Daily Alpha and Summary. December 9, 2024

DeFi

Movement labs Move token goes live

ETH FDN freshly sells 100 ETH FOR 374K DAI

Jupiter approves $860M Jupuary airdrop

Balancer announced that V3 will go live on December 11th

State of the Market

MicroStrategy acquired 21,550 BTC FOR $2.1B

Amazon shareholders considering investing in BTC

Google introduces quantum chip Williow, able to solve a computation in 5 mins which would require a super computer 10^25 years

Biggest liquidation since 2021 happened yesterday at $1.7B, it started from an early sell off from Coinbase traders causing a liquidation cascade (overleraged positions)

Russian State Duma Deputy Anton Tkachev proposed creating of a Bitcoin strategic reserve in Russia.