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  • Crypto Alpha - 9 October 2024

Crypto Alpha - 9 October 2024

Daily Alpha on All Things Crypto, Web3 and Blockchain

TL;DR

  • Binance is requesting FalconX to return 1.35 million SOL.

  • Scroll's SCR snapshot is expected to happen on October 19th, with the collection time slated for October 22nd.

  • Robinhood EU is adding ZRO, Render, and IMX to its platform.

  • Canary Capital has submitted an application for a spot XRP ETF to the US SEC.

  • The U.S. government is suspected of having the freedom to sell the 69,370 bitcoins left uncollected from Silk Road.

  • Peter Todd refuted claims that he is Satoshi Nakamoto, the mysterious founder of Bitcoin.

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Alpha of the Day

Binance Wants Its SOL Back!

Binance is calling in its debts, specifically asking FalconX to return a whopping 1.35 million SOL. Sounds like the beginning of a drama-filled episode in the crypto world. Imagine getting a message that’s like, "Hey, you know those million SOL we loaned you? Yeah, we’ll be needing those back." Whether FalconX coughs up the coins smoothly or we witness a slow burn, this SOL saga is one to watch—just don’t expect popcorn, but maybe some memecoins instead.

Scroll's Snapshot Countdown

Mark your calendars, crypto enthusiasts! Scroll's SCR snapshot is set to take place on October 19th, with collection time following on October 22nd. Think of it like a digital Halloween—except instead of candy, you're collecting blockchain goodies. If you're into cross-chain magic and futuristic tokenomics, this one’s worth keeping an eye on. Don’t sleep on it, unless you’re cool with missing out on all the snapshot fun.

Robinhood EU’s New Crypto Additions

Robinhood EU is upping its game by listing ZRO, Render, and IMX on its platform. It's like Robinhood’s version of saying, “Look, we have some shiny new coins for you to trade!” Whether you’re into NFTs, rendering tech, or zero-fee excitement, these new coins promise to bring the fun. Just be careful—trading these could feel like the financial version of playing with fire, and you might just get burned if you’re not watching those charts!

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Canary Capital Eyes XRP ETF

Canary Capital just dropped a big move on the SEC's desk: a request for a spot XRP ETF. While the U.S. waits with bated breath for the SEC to say yes, no, or maybe so, Canary is already making waves with this bold move. If approved, this could make it easier for people to invest in XRP without diving into the wild world of direct crypto trading. Canary’s making sure it stays ahead of the curve, but will the SEC be feeling generous?

The U.S. Gov and the Silk Road Bitcoin Stash

Apparently, Uncle Sam might be holding onto 69,370 bitcoins from the Silk Road and may have the freedom to sell them whenever they please. That’s right, your favorite governmental body is sitting on a fortune that could shake up the market whenever they decide to let it loose. It’s like finding out your conservative uncle has a secret vault of Dogecoins ready to cash in. Will they, though? Stay tuned for what could be the ultimate market surprise.

Peter Todd: Not Satoshi, Not Today

Peter Todd, once again, had to deny being Bitcoin's mysterious creator, Satoshi Nakamoto. Poor Peter. Imagine people constantly thinking you’re responsible for creating a trillion-dollar revolution, and you’re like, “Nah, I just like blockchain.” No matter how many times he denies it, the rumor mill keeps churning. At this point, Peter could write a self-help book: How to Deal with Being Mistaken for a Crypto God.

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Crypto.com in SEC Hot Water

Crypto.com’s inbox just got a little scarier—they’ve been slapped with a Wells notice from the U.S. SEC. The notice is like the SEC's formal way of saying, “Hey, we’re thinking of suing you. Just FYI.” Looks like things could get bumpy for the exchange as they navigate regulatory waters. Stay tuned to see if Crypto.com fights back or throws up the white flag and settles before things escalate further.

Coinbase’s io․net is Coming

Coinbase is rolling out something new, and it’s called io․net. What is it exactly? Well, it’s another mysterious project in the wild world of Web3. Whether it’s revolutionary or just another node on the chain, expect Coinbase to hype it up like it’s the iPhone of blockchain products. But hey, with a name that cool, it’s bound to turn heads, right?

Send Bitcoin to Taproot with Coinbase

Good news for the Taproot lovers: Coinbase now lets you send Bitcoin to Taproot addresses. It’s a win for everyone who’s obsessed with privacy and scalability improvements. Think of it as sending your Bitcoin in a more sophisticated, grown-up way. You know, like trading in your old flip phone for a brand-new smartphone that does everything. The future of Bitcoin transactions is here, and it’s looking slick.

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