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- Crypto Alpha - 7 November 2024
Crypto Alpha - 7 November 2024
Daily Alpha on All Things Crypto, Web3 and Blockchain
TL;DR
Musk: X is now the place to uncover the truth.
Tether issued 2 billion USDT on the Ethereum blockchain.
Biden extended an invitation to Trump to meet at the White House to discuss the power transition.
Harris reached out to Trump to congratulate him on his win.
The global cryptocurrency market cap surpassed $2.6 trillion.
Harris delivered a speech acknowledging her loss.
Biden had conversations with both Trump and Harris, offering congratulations to Trump on his victory.
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Alpha of the Day
Musk: X is Now the Place to Uncover the Truth
Elon Musk, the self-proclaimed master of chaos, has officially declared X (formerly Twitter) as the ultimate truth-finding machine. Forget fact-checkers; with Musk at the helm, X is now where the world gets its reality check. Whether it's for the latest conspiracy theories, outrageous political opinions, or just funny memes, X is the new hotspot for "uncovering the truth." Of course, whether that truth is accurate or not is a different story, but hey, itâs the internet, and whatâs the fun if you canât stir up some drama? Musk's claim adds fuel to the fire of Xâs ever-evolving reputation: itâs messy, itâs wild, and, according to Musk, itâs where truth lives now. Just bring your own filter.
Tether Minted 2 Billion USDT on Ethereum
Tether just casually minted 2 billion USDT on Ethereum, proving once again that when it comes to creating stablecoins, they donât play around. If you thought the crypto market couldnât get any more saturated, well, think again. USDT, the industryâs heavyweight stablecoin, is making sure itâs well-distributed across the Ethereum blockchain, which is like having your cake and eating it too. With this minting move, Tether is asserting its dominance while keeping the crypto economy stable (sort of). Theyâre basically the "we got you" in a world full of market fluctuations. The move has crypto enthusiasts feeling secure, at least until the next market drop.
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Biden Extended an Invitation to Trump to Meet at the White House
In a move that could only be described as political peace-making, President Biden invited former President Trump to the White House to discuss the transition of power. Yes, you read that rightâBiden, the man who took office in a whirlwind of tension, is now trying to make nice with the guy who was leading the charge on the whole "not my president" movement. Maybe it's the power of diplomacy, or maybe it's just to make sure Trump doesnât "accidentally" start another Twitter war. Either way, it's an offer for a sit-down that had the nation wondering if the two would be exchanging pleasantries or preparing for a WWE-style face-off. Guess we'll see what happens behind those White House doors.
Harris Reached Out to Trump to Congratulate Him on His Win
In a moment of political grace, Harris picked up the phone (or whatever communication tool politicians use) to congratulate Trump on his victory. It's like when your rival aces the big exam and you muster up the courage to say, âWell done, you did it.â The tension between them might still be palpable, but itâs nice to know that even in the world of politics, thereâs room for some good sportsmanship. If only we couldâve been a fly on the wall during that conversationâHarris trying to maintain that professional tone while Trump probably had a few words about how everything is "tremendous." At least it wasnât a "thanks, but no thanks" situation, right?
The Global Cryptocurrency Market Cap Surpassed $2.6 Trillion
Crypto just hit another milestoneâbecause, of course, it did. The global market cap of all cryptocurrencies has surpassed a staggering $2.6 trillion, sending waves of excitement (and FOMO) across the digital finance world. Itâs like the entire market suddenly hit a growth spurt and left all the naysayers eating dust. With more coins and tokens popping up than we can count (literally), this market cap surge is a reflection of how mainstream crypto is becoming. From the OG Bitcoin to meme coins and stablecoins, itâs all contributing to this trillion-dollar juggernaut. Now, if we could only get those gas fees down...
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Harris Delivered a Speech Acknowledging Her Loss
In what can only be described as a graceful (yet somber) moment, Harris delivered a speech acknowledging her loss. Itâs the kind of political maturity we all wish we could muster after an intense competition. Imagine having to stand in front of a crowd, put on a smile, and graciously accept defeat after fighting for so long. Harris nailed it, channeling all the "itâs not about winning, itâs about trying" energy. Of course, the entire speech was loaded with all the right political phrasing, but still, the humanity behind it was a reminder that, in the end, itâs not just about the raceâitâs about the response.
Biden Had Conversations with Both Trump and Harris, Offering Congratulations to Trump on His Victory
Biden had a busy day, juggling conversations with both Trump and Harris. With grace and diplomacy (which, letâs be honest, isnât always easy), Biden reached out to offer his congratulations to Trump on his win. You can almost picture Biden doing his best "letâs keep it civil" dance while balancing political tact. After all, this is the same man who has to keep it together as he navigates a potentially heated exchange between his rivals. Itâs a move that showed the power of unity (or at least, the attempt at unity) in an otherwise divided political landscape. Whatâs next? A roundtable discussion with peacekeepers?
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Daily #Crypto Alpha | November 7 2024⌠x.com/i/web/status/1âŚ
â WAGMI | Crypto, DeFi & Web3 News (@wagmiglobal_)
12:49 PM ⢠Nov 7, 2024
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