoping for a green light. If successful, this could further legitimize Solana in mainstream finance and create a wave of FOMO so strong, it might even pull in those who still call it “that one with the NFTs.” Stay tuned for SEC drama and potential moon talk.
Trump Administration Eyeing IPO Party for Crypto Companies
Word on the street is that the Trump administration is flirting with the idea of opening the IPO floodgates for crypto companies. Think of it as a digital gold rush where Coinbase isn’t the only belle at the ball anymore. Crypto bros are already calculating how this could skyrocket their portfolios, while regulators probably have their hands full figuring out how to contain this “freedom of money” chaos. Whether this means new opportunities for innovation or just another rollercoaster of volatility, one thing’s for sure: this news has everyone talking—and tweeting.
Receive weekly Bitcoin summaries with news, insights and analysis on all things Bitcoin, all for free.
Paul Atkins Says ‘Thanks, But No Thanks’ to SEC Chair Role
Paul Atkins, the guy who could have been Trump’s SEC chair, just noped out of the nomination. Why? Theories abound. Maybe he wasn’t ready to jump into the deep end of crypto policy debates, or maybe he just didn’t want to deal with endless calls about meme stocks and Bitcoin ETFs. Either way, the SEC is left looking for another candidate who’s willing to juggle regulation, innovation, and everyone yelling, “But what about decentralization?” Meanwhile, the crypto world is left wondering if this hesitation signals rougher waters ahead for regulatory clarity.
Behind-the-scenes stories from across the creator economy.
Upbit Takes an Unexpected Timeout
Trading on Upbit went on an unplanned coffee break today, leaving traders scratching their heads and refreshing their screens like it’s Black Friday and the checkout page crashed. While the exact cause of the interruption isn’t clear, speculation ranges from technical hiccups to something more sinister. In the meantime, crypto holders are experiencing what some might call a “forced zen moment,” though most would just call it annoying. Let’s hope Upbit gets back on its feet soon, or there might be a lot of rage-tweeting in the hours ahead.
Bitcoin at $89,500 on Upbit? Someone Call a Math Teacher
Bitcoin is trading at a wild $89,500 on Upbit, thanks to a significant negative premium. For those scratching their heads: yes, that’s way above its global price. Whether it’s an error, a local liquidity crunch, or just another “crypto moment,” this discrepancy has people talking. Traders in other markets are either laughing or crying, while South Korean investors debate whether this is a glitch to exploit or a red flag to avoid. Either way, this kind of drama reminds us why crypto trading is equal parts thrilling and terrifying.
Startup insights, stories, and vibes sent to your inbox every Tuesday.
Follow us on X
Daily #Crypto Alpha | December 4 2024… x.com/i/web/status/1…
— WAGMI | Crypto, DeFi & Web3 News (@wagmiglobal_)
11:45 AM • Dec 4, 2024
Check out the Podcast
Listen to crypto founders and our weekly roundup on your favourite podcast platform