Fidelity Investments Makes BIG MOVE into Bitcoin! Ethereum OP Token Airdrop (HOW TO CLAIM)!

‘I think fidelity has put their finger on an issue. There are 80 million Americans that currently own or have owned digital assets. 30% of institutions want to be the owners of these digital assets. 401k plan is a pretty common thing for millions and millions of workers to use to save, in order to protect their family interests, and this is going to fill an important vacuum in the investment product market.’

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Today we’ll talk about the huge Bitcoin adoption news and its integration with Fidelity. We’ll talk about the major Ethereum L2 news and a new token that’s dropping that you could potentially claim. We’ll also update you on what’s going on with some of our favorite altcoins like Cardano, like Avalanche, like Terra and so much more.

Fidelity to Allow Bitcoin in 401(k) Retirement Accounts

Fidelity is one of North America’s largest financial service providers. They’ve just made a huge step towards Bitcoin adoption and integration. Fidelity to allow Bitcoin in 401k retirement accounts: Fidelity’s new product will let Americans allocate as much as 20% of their retirement savings into Bitcoin. Why is this such a big deal?

It’s because fidelity is literally the largest in North America by the numbers. 40 million individual investors at fidelity have about 11.8 trillion assets under administration, about 4.5 trillion total discretionary assets, about 2.8 million daily average trades.

‘When you do well, we do well. As a privately held company, we use our investor mindset to make sound judgments for the long term for our customers and our business.’

To articulate why this is such a sound long-term product to offer their 40 million customers and trillions of money under management, please let’s Michael Saylor to clue us in.

First of all, why would you want to put it in your retirement account and secondly, what are the advantages.  

Michael Saylor (on CNBC) explaining why Fidelity News is BIG

‘Bitcoin is a digital property, that makes it the perfect asset for a retirement plan. It’s less risky than bonds, than stocks, than commercial real estate, than gold. It was kind of built for this. Most people buying Bitcoin want to give it to their grandchildren and their great grandchildren, so I think Fidelity’s put their finger on an issue. Eighty million Americans own or have owned digital assets, and 30% of institutions want to own these assets. 401k plan is a pretty common thing for millions and millions of workers to use to save, in order to protect their family interests, and this is going to fill an important vacuum in the investment product market.

Now, I realize that MicroStrategy is technically a tech company, but it is also the largest publicly traded company in terms of Bitcoin holdings, so are you expecting many of your employees to actually adopt this into the retirement plans?

‘Yeah, there’s been a lot of demand for this; they’ve been asking for it for quite a while and so, uh, it’s a technical challenge to offer 401k savings plans and Fidelity has overcome that challenge in offering a great product, so we’re really, really delighted to be able to offer it to our employees.’

10% of all circulating ETH is now in the ETH 2.0 deposit contract

Let’s talk about Ethereum and then the Optimism L2 token airdrop. To begin with, 10% of all circulating Ethereum is now in the eth2 deposit contract. What does this mean? The hunger for ETH staking is insatiable. This is the data. You can see that 10% of circulating ETH is now in the eth2 deposit contract at current prices. That’s over $33 billion committed to securing Ethereum through staking.

Ethereum Layer 2 Network Optimism Is Dropping a Token

The Ethereum layer 2 network Optimism is dropping a token. This is what you need to know. This is being referred to as AIRDROP #1. I’m going to tell you how to check to see if you can claim your tokens and what’s coming in the future. First of all, optimistic protocol (OP) is dropping 5% of the total initial token supply to about a quarter million unique addresses. The focus is on people who:

  • have used Optimism
  • contribute to their communities in a positive way
  • are L2-curious, or have been priced out of L1.

How to Claim Airdrop

The airdrop includes Gitcoin donors, bridge users, multisig signers, snapshot voters – even if you haven’t used OP, you should probably check whether you’re eligible. Be very careful what you click on. The official site is and you can go to the governance section. You actually can’t claim it yet. You can only check to see if you’re eligible, and most likely you will be eligible if you have bridged to optimism and used the L2. This is what it’ll look like. If you’re eligible to claim the airdrop, you can see the eligible criteria are:

This is only Airdrop #1. Users will be able to claim in the future

Going forward, this is what you need to know:

‘This is the FIRST airdrop – 14% of the total supply is reserved for airdrops in the future. If you are not in Airdrop #1, you should probably still bridge your little heart out. If you’re used to L1, OP feels like magic.’

You will perhaps be eligible for future airdrops for the users. Airdrop number one isn’t that interesting regardless of whether you’re able to claim it in this airdrop or not. Starting today, you will most likely be able to claim that if you are an optimist user.

‘Future OP airdrops is the best psyop. Drive activity on Optimism > generate more fee for revenue > donate fee revenue to public good. Turning degeneracy into regeneracy.’

What’s even the point of OP token?

Finally, what’s even the point of Optimism’s token?

‘Crypto needs to scale. The path to a super chain should be paved with public goods. The OP team’s ultimate goal is to decentralize itself into nothingness and seed full control to the community, another stone on the road.’

Cardano has increase block size by 10%

In Cardano’s news: Cardano has recently increased its block size by 10% in order to speed up transactions and DApp performance. Cardano is planning for a bright future alongside Avalanche.

Avalanche’s New Wallet

According to their president, new wallet will feel smooth as silk. If you use Avalanche, you probably use it through the Ethereum hot wallet Metamask. Well, they’re about to launch their own. It’s called Core. It will be a browser extension and mobile wallet specifically for the AVAX ecosystem. Look forward to that if you’re bullish on Avax.

Fireblocks Launches DeFi Support for Terra Amid Growing Institutional Demand

Finally with Terra Luna News: Fireblocks launches DeFi support for Terra Amid growing institutional demand. Institutional investors have reportedly poured in over $500 million in the first week since the integration went live. The key takeaways are:

  • leading crypto infrastructure and custody solutions provider Fireblocks has announced that it has integrated Terra into its institutional platform.
  • The integration allows institutions, including venture capital and hedge funds, to invest and earn high yields on DeFi protocols like Anchor, Lido, and Astroport on Terra.
  • Fireblocks reportedly saw customers deploying $500 million into the Terra ecosystem in the first week since the integration went live on April 18.

I know there’s still a lot of fun and misinformation in cryptocurrency. This is akin to the internet. Even in 1999, the media attacked the internet over energy, saying a lump of coal is burnt every time. The same attack has shifted towards Bitcoin. Yeah, Bitcoin’s not moving up very fast, but it’s not going down very slowly. It’s chopping around in a range. Is it boring? Maybe, but boring is good if you want institutional adoption. I’m extremely bullish on Bitcoin, Ethereum, and the future of this industry.

[This article is a transcription of a video made by Altcoin Daily]

Original video: ]