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  • Crypto Alpha - 9 December 2024

Crypto Alpha - 9 December 2024

Daily Alpha on All Things Crypto, Web3 and Blockchain

TL;DR

  • BABYDOGE Unleashes Millions in Tokens, Heads Straight to Exchanges

  • Tether Prints Another $20 Billion—Call It USDT-mania

  • Ethereum’s Big Meeting Greenlights EIP-7691 for Pectra Hard Fork

  • Bitcoin’s Biggest Fans: BlackRock, MicroStrategy, and Fidelity

  • 0% Capital Gains Tax: The Crypto Honeypot for Investors

  • Bitcoin Suisse Founder Bets on Bitcoin’s Seven-Figure Future

  • Citigroup, JPMorgan, and Friends Complete Tokenized Settlement Pilot

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Alpha of the Day

BABYDOGE Unleashes Millions in Tokens, Heads Straight to Exchanges

BABYDOGE has been on an unlocking spree, releasing $12.02 million worth of tokens since November. And like a dog chasing its tail, every single dollar has made a beeline for exchanges. What’s the strategy here? Speculators are barking about whether this flood of tokens will wag the price up or mark the beginning of a downward spiral. Regardless, BABYDOGE fans are staying loyal, treating it like the golden retriever of meme coins: cute, marketable, and always finding new ways to keep us on edge. Whether you're holding or howling, this token is far from fetching its last story.

Tether Prints Another $20 Billion—Call It USDT-mania

Tether has been busy with the printers this past month, minting a whopping $20 billion in USDT. That’s like printing enough Monopoly money to fill the entire board—and then some. Critics might say this is just fuel for a ballooning market, while fans argue it’s what keeps the crypto ecosystem alive and liquid. Either way, this much USDT sloshing around is bound to keep tongues wagging and wallets trading. Love it or hate it, Tether remains the top dog in stablecoins, proving that sometimes, more really is more.

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Ethereum’s Big Meeting Greenlights EIP-7691 for Pectra Hard Fork

The Ethereum devs just wrapped up their 201st All Core Developers Meeting, giving the thumbs-up to EIP-7691’s inclusion in the Pectra hard fork. For those who skipped the memo, this upgrade promises to keep Ethereum’s engine purring with better scalability and efficiency. While the specifics may sound like tech jargon to some, it’s clear this is another step toward keeping Ethereum at the forefront of blockchain innovation. The real question: will Pectra hard fork memes outnumber the benefits it brings? Knowing the crypto crowd, the odds aren’t in Pectra’s favor.

Bitcoin’s Biggest Fans: BlackRock, MicroStrategy, and Fidelity

When it comes to holding Bitcoin, the cool kids in the financial world are BlackRock, MicroStrategy, and Fidelity. These three giants sit atop the Bitcoin holdings leaderboard, making them the "Mount Rushmore" of crypto whales. With BlackRock’s IBIT, MicroStrategy’s Michael Saylor obsession, and Fidelity’s FBTC, they’re stacking sats like it’s a hobby. If this doesn’t scream “mainstream adoption,” what does? While the rest of us are HODLing on a budget, these institutions are proving that the big bucks see Bitcoin as more than just digital gold—it’s a golden opportunity.

0% Capital Gains Tax: The Crypto Honeypot for Investors

Imagine living in a country where your crypto gains don’t get a haircut from taxes. According to Bitwise’s Strategy Director, nations offering 0% capital gains tax on cryptocurrencies will become the hottest destinations for investors. Picture sunny beaches, laptop workstations, and no IRS in sight—sounds dreamy, right? But it’s not just about lifestyle; it’s about luring in billions of dollars in capital and turning those countries into crypto hubs. Maybe it’s time to brush up on your geography and start packing for the next tax-free paradise.

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Bitcoin Suisse Founder Bets on Bitcoin’s Seven-Figure Future

Seven figures for Bitcoin? That’s the kind of dream that could make any hodler’s heart race. Bitcoin Suisse’s founder is confidently predicting that the king of crypto will keep climbing and potentially break into million-dollar territory. Skeptics might roll their eyes, but the faithful are already calculating Lambos and private islands. Whether it’s the macroeconomic climate, institutional adoption, or just good ol’ FOMO, Bitcoin’s trajectory seems to have no chill. And who knows? A seven-figure Bitcoin might just turn fantasy hodlers into real-world moguls.

Citigroup, JPMorgan, and Friends Complete Tokenized Settlement Pilot

Ten major institutions, including Citigroup and JPMorgan Chase, just pulled off a successful tokenized settlement pilot. Think of it as a dry run for the future of financial transactions, where tokens replace traditional assets for faster, smoother deals. The buzzword? Efficiency. The reality? Institutions finally catching up with what the blockchain crowd has been yelling about for years. This pilot doesn’t just set the stage for more adoption; it signals that Wall Street is ready to go full crypto. Tokenized finance: it’s not just a buzzword anymore—it’s the next big thing.

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