The Morning Alpha Show. Nov 3
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Description
In this episode of the Fere AI Crypto Market Report, we cover the latest market movements, including the U.S. Bitcoin ETFs now holding over 100 million BTC and what this surge in institutional adoption could mean for Bitcoin’s ($BTC) price. We also discuss regulatory developments, including the SEC’s recent Wells notice to Immutable, targeting its IMX token ($IMX), and the impact this may have on the Web3 gaming space. Additionally, we dive into institutional moves like UBS’s new tokenized money market fund on Ethereum and leadership changes at EigenFoundation, which have raised questions about the future of EigenLayer and its $EIGEN token. We also highlight rising memecoins such as $PNUT, $FRED, $NUT, and $BARONG that are gaining popularity thanks to social media influence, as well as technical updates, including Solana’s ($SOL) recent ‘golden cross’—a bullish indicator. Stay tuned for insights into macroeconomic influences like the potential Fed rate cut on November 7th, and what this could mean for Bitcoin’s role as an inflation hedge. As always, Fere AI keeps you informed on the latest trends, risks, and opportunities in the crypto market amidst global economic shifts.
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