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Crypto Daily Alpha - August 12, 2024

Doc

Doc

— 4 min read
Crypto Daily Alpha - August 12, 2024
Photo by David Villasana / Unsplash

 

Welcome to today’s edition of the Crypto Daily Alpha newsletter! Here’s your rundown of the most significant events and opportunities in the crypto space today.

 

 

Project Discovery: Aleph Zero EVM Mainnet Launch

Aleph Zero launches its EVM Mainnet today, enabling Ethereum-based smart contracts and broadening opportunities for dApp development. This integration marks a significant step towards cross-chain compatibility and expanding the Aleph Zero ecosystem.

 

 

Token Opportunities

  • Aptos (APT): Aptos is unlocking 2.40% of its circulating supply, valued at $65.14 million. Expect potential volatility and trading opportunities around this event.

  • Arbitrum (ARB): Arbitrum is also unlocking 2.77% of its supply, worth $50.38 million. Accumulation by short-term holders suggests a bullish outlook, making ARB a coin to watch.

     

 

Airdrops

  • Tabichain: Participate in the "Voyages" campaign to earn TABI tokens. This is the second airdrop campaign by Tabichain, focused on gaming enthusiasts.

  • Celestia: Multiple ongoing airdrops are available for TIA stakers. Don’t miss out on these opportunities to increase your token holdings.

     

 

News Highlights

  • Mode Layer 2 Launch: Mode, built on Optimism’s OP Stack, launches today. This Layer 2 solution introduces innovative on-chain referrals and fee-sharing models, presenting new opportunities for investors and developers alike.
  • Bitcoin Price Drop: Bitcoin's price dipped below $59K as institutional buying of stablecoins slowed. Keep an eye on market reactions.
  • Canto Blockchain Outage: The Canto chain experienced a 33-hour outage due to a consensus issue, with an upgrade planned for today. This technical issue highlights the risks and ongoing developments within the blockchain space.
  • Ether ETF Inflows: Ether ETFs saw a positive net inflow of $105 million, marking the first net gain since their launch and indicating increasing institutional interest.

  • $90K Ethereum Transaction Fee Mistake: A crypto user mistakenly paid a $90,000 transaction fee on an Ethereum transfer due to an input error. The incident highlights the importance of double-checking transaction details in the DeFi space, where such mistakes can lead to substantial financial losses.

     

 

That’s all for today! Keep these insights in mind as you navigate the markets, and stay tuned for tomorrow’s Alpha briefing.

 

Welcome to today’s edition of the Crypto Daily Alpha newsletter! Here’s your rundown of the most significant events and opportunities in the crypto space today.

 

 

Project Discovery: Aleph Zero EVM Mainnet Launch

Aleph Zero launches its EVM Mainnet today, enabling Ethereum-based smart contracts and broadening opportunities for dApp development. This integration marks a significant step towards cross-chain compatibility and expanding the Aleph Zero ecosystem.

 

 

Token Opportunities

  • Aptos (APT): Aptos is unlocking 2.40% of its circulating supply, valued at $65.14 million. Expect potential volatility and trading opportunities around this event.

  • Arbitrum (ARB): Arbitrum is also unlocking 2.77% of its supply, worth $50.38 million. Accumulation by short-term holders suggests a bullish outlook, making ARB a coin to watch.

     

 

Airdrops

  • Tabichain: Participate in the "Voyages" campaign to earn TABI tokens. This is the second airdrop campaign by Tabichain, focused on gaming enthusiasts.

  • Celestia: Multiple ongoing airdrops are available for TIA stakers. Don’t miss out on these opportunities to increase your token holdings.

     

 

News Highlights

  • Mode Layer 2 Launch: Mode, built on Optimism’s OP Stack, launches today. This Layer 2 solution introduces innovative on-chain referrals and fee-sharing models, presenting new opportunities for investors and developers alike.
  • Bitcoin Price Drop: Bitcoin's price dipped below $59K as institutional buying of stablecoins slowed. Keep an eye on market reactions.
  • Canto Blockchain Outage: The Canto chain experienced a 33-hour outage due to a consensus issue, with an upgrade planned for today. This technical issue highlights the risks and ongoing developments within the blockchain space.
  • Ether ETF Inflows: Ether ETFs saw a positive net inflow of $105 million, marking the first net gain since their launch and indicating increasing institutional interest.

  • $90K Ethereum Transaction Fee Mistake: A crypto user mistakenly paid a $90,000 transaction fee on an Ethereum transfer due to an input error. The incident highlights the importance of double-checking transaction details in the DeFi space, where such mistakes can lead to substantial financial losses.

     

 

That’s all for today! Keep these insights in mind as you navigate the markets, and stay tuned for tomorrow’s Alpha briefing.

 

Welcome to today’s edition of the Crypto Daily Alpha newsletter! Here’s your rundown of the most significant events and opportunities in the crypto space today.

 

 

Project Discovery: Aleph Zero EVM Mainnet Launch

Aleph Zero launches its EVM Mainnet today, enabling Ethereum-based smart contracts and broadening opportunities for dApp development. This integration marks a significant step towards cross-chain compatibility and expanding the Aleph Zero ecosystem.

 

 

Token Opportunities

  • Aptos (APT): Aptos is unlocking 2.40% of its circulating supply, valued at $65.14 million. Expect potential volatility and trading opportunities around this event.

  • Arbitrum (ARB): Arbitrum is also unlocking 2.77% of its supply, worth $50.38 million. Accumulation by short-term holders suggests a bullish outlook, making ARB a coin to watch.

     

 

Airdrops

  • Tabichain: Participate in the "Voyages" campaign to earn TABI tokens. This is the second airdrop campaign by Tabichain, focused on gaming enthusiasts.

  • Celestia: Multiple ongoing airdrops are available for TIA stakers. Don’t miss out on these opportunities to increase your token holdings.

     

 

News Highlights

  • Mode Layer 2 Launch: Mode, built on Optimism’s OP Stack, launches today. This Layer 2 solution introduces innovative on-chain referrals and fee-sharing models, presenting new opportunities for investors and developers alike.
  • Bitcoin Price Drop: Bitcoin's price dipped below $59K as institutional buying of stablecoins slowed. Keep an eye on market reactions.
  • Canto Blockchain Outage: The Canto chain experienced a 33-hour outage due to a consensus issue, with an upgrade planned for today. This technical issue highlights the risks and ongoing developments within the blockchain space.
  • Ether ETF Inflows: Ether ETFs saw a positive net inflow of $105 million, marking the first net gain since their launch and indicating increasing institutional interest.

  • $90K Ethereum Transaction Fee Mistake: A crypto user mistakenly paid a $90,000 transaction fee on an Ethereum transfer due to an input error. The incident highlights the importance of double-checking transaction details in the DeFi space, where such mistakes can lead to substantial financial losses.

     

 

That’s all for today! Keep these insights in mind as you navigate the markets, and stay tuned for tomorrow’s Alpha briefing.

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