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- Crypto Alpha - 6 October 2024
Crypto Alpha - 6 October 2024
Daily Alpha on All Things Crypto, Web3 and Blockchain
TL;DR
The LEGO Group’s website was hacked, and a crypto scam briefly appeared before being taken down.
BlackRock's spot Bitcoin ETF gained about 591 BTC yesterday, while its Ethereum ETF took in 5,150 ETH.
Musk switched up his Twitter avatar, now featuring a personal photo with a nod to the U.S. election.
Ethereum whale vladilena.eth moved 3,000 ETH to Binance about 11 hours ago.
U.S. Representative Ro Khanna is now the first Democrat to back the Bitcoin Reserve Bill.
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Alpha of the Day
The LEGO Group’s Crypto Hack: Not the Building Blocks We Wanted
In a move that surprised everyone, including Master Builders, the LEGO Group’s website was briefly hijacked to promote a crypto scam. While LEGO fans were expecting brick-building inspiration, they got a dose of "get-rich-quick" schemes instead. Thankfully, the hack was quickly squashed, and the scam was removed, but the idea of using LEGO bricks to build your crypto empire might take some time to live down. Talk about playing with blocks you didn’t sign up for!
BlackRock's ETFs Stack Up: Bitcoin and Ethereum Leading the Charge
BlackRock’s crypto ETFs are gobbling up digital assets like it’s Black Friday in the crypto world. Just yesterday, the spot Bitcoin ETF stacked an additional 591 BTC, while the Ethereum ETF collected 5,150 ETH. That’s some serious shopping spree in the decentralized mall. Seems like BlackRock’s digital cart is full of future crypto gains while everyone else is just looking for the “add to portfolio” button.
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Musk’s Twitter Avatar: Election Edition
Elon Musk is back at it again with the subtle Twitter flex. He switched his profile picture to one of his personal photos, but wait—there’s more! It’s got a little nod to the U.S. election. Is he teasing a political debut, or just trolling? No one knows, but it’s Elon, so anything’s possible. Either way, this new avatar has Twitter buzzing like an overclocked Tesla.
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Ethereum Whale Moves: 3,000 ETH Sent to Binance
Whale alert! Ethereum whale vladilena.eth made waves by transferring 3,000 ETH to Binance, roughly 11 hours ago. This kind of move is either a "HODL no more" or just whale flexing in the crypto gym. Either way, that’s a hefty transaction that’s bound to ripple through the market. Are they cashing out, or just moving some digital furniture around? Stay tuned.
Ro Khanna: The Bitcoin Reserve Bill Gets Its First Democrat Fan
In a move that shocked some and delighted others, U.S. Representative Ro Khanna became the first Democrat to throw his weight behind the Bitcoin Reserve Bill. Looks like Bitcoin’s crossing the aisle, y’all. Khanna backing this bill might just be the spark crypto needs to gain mainstream acceptance, or at least it means Bitcoin isn’t just for Libertarians anymore. Time to watch the political tides change—crypto-style!
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Daily #Crypto Alpha | October 6 2024
• The #LEGO… x.com/i/web/status/1…
— WAGMI | Crypto, DeFi & Web3 News (@wagmiglobal_)
5:11 PM • Oct 6, 2024
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