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  • Crypto Alpha, 6 April 2024

Crypto Alpha, 6 April 2024

Daily Alpha on All Things Crypto, Web3 and Blockchain

🔥 MarginX 🔥

MarginX is a decentralised exchange (DEX) that enables crypto projects, traders and DeFi enthusiasts the freedom to list, trade and provide liquidity.

MarginX Automated limit orderbook market maker (ALO) allows users to create new perpetual markets for any token without listing fees. It gives the ability to create active markets for exotic and illiquid tokens including tokens of nascent and early-stage protocols.

TL;DR

  • Insiders suggest Musk’s xAI artificial intelligence firm might seek a $3 billion raise.

  • Cathie Wood predicts Bitcoin's value to soar to $1.5 million by 2030.

  • Hacker of DeFi project BXH moves 9,491 ETH using Tornado Cash five hours ago.

  • Developers of Ordinals announce Runestone holders to receive airdrops of three Runes Meme coins.

  • Fidelity Bitcoin ETF FBTC accumulates over 150,000 BTC in holdings.

  • South Korean political parties pledge to leverage U.S. Bitcoin ETFs in electoral campaigns.

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Alpha of the Day

Insiders Whisper About Musk’s xAI AI Firm Seeking $3 Billion Raise

Rumors swirl that Elon Musk’s xAI may seek a $3 billion raise, hinting at groundbreaking plans to revolutionize AI with blockchain. Musk's history of innovation fuels speculation about xAI's potential impact. Will this move lead to the next big breakthrough? Only time will tell in Musk's enigmatic journey. As anticipation mounts, investors eagerly await further details, hoping for a glimpse into the future of AI.

Cathie Wood’s Bold Prediction: Bitcoin Skyrocketing to $1.5 Million by 2030

Cathie Wood predicts Bitcoin at $1.5 million by 2030, stirring debate on feasibility. With Bitcoin's growing adoption and finite supply, could Wood's forecast be more than just a dream? As skeptics question the ambitious projection, supporters point to Bitcoin's history of defying expectations.

Explore the hard truths of crypto to propel the industry towards mass adoption

zachxbt’s Allegations of 'Borderline Harassment' by US Law Enforcement Agencies

zachxbt alleges 'borderline harassment' by US authorities, sparking regulatory scrutiny speculations. The incident highlights the need for transparency and compliance in crypto. Amidst concerns over regulatory overreach, the crypto community braces for potential repercussions.

Hacker Strikes Again: 9,491 ETH Moved Using Tornado Cash in DeFi Project BXH

A hacker strikes DeFi project BXH, absconding with 9,491 ETH via Tornado Cash. The incident raises concerns about DeFi security and underscores the need for robust measures. While investigations unfold, users remain vigilant, wary of potential vulnerabilities in decentralized platforms.

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Ordinals Announces Airdrops of Three Runes Meme Coins to Runestone Holders

Ordinals rewards Runestone holders with meme coin airdrops, igniting excitement in the crypto community. Meme coin enthusiasts eagerly await the latest additions to their digital collections. With speculation rife about the potential value of these new tokens, excitement reaches a fever pitch among holders.

Terraform Labs and Do Kwon Implicated in Fraud Following SEC Lawsuit

Terraform Labs and Do Kwon face fraud allegations in an SEC lawsuit, casting doubt on the project's integrity. The incident highlights regulatory risks in the DeFi ecosystem. As investors reevaluate their positions, the fallout from the lawsuit reverberates throughout the crypto industry.

Fidelity Bitcoin ETF FBTC Surpasses 150,000 BTC in Holdings

Fidelity's Bitcoin ETF, FBTC, crosses 150,000 BTC in holdings, signaling growing institutional interest. FBTC bridges traditional finance and crypto, paving the way for broader adoption. With institutional investors flocking to crypto, FBTC's milestone marks a significant step towards mainstream acceptance.

South Korean Political Parties Vow to Utilize US Bitcoin ETFs in Election Campaigns

South Korean political parties pledge to leverage US Bitcoin ETFs in campaigns, embracing digital assets' role in politics. The move reflects increasing mainstream acceptance of cryptocurrencies in electoral strategies. As politicians navigate the evolving landscape of digital finance, Bitcoin ETFs emerge as a key tool for garnering public support.

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🔥 AviaOne 🔥

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