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Crypto Alpha, Week 4 2024

All things Crypto, Web3 and Blockchain to keep you updated

TLDR: BlackRock BTC ETF Hit $2B, The SEC Holds Off on ETH ETFs, Celsius Move $1B in ETH to CEXs, Juno Launches v19 Upgrade, Skip Protocol Introduces Slinky, Solana Introduces Token Extensions & Terra Goes Bankrupt.

Premium Content of the Week

Bitcoin Highlights of the Week

Swan Bitcoin, a new player to the BTC mining scene, is seriously ramping up their mining capacity. Recently announced, Swan Bitcoin have invested $100M in mining capacity, and now has already mined more than 750 bitcoin across its seven mining sites and has three more in the works.

Two weeks after its approval, BlackRock’s BTC ETF becomes the first ETF to surpass the $2B asset under management mark, as it holds $2.11B.

Growing speculation states Google will start BTC ETF ads this coming week, which would be a game changer for funds flowing into BTC ETFs as Google handles 100,000 searches per second.

After a number of BTC sell-outs, Tesla has missed out on $300M in profits. Nonetheless, the company’s remaining BTC holdings is estimated to be around 9,720 BTC.

Asset management firm Bitwise made the BTC address of its BTC ETF public on Jan. 24, becoming the first of the 10 spot BTC ETF issuers to do so. The Bitcoin wallet address has received multiple tips and donations within hours of being public, including some Bitcoin ordinals and rare sats.

Ethereum Highlights of the Week

The SEC has announced it will hold off decisions on ETH ETFs from Grayscale and BlackRock until March, with further delays expected, possibly until May. Naturally, ETH token price took a dig this week.

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