Evan Luthra Alpha
Welcome to Evan's ALPHA Group! 🚀 It's all about making money and having a good time. Just a heads-up, it's all in good fun and learning. Nothing said here is a FA. Follow us on: Instagram: Instagram.com/EvanLuthra X: https://x.com/EvanLuthra
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📢 Skybridge's Scaramucci: Institutional Adoption of Bitcoin Is Happening Now
➡️ Anthony Scaramucci, founder of Skybridge Capital, asserts that institutional adoption of Bitcoin is currently underway. He highlights recent developments such as the State of Wisconsin Investment Board investing in Blackrock’s spot Bitcoin exchange-traded fund (ETF). Scaramucci predicts that more pension funds and institutional investors will follow suit, further legitimizing and expanding the presence of Bitcoin in traditional financial markets.
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📢 Galaxy Ventures Calls Crypto VC Market ‘Challenging’ Amid Slow Growth
➡️ Crypto venture capital funding will reach $12 billion in 2024, just a 2.4% increase from last year’s $9.4 billion, despite Bitcoin hitting a new record.
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📢 US Congress Passes First Standalone Crypto Legislation
➡️ The U.S. Congress has passed its first standalone crypto legislation aimed at overturning the SEC’s controversial SAB 121 rules concerning crypto assets. Despite this legislative victory, President Joe Biden has threatened to veto the bill due to concerns about financial stability and market uncertainty.
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📢 NFT Weekly Sales Drop 9% to $145M, Bitcoin Leads Despite Downturn
➡️ Over the last seven days, the non-fungible token (NFT) market recorded $145 million in sales, marking a decline of over 9% from the previous week. This continues a trend of decreasing sales, with four of the top five blockchains by sales volume experiencing declines during this period. Despite the overall downturn, Bitcoin remains a leading player in the NFT market.
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📢 10 US Bitcoin ETFs Absorb 548,556 BTC Worth $36 Billion
➡️ Recent data shows ten US spot Bitcoin ETFs, excluding Grayscale’s Bitcoin Trust, acquired 548,556 BTC in the past 128 days
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📢 Vitalik Buterin Proposes Enhancements for Ethereum's Decentralization
➡️ Ethereum co-founder Vitalik Buterin suggests improvements to boost the network's permissionlessness and decentralization.
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📢 Venezuela Bans Crypto Mining to Protect Power Grid
➡️ Venezuela has banned cryptocurrency mining to safeguard its power grid, following a recent crackdown that included the confiscation of 2,000 mining devices as part of an anti-corruption initiative. This move reflects the government’s efforts to stabilize the national power supply and address illicit activities in the crypto sector.
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📢 Cointelegraph Features Kima Network's Collaboration with MasterCard's FinSec Innovation Lab!
➡️ Cointelegraph has published an insightful article about Kima Network's partnership with MasterCard's FinSec Innovation Lab, which will operate Kima’s nodes on Kima Network's testnet!
⚡️ The article dives into the Kima x FinSec partnership, explains each solution in detail, and gives a sneak peek into future synergies with FinSec. Don't miss this exciting update!
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📢 Phantom Wallet Climbs Apple App Store Charts
➡️ Phantom Wallet has surged to the third position in the utility category on the Apple app store. This achievement is being viewed by many crypto commentators as a positive indicator for Solana, suggesting increased user engagement and interest in the ecosystem.
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📢 Phantom Wallet Climbs Apple App Store Charts
➡️ Phantom Wallet has surged to the third position in the utility category on the Apple app store. This achievement is being viewed by many crypto commentators as a positive indicator for Solana, suggesting increased user engagement and interest in the ecosystem.
✅ Source