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- Crypto Alpha, Week 11 2024
Crypto Alpha, Week 11 2024
All things Crypto, Web3 and Blockchain to keep you updated
TLDR: Bitcoin Continued ATH, Block Launches Bitkey, Vanguard Remain Anti Bitcoin ETF, Ethereum’s Dencun Upgrade Finally Goes Live, EigenLayer Mainnet Roadmap Reveiled, Osmosis and Astroport Team Up on Customizable Liquidity Pools, Kado Partner with ATOM Accelerator & Binance Labs Spin-off.
Premium Content of the Week
Bitcoin Highlights of the Week
Bitcoin surged to new all-time highs this week, reaching approximately $72,000 on Monday and peaking at $73,679 on Wednesday before retracing to around $68,000. Record inflows, particularly into BlackRock’s IBIT, contributed to the rally. Despite mixed sentiments about the correction, observing tokens that maintain their upward momentum amidst market volatility can provide valuable insights into underlying strength.
A U.K. judge has ruled that Craig Wright, a contentious computer scientist, is not Satoshi Nakamoto and did not write the Bitcoin whitepaper, contradicting his assertions.
Block has introduced its latest self-custodial Bitcoin wallet named Bitkey. This unique crypto wallet, resembling a rock in appearance, is now being delivered to customers who preordered it last year.
Despite facing criticism from customers and ongoing inquiries about the firm’s plans to offer them, Tim Buckley, the CEO of The Vanguard Group, remains staunchly opposed to Bitcoin exchange-traded funds (ETFs). The Vanguard Group is one of the top-tier wealth managers in the world.
On-chain data reveals that a mysterious Bitcoin whale, dubbed "Mr. 100," has piqued curiosity in the cryptocurrency sphere by accumulating more than 52,996 Bitcoin, valued at over $3.5 billion. Since the FTX exchange collapsed in November 2022, the address has consistently been receiving BTC. Starting from February 14th, the wallet has been accumulating at least 100 BTC nearly every day.
Ethereum Highlights of the Week
The eagerly awaited Dencun upgrade for Ethereum was seamlessly implemented on Wednesday, introducing the revolutionary blobs feature. This upgrade drastically reduced rollup costs by up to 99%. Dencun marks a significant stride in Ethereum's scalability journey while maintaining decentralization.
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