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- Crypto Alpha, 21 August 2024
Crypto Alpha, 21 August 2024
Daily Alpha on All Things Crypto, Web3 and Blockchain
TL;DR
DOGS has been added to Binance Launchpool.
Fed Governor Bowman reiterated that an interest rate cut could be on the table if inflation continues to slow down.
Google allows ads from cryptocurrency exchange advertisers targeting Switzerland.
IBIT’s pre-market trading volume today hit $18 million.
Brazil has given the green light for a second Solana ETF.
Binance Labs has announced its investment in Corn.
U.S. presidential candidate John F. Kennedy Jr. and his partners are considering dropping out of the race to support Trump.
Coinbase plans to list Across Protocol (ACX).
Spot gold reached a new all-time high of $2,530.
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Alpha of the Day
DOGS Joins Binance Launchpool: Fetching New Opportunities
Looks like DOGS tokens have found a new playground on Binance Launchpool, and they're wagging their tails with excitement. Now users can stake their BNB, TUSD, or DOGE to farm DOGS tokens. It's like giving your crypto a treat and watching it fetch some returns. With Binance’s massive user base, DOGS might just become the top dog in the token world. If you've ever wanted to see your coins grow into a good boy, this might be your chance!
Fed’s Interest Rate Dance: Bowman Hints at a Possible Cut
Fed Governor Bowman is playing a cautious game of “maybe we will, maybe we won’t” when it comes to interest rate cuts. She’s basically saying, “Hey, if inflation keeps chilling out, we might just slash those rates.” So, while Wall Street tries to read between the lines, Bowman’s giving off big “we’ll see how it goes” vibes. If inflation behaves like a good kid, the Fed might just reward the economy with a little rate-cut treat. Stay tuned, folks!
Google Opens the Ad Floodgates for Swiss Crypto Exchanges
Google is officially saying “Grüezi!” to cryptocurrency exchange advertisers targeting Switzerland. That’s right, the tech giant is now allowing ads for crypto exchanges aimed at the land of chocolate and watches. So if you’re looking to trade some Bitcoin while enjoying a Swiss fondue, those ads might just be your new best friend. Crypto enthusiasts in Switzerland, your digital paradise is about to get a lot more visible.
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IBIT’s Pre-Market Trading Volume Hits $18 Million: Early Bird Gets the Gains
IBIT is flexing its muscles with an $18 million pre-market trading volume today. It's like waking up before your alarm and realizing you’ve got time to hit the gym—except in this case, it's all about the financial gains. If IBIT keeps up this pace, the rest of the market better start stretching because it’s game on. Early birds aren't just getting the worm; they're getting the whole dang feast.
Brazil’s Solana ETF Gets a Sequel: Second Edition Approved
Brazil just gave a thumbs-up to its second Solana ETF, proving that when it comes to crypto, more is definitely merrier. If the first ETF was the trailer, this one’s the blockbuster sequel. Solana fans in Brazil are probably throwing a carnival in its honor, and why not? With another ETF on the way, the country’s crypto scene is turning into a fiesta of financial opportunities. Solana’s samba just got a whole lot stronger.
Binance Labs Bets on Corn: A Kernel of Innovation
In what might be the most unexpected investment news of the year, Binance Labs has just announced its backing of Corn. Nope, not the vegetable—although that would be hilarious. Corn is the latest crypto project to get Binance’s seal of approval, and if Binance Labs has a green thumb for growing crypto projects, this one’s likely to pop. The crypto world might just get a little cornier, and we're here for it.
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JFK Jr. Might Call it Quits: Considering Trump Endorsement
In a plot twist that sounds straight out of a political drama, U.S. presidential candidate John F. Kennedy Jr. and his crew are reportedly thinking about dropping out of the race to support Trump. It’s like one of those reality TV moments where everyone’s jaw hits the floor. If JFK Jr. does throw his support behind Trump, it’s sure to shake things up. Just when you thought 2024 couldn’t get any wilder, here we are.
Coinbase to List Across Protocol (ACX): Crossing New Boundaries
Coinbase is adding another name to its ever-growing roster with the listing of Across Protocol (ACX). If you’re not familiar with ACX, it’s time to start Googling because this protocol is about to get a lot more attention. Coinbase users are probably already dusting off their wallets, ready to make a move. It’s like adding a new track to your playlist—it’s fresh, it’s exciting, and everyone’s eager to see how it’ll perform.
Gold Shines Bright: Spot Price Hits Record $2,530
Gold is doing its best Beyoncé impression, hitting a high note with a spot price of $2,530. Move over, Bitcoin—gold’s still got it! This precious metal is proving that it’s the ultimate diva in the financial world, strutting its stuff while investors cheer from the sidelines. With prices like these, gold’s sparkle isn’t going away anytime soon. Shine on, you crazy diamond (or in this case, gold bar).
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Daily #Crypto Alpha | August 21 2024
• #DOGS has been added to #Binance Launchpool.
• #Fed Governor Bowman reiterated that an interest rate… x.com/i/web/status/1…
— WAGMI | Crypto, DeFi & Web3 News (@wagmiglobal_)
6:19 AM • Aug 21, 2024
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