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- Crypto Alpha - 4 November 2024
Crypto Alpha - 4 November 2024
Daily Alpha on All Things Crypto, Web3 and Blockchain
TL;DR
Andre Cronje vs. Coinbase: Fee Drama, Receipts Pending
Singapore Takes the Lead in Finance Tokenization
VC Coins = Memecoins? Zhu Su Says Yes
Ethereum: The New Amazon? 21Shares Thinks So
Polls Put Harris and Trump on Level Ground in Approval Ratings
New AML Laws Give Financial Institutions ‘The Power to Say No’
Trump Win Might Freeze Rate Cuts: JPMorgan’s Take
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Alpha of the Day
Andre Cronje vs. Coinbase: Fee Drama, Receipts Pending
Crypto developer Andre Cronje has some receipts and he’s not afraid to use them! Cronje claims that Coinbase has been bugging him with fee requests for currency listings, and he’s ready to spill all the details. This brewing battle of transparency is like a reality TV showdown for crypto geeks, with everyone waiting for the tea to be served. The allegation stirs up questions about what happens behind closed doors on exchange listings, and if Cronje decides to “publish the receipts,” things could get even more interesting!
Singapore Takes the Lead in Finance Tokenization
The Monetary Authority of Singapore (MAS) is stepping up its digital game with fresh plans to promote the tokenization of financial services. From traditional assets to new-age tech, Singapore’s giving the finance world a futuristic makeover that’ll have its neighbors watching closely. This initiative could mean a future where tokenization is standard in everything from loans to property sales. Singapore’s message? Embrace tech or risk being left behind – and honestly, who wants FOMO on that scale?
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VC Coins = Memecoins? Zhu Su Says Yes
Crypto fund manager Zhu Su isn’t holding back, calling out VC-backed coins as mere Memecoins without value. In his view, these coins are here for the hype without real backbone. It’s a bold take, especially for an industry that thrives on buzz, and it’s sure to ruffle a few feathers. His stance calls for a deeper look at the crypto we all love to trade, surf, and meme about. Zhu’s message? “Don’t be fooled by the buzz; substance over stunts, people!”
According to 21Shares, Ethereum is looking a lot like “Amazon in the 90s”—and yes, that means big things. Just like the e-commerce giant started small and reshaped the entire retail industry, Ethereum might be the tech foundation the world has been waiting for. In their view, ETH could be the network that blockchain applications build upon for decades. So, if Amazon boxes are filling your closet now, imagine a future where Ethereum has just as many ‘holdings’ in your digital life!
Polls Put Harris and Trump on Level Ground in Approval Ratings
In a twist no one saw coming, Vice President Kamala Harris’s approval rating has dropped to match that of former President Donald Trump. The two now find themselves tied in public opinion, and it has everyone wondering how this will play out for the current administration. Whether it’s policy or personality, both sides seem to stir up strong reactions – and if the polling trends continue, we’re in for a wild showdown. Hold on to your hats; things could get real interesting!
Behind-the-scenes stories from across the creator economy.
New AML Laws Give Financial Institutions ‘The Power to Say No’
The latest revision to Anti-Money Laundering laws is a game-changer: financial institutions now have the right to refuse business if they spot high money laundering risks. It’s like having a “swipe left” option for shady financial transactions. This regulatory boost equips banks to keep risky actors at bay, and it could mean fewer loopholes for those who play fast and loose with the rules. It’s one small step for compliance and one giant leap for clean transactions.
Trump Win Might Freeze Rate Cuts: JPMorgan’s Take
If Trump wins, the Federal Reserve may slam the brakes on rate cuts by December, according to JPMorgan Chase. They’re betting a Trump victory would create enough market confidence (or anxiety) to keep interest rates steady. It’s the kind of financial speculation that makes you wonder if Wall Street’s secretly a political analyst. Either way, it’s a reminder of just how tied the economy is to election outcomes – and this time, your wallet might feel it directly.
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Daily #Crypto Alpha | November 4 2024… x.com/i/web/status/1…
— WAGMI | Crypto, DeFi & Web3 News (@wagmiglobal_)
10:40 AM • Nov 4, 2024
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