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- Crypto Alpha, Week 6 2024
Crypto Alpha, Week 6 2024
All things Crypto, Web3 and Blockchain to keep you updated
TLDR: MicroStrategy Acquire Additional BTC, ERC-404 Emerge Combining ERC-20 with ERC-721, GoDaddy and Ethereum Name Service Join Forces, EigenLayer Reach $6B TVL, Polygon $MATIC To Be Rebranded, Nolus Protocol Introduces $STRD and $DYDX Leasing, Dymension Goes Live on Mainnet & Archway and Shade Protocol Launch Liquidity Pool.
Bitcoin Highlights of the Week
MicroStrategy, a prominent player in the Bitcoin ecosystem, has acquired an additional 850 bitcoins for $37.2 million. This brings MicroStrategy’s total holdings to 190,000 bitcoin.
Tether leads Oobit’s $25 million Series A round, aiming to propel Bitcoin and crypto adoption via Tap & Pay mobile solutions.
Fidelity Canada announces a 1% Bitcoin allocation in their All-in-One Conservative ETF, while dedicating 3.1% to the aggressive portfolio and 2.5% to the balanced portfolio.
Replit, a software development platform, offers its first Bitcoin-native bounty where applicants are to create a Web5-enabled Bitcoin app for transactions and get paid Bitcoin.
Citrea, Bitcoin’s first ZK rollup, enables complex applications without compromising security or changing consensus rules, by leveraging zero-knowledge proofs.
Ethereum Highlights of the Week
ERC-404 has recently popped up combining ERC-20 with ERC-721. This allows for coins to have fungible and non-fungible properties. This means, fractional ownership of NFTs, and NFT's to be sold immediately on a DEX when sold. This offers a solution for the NFT Illiquidity problem.
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