The Morning Alpha Show. Oct 16
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In today’s Fere AI Daily Crypto Market Report for October 15th to 16th, 2024, Emilie and Erik explore the latest trends shaping the crypto market. Bitcoin is pushing toward $67,000, and Ethereum is holding strong above $2,500, bolstered by major institutional inflows. BlackRock and Fidelity ETFs lead the way, while Grayscale is making headlines with a mixed-crypto ETF filing. On the institutional front, Canary Capital is filing for the first Litecoin ETF, and Web3 projects like Azra Games and Opacity Labs are raising millions in funding. Privacy and gaming remain hot topics, with new developments in zk-data verification and blockchain gaming driving investor interest. The hosts also dive into regulatory updates, including Italy's proposed capital gains tax hike on Bitcoin and Bitnomial’s lawsuit against the SEC. Web3 infrastructure takes a leap forward with Hyperlane’s new cross-chain interoperability layer. Erik and Emilie discuss the rising memecoins and AI projects, including Amber and Cheem, which are gaining traction in the market. The Fear & Greed Index is at 73, signaling a bullish market sentiment as Bitcoin dominance reaches 57%, and Total Value Locked in DeFi platforms hits $140 billion. Don’t miss out—tune in for more in-depth insights and the latest market action on Fere AI!
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