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  • Crypto Alpha, 9 September 2024

Crypto Alpha, 9 September 2024

Daily Alpha on All Things Crypto, Web3 and Blockchain

TL;DR

  • Fractal Bitcoin unveiled its FB tokenomics, with 80% of the allocation going to the community.

  • Trump has a slim one-point lead over Harris in the New York Times-Siena College national poll.

  • IntoTheBlock revealed that addresses holding between 100 and 1,000 BTC now control 20.3% of Bitcoin’s total supply.

  • The total cryptocurrency market cap is now valued at $1.99 trillion.

  • Polymarket users speculate that the platform may introduce tokens next year, though no official statement has been made.

  • Bitcoin transaction fees have fallen, with high-priority transactions temporarily costing 3 Sat/byte.

  • Stablecoin market value dipped by 0.03% over the past week.

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Alpha of the Day

Fractal Bitcoin Goes Big: 80% for the People

Fractal Bitcoin just dropped its tokenomics, and it’s clear they’re all about community love. A whopping 80% of FB tokens are being set aside for the people—yes, that’s right, the majority of the pie. It’s like the company’s saying, “We’re gonna eat, but you’re getting most of the cake.” In a space where companies love hoarding tokens like they're the last slice of pizza, Fractal’s move feels refreshingly generous. Whether it’s a smart play for decentralization or a wild strategy to get people on board, the community is about to feast. Here’s hoping they don’t drop the plate.

Trump Edges Out Harris: One Point Victory Lap

In the latest New York Times-Siena College poll, Trump is pulling ahead—by a single point. Yeah, that’s like winning a race by sticking your tongue out at the finish line. While it’s not exactly a landslide, you can bet he’s celebrating like he just won by a mile. Meanwhile, Harris is right on his tail, probably thinking, “It’s just one point, dude.” With the polls this tight, expect both sides to ramp up the drama like it’s the final episode of a reality show. Buckle up, this is only the beginning of the election circus.

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Bitcoin Whales in the Mid-Range: 20.3% Control

IntoTheBlock’s data reveals that mid-sized Bitcoin holders—those with 100 to 1,000 BTC—are flexing with control over 20.3% of all Bitcoin in circulation. That’s like being the middle child in the family but secretly holding all the power. These “mid-range whales” might not be swimming with the biggest fish, but they’ve got enough Bitcoin to make waves. So, while everyone’s always talking about the massive Bitcoin whales, don’t sleep on these mid-tier holders—turns out, they’re sitting on quite the stash.

Crypto Market Hits $1.99 Trillion: Almost 2 Trilly!

The total value of the crypto market is now a staggering $1.99 trillion, just shy of a mind-blowing $2 trillion. It’s like when you check your bank account and see you’re $1 away from a nice round number. While the market still fluctuates like a caffeinated squirrel, it’s clear that crypto is back in the big leagues. Investors are hoping this momentum continues and doesn’t pull a “crypto winter” on them. Either way, $1.99 trillion is nothing to sneeze at—crypto’s flexing, and it knows it.

Polymarket Tokens? The Rumor Mill Is Buzzing

Polymarket users are starting to whisper about the potential launch of tokens next year, and the speculation is hotter than a meme coin tweet. But here’s the kicker—Polymarket hasn’t said a word about it. The community is basically playing detective, piecing together hints like they’re solving a mystery novel. If tokens do drop, it could be huge for the platform, but until Polymarket gives an official response, it’s all just hopeful guessing. Stay tuned for the big reveal—or maybe no reveal at all.

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Bitcoin Fees Drop: Cheap Transactions, Anyone?

For anyone tired of Bitcoin’s notorious high fees, there’s good news! Transaction fees have dipped, with high-priority transfers now costing just 3 Sat/byte. It’s like the Bitcoin gods decided to throw us a bone. If you’ve been putting off sending BTC because of sky-high fees, now’s the time to hit “send” and feel good about it. Of course, crypto being crypto, this fee drop might not last long, so enjoy the savings while they’re here. It’s like getting a discount on your favorite snack—feels good, right?

Stablecoins Lose a Little: A 0.03% Shrinkage

Stablecoins may be stable, but their total market value dipped ever so slightly by 0.03% this past week. It’s kind of like dropping a few pennies out of your wallet—nothing major, but still, you notice. The stablecoin market is usually the rock-solid part of the crypto world, so even the tiniest fluctuation gets people’s attention. But honestly, a 0.03% decrease is more like a hiccup than a full-on collapse. Don’t go panicking just yet—stablecoins are still doing their thing, just with a tiny bit less sparkle.

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