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Crypto Alpha, Week 8 2024

All things Crypto, Web3 and Blockchain to keep you updated

TLDR: The Babylon Testnet Goes Live, Satoshi Nakamoto Emails Leaked, Sparking Bitcoin Lore, STRK Distribution and Unlock Turmoil, Ethena USDe Goes Live, a16z Wants a Slice of EigenLayer, Sei Goes Live on Cosmos, Lava Network Partner with SenderLabs, Worldcoin Enters Center Stage & Kraken Hits back at The SEC.

Premium Content of the Week

Bitcoin Highlights of the Week

Valkyrie has introduced a new BTC-leveraged investment product. This product is a leveraged bitcoin futures ETF designed to deliver twice the daily performance of the S&P CME Bitcoin Futures Index they state.

This week marks the launch of the Babylon Testnet. Babylon offers everyone a unique opportunity to engage in Trustless Native Bitcoin Staking. Something that has never been done before.

The Carlson Group, a financial services firm, has expanded its offerings for registered investment advisers (RIAs) by including four out of the 10 Bitcoin exchange-traded funds (ETFs). The $30B investment firm emphasized factors such as asset growth, trading volume, and low fees when selecting funds from providers like BlackRock, Fidelity, Bitwise, and Franklin Templeton.

Although some competitors of Riot Platforms mined greater amounts of Bitcoin in 2023, Riot is gearing up for the Bitcoin halving in 2024. This preparation follows Riot's acquisition of 66,560 mining rigs from MicroBT.

A trove of revealed emails from Satoshi Nakamoto has captivated crypto enthusiasts and historians, shedding light on the visionary's early endeavors with Bitcoin. Of particular interest is email number #3, which provides unprecedented insights into Nakamoto's thoughts on Bitcoin's scalability, economic structure, and future potential.

Ethereum Highlights of the Week

Starknet had a rollercoaster week. Starknet kicked off with a massive airdrop to over 1.3 million users but then faced defensive moves. Starkware's Thursday announcement revealed a revised token unlocking schedule, significantly delaying the release of the 13.4% token tranche originally set for April, now extending until March 2027.

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