Future of Bitcoin ETFs and Yuga Lawsuit

Crypto & NFTs are moving!

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Hey Alpha fam! In today’s newsletters Bitcoin's market resilience, the Ryder Ripps Yuga lawsuit, and Virtual Reality's future.

In today’s newsletter:

  • 🐂 Bitcoin and Crypto Market Continues to Soar

  • 👀 Ryder Ripps Loses Cases, Owes $1.5 Million to BAYC

  • 🎮 Augmented Reality and Mixed Reality Gains Traction with Cool Games

Read time: 2 minutes 

Web3 News

Data Download:

  • Bitcoin is thriving despite global economic uncertainties

  • Bitcoin is seen as a hedge against inflation and currency devaluation

  • The decoupling of Bitcoin from certain currencies is seen as refreshing

  • Traditional investors may have other options such as spot Bitcoin ETFs to enter the Bitcoin market

Data Feed:

Bitcoin showcases resilience and growth, successfully decoupling from certain currencies and establishing itself as a reliable hedge against inflation and currency devaluation, even amidst global economic uncertainties. The potential approval of a Bitcoin ETF is on the horizon, poised to attract institutional investors and open up new opportunities for traditional investors to enter the market. The current situation is ripe with opportunities, highlighting Bitcoin’s promise as a valuable asset. Listeners are encouraged to stay informed and up-to-date by subscribing to relevant podcasts on the topic.

Alpha Picks

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The Announcement Included:

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Ninjas is a Ordinals PFP project that comes with full commercial rights and a trading tool built on Bitcoin Pizza Ninjas is a cool collection of 1,500 Bitcoin Ordinal art profile pics, made just for Web3 and NFT enthusiasts. They're perfect for X (Twitter) and X (Twitter) Spaces, designed to look great even when they're super small, which is awesome for social media chats. Beyond looking good, they’re also packed with useful features, like showing emotions and signals. So, they're not just your typical NFTs; they're a whole vibe, combining art, utility, and a sense of community all on Bitcoin Ordinals.

Gaming News

Data Download:

  • More and more gamers are posting XR content

  • Meta Quest 3 has been received really well by the tech and gamer community and show cases its abilities through gaming

  • Mark Zuckerberg and Lex Fridman recently debuted their ultra high realistic avatars using the Meta Quest 3 to display its power on a recent podcast

  • XR devices might take market share away from monitor makers

Data Feed:

The tech inside todays VR/XR/AR devices continue to improve drastically. The Meta Quest 3 fully showcases the power of what is possible with XR at a appropriate consumer price point designed to reach a wider user base. Apple will have its hands full competing with the now long time incumbent Meta in the VR/XR/AR space. The future looks pretty bright as competition heats up which ultimately is good for consumers long run. Computer monitor/TV makers might lose market share over time if people start opting into XR devices instead. Also gaming is already a dominant force in VR. Gaming is already starting to take over in AR/XR as well. Gaming best showcases the best forms of entertainment and actual use cases with VR/XR devices. Things are just beginning to heat up!

Join The Largest Web3 Gaming Community on X hosted by Degen Dad Kyle: https://twitter.com/i/communities/1534240558272716803

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