WEBVTT

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Welcome to the Bitcoin Street Journal, your go

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-to podcast for daily live updates on the world

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of Bitcoin markets. With current live Bitcoin

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technical analysis, up -to -date information

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on Bitcoin, BTC price, market capitalization

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and market supply, you'll always be in the know

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on the latest happenings in the ever -evolving

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world of cryptocurrency. Be sure to hit the subscribe

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button to stay informed and never miss an episode.

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In today's episode, We'll cover MicroStrategy's

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recent acquisition of 12 ,333 BTC, Binance's

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EUR banking partner ending support, Bitcoin's

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dominance in derivatives markets, the trial of

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FTX founder, Israel's seizure of crypto accounts,

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Diablo 4 fashion line summoning AR Demon, tasting

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Metaverse ramen, Laguna's rejection of Goatee

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for crypto unicorns, and TUSD's high volume.

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Let's dive into some exciting news from the crypto

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world. First up, we have Horizon Protocol confirming

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that ZEN is losing its status as a privacy coin.

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This development marks an important change in

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the privacy coin landscape. Now, here's something

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that caught everyone's attention. MicroStrategy,

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led by Michael Saylor, recently purchased a staggering

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$12 ,333 BTC for a whopping $350 million. That's

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equivalent to about $28 ,000 per Bitcoin. Talk

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about a big move in the crypto market. Not stopping

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there, MicroStrategy has been on a relentless

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buying spree. As of June 27th, 2023, they now

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hold a whopping 152 ,333 BTC, acquired for approximately

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$4 .52 billion. This means they have an average

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price of $29 ,668 per Bitcoin. Impressive, right?

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Speaking of MicroStrategy, they've made another

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headline. with yet another Bitcoin purchase.

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This time, they acquired an additional 12 ,333

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BTC for a cool $347 million. It seems like MicroStrategy

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is really betting big on Bitcoin. Moving on,

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let's talk about the Federal Reserve. According

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to Tom Luongo, the Fed is projected to raise

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interest rates to 6%. This decision, combined

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with potential bank implosions, is causing quite

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a stir. Stay tuned for the fallout from these

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actions. In other news, Prime Trust has been

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placed in receivership by Nevada's regulator.

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This development raises questions about the state

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of the company and its future. On a more positive

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note, Tether, one of the most popular stablecoins,

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has collaborated with Georgia. Together, they

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aim to position the country as a global hub for

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blockchain innovation. This partnership could

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have significant implications for the crypto

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and blockchain industry. Shifting our attention

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to Ripple, the price of XRP seems to be in a

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bit of trouble. Will the bulls be able to reclaim

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the 50 cents mark and stabilize the price? It's

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certainly an interesting situation that Ripple

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investors are closely watching. In the world

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of tech, Sony is strengthening its foothold in

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Web3 with a $3 .5 million seed funding investment

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in Stardale Labs. This move highlights Sony's

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commitment to exploring the potential of decentralized

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technologies. Now let's discuss Bitcoin. A Matrixport

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analysis suggests that Bitcoin could surge to

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$35 ,000 in July. Will this prediction come true?

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Only time will tell, but it's an exciting prospect

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for Bitcoin enthusiasts. Kucoin, one of the leading

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crypto exchanges, has big plans for July. They

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are introducing mandatory Know Your Customer

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KYC checks for all users. This move reflects

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the exchange's commitment to enhanced security

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and compliance. Turning to venture capital, Paradigm

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remains interested in the crypto and artificial

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intelligence space. This highlights the ongoing

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excitement and potential for growth in these

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fields. Unfortunately, not all news is positive.

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The Arbitrum -based DeFi project, Chibi Finance,

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experienced a rug pull, leading to over $1 million

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being drained from the project. It serves as

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a sobering reminder of the risks associated with

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decentralized finance. In the world of ETFs,

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Cathie Wood's ARK is amending its Bitcoin Spot

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ETF application to emulate BlackRock. This move

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suggests that Wood's firm is closely watching

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the developments in the ETF space and responding

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accordingly. Speaking of price movements, FTT,

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the native token of FTX Exchange, has exploded

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by a staggering 35%. This revival idea has certainly

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caught the attention of traders and investors.

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Now let's talk about MasterCard. They are building

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an Ethereum -based blockchain app store specifically

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for regulated financial apps. This demonstrates

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Mastercard's dedication to exploring blockchain

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technology and its potential applications. In

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MarketWatch news, Ripple's XRP has plummeted

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by 9 % in the past week. Following suit, Cardano's

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ADA has also experienced a decline. These movements

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highlight the volatility that can be seen in

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the crypto market. Binance users take note. there's

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an upcoming requirement for new banking details

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for euro deposits. Make sure to stay updated

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with their instructions to ensure smooth transactions.

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For all you crypto enthusiasts, here's a quick

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rundown of the price analysis for Ethereum, XRP,

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ADA, BNB, and Doge. Keep an eye on these cryptocurrencies

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as their prices continue to fluctuate. FTX Exchange

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is in talks to reboot its flagship international

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crypto exchange. This move could signal a new

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phase for FTX, and it will be interesting to

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see how they reshape their platform. Exciting

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news for the country of Georgia. Tether has signed

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an MOU with the Georgian government aiming to

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foster innovation and develop blockchain, bitcoin,

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and peer -to -peer infrastructure. This partnership

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could have long -lasting effects on Georgia's

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standing in the crypto world. Attention KuCoin

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users. Starting in July, mandatory KYC checks

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will be introduced for all users. This is a significant

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step towards increased security and compliance

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within the platform. Bitcoin has taken center

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stage recently and its dominance in the market

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has risen to 58%, the highest since April 2021.

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This indicates the stronghold Bitcoin has in

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the crypto market. Lastly, let's not forget MicroStrategy.

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They've done it again, acquiring another $12

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,333 BTC for approximately $347 million. With

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an average price of $28 ,136 per Bitcoin, MicroStrategy

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continues to make waves in the crypto world.

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And that wraps up our roundup of the latest news

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in the crypto sphere. Exciting developments,

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market movements, and noteworthy collaborations

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leave us eagerly anticipating what the future

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holds for cryptocurrencies and blockchain technology.

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Stay tuned for more updates on this exciting

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journey. So let's dive into some interesting

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news from the crypto world. First up, Binance's

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EUR banking partner will cease support for the

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popular crypto exchange in September. This move

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could have significant implications for Binance

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users in Europe. Now let's talk about Bitcoin's

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growing dominance in derivatives markets. Since

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the beginning of 2023, the volume ratio of Bitcoin

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to Ethereum has skyrocketed from 47 % to an impressive

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70%. This trend is definitely worth keeping an

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eye on. In some regulatory news, it seems that

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Binance's application for a crypto custody license

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has been denied by the German regulator BaFin.

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This could potentially create challenges for

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Binance's operations in Germany. Moving on, the

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phrase, not your keys, not your crypto, has been

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making waves. But what does it actually mean?

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Well, it's a reminder that if you don't have

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control over your private keys, you don't truly

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own your cryptocurrencies. It's an important

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concept to understand, especially in the wake

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of recent exchange meltdowns. In legal matters,

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FTX founder Sam Bankman Fried is facing a trial

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as a U .S. district judge rejected his bid to

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dismiss most criminal charges. This could have

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significant implications for FTX and its future.

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In some international news, Israel has reportedly

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seized around $1 .7 million from crypto accounts

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linked to Iran's Quds Force and Hezbollah. This

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operation was made possible thanks to new tools

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developed by Israeli security agencies. It marks

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a significant development in the fight against

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illicit financing. Next, we have an interesting

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story about Three Arrows Capital. The liquidators

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of the bankrupt venture capital fund are demanding

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a staggering $1 .3 billion from its co -founders,

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Suju and Kyle Davies. Meanwhile, the co -founders

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have formed a new VC fund called 3AC Ventures.

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In the world of e -commerce, Mercado Libre, the

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e -commerce giant, is giving Mexican customers

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access to the PAX dollar stablecoin through its

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Mercado Pago app. This move could have significant

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implications for the adoption of digital dollars

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in Mexico. Now let's talk about the exciting

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collaboration between Warner Music and Polygon

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Labs. They have launched a blockchain music accelerator

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program that will provide funding, marketing

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support, and other resources to projects at the

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intersection of music and the blockchain. This

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is a remarkable opportunity for innovative projects

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in the music industry. Shifting gears, let's

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talk about art and climate change. John Gerard's

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World Flag Art Collection, presented by Art Blocks

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and Pace, explores the global fight against climate

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change. It's a thought -provoking project that

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sheds light on the urgency of addressing climate

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issues. Now let's move on to MicroStrategy. a

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company that is not hesitating to invest in Bitcoin.

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In the second quarter alone, MicroStrategy spent

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$347 million to buy more BTC, increasing its

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treasury holdings to over $4 .5 billion. This

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demonstrates their unwavering confidence in Bitcoin's

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potential. For all the gamers out there, here's

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some exciting news. You can now earn Bitcoin

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by playing a Candy Crush clone called Sweet Bitcoin.

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It may not be the most original game out there,

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but it certainly adds a fun twist by allowing

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players to earn real crypto rewards. In some

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legal drama, FTX is suing its former compliance

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chief over alleged hush money payments. Daniel

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Friedberg is accused of helping keep things together

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behind the scenes at FTX. This lawsuit shines

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a light on the internal workings of the cryptocurrency

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exchange. Speaking of Bitcoin, Its market dominance

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has reached an impressive 58%, the highest level

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since April 2021. With a market capitalization

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of $590 billion, Bitcoin is undoubtedly a force

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to be reckoned with in the crypto space. Now,

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let's discuss the reboot talks surrounding FTX.

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If the bankrupt crypto exchange manages to restart,

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it's likely that it will undergo a rebranding

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process. This could signal a fresh start for

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the troubled exchange. In regulatory news, an

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ex -trader has been ordered by the CFTC to pay

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a massive $54 million fine. Michael Ackerman,

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an Ohio resident, was charged with defrauding

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victims using a fake crypto trading algorithm.

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This case underscores the importance of regulatory

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oversight within the crypto industry. In exciting

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developments, digital asset manager 3IQ has added

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Ethereum staking to two of its funds. These Ethereum

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ETFs will be the first investment vehicles to

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offer a staking service, providing investors

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with an opportunity to earn passive income through

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staking. Lastly, we have some fallout from the

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Prime Trust incident. Crypto firms Swan and CoinBits

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have disclosed their ties with Prime Trust. While

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Swan managed to withdraw their users funds in

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time, CoinBits has been forced to suspend most

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of its services. This incident highlights the

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potential risks associated with third party custodians

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in the crypto space. And that wraps up our dive

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into the latest news from the crypto world. Stay

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tuned for more updates and exciting developments

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in this ever -evolving industry. In today's episode,

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we've got a great lineup of intriguing stories

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from the world of technology and cryptocurrency.

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First up, we're diving into the fashion world

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with a unique collaboration between Diablo 4

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and a department store pop -up. This game -themed

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denim collection is sure to summon an AR demon

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of style. Next, we have an interesting culinary

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adventure. Chef Esther Choi is bringing noodles

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from the metaverse to our real world. Our very

00:12:44.440 --> 00:12:47.220
own Decrypt team tried these imagined ramen noodles

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and got a chance to speak with the creators of

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this innovative concept. In the realm of gaming,

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we have a surprising decision from Laguna Games.

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They rejected the opportunity to work on Game

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of Thrones in order to bring us crypto unicorns.

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CEO Aaron Beierschmidt shares the vision behind

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this intriguing move. Meanwhile, the true USD

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team is celebrating a trading milestone, but

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some holders are worried about the stability

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of its custodian, Prime Trust. We'll delve into

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the details of this stablecoin's journey. Moving

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on to the world of cryptocurrencies, we explore

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why Citadel -backed EDX has listed Bitcoin, Ethereum,

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Litecoin, and Bitcoin Cash. It seems regulators

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have provided enough reassurance to Wall Street

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about these digital assets, and speaking of cryptocurrencies,

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Ethereum is making waves once again. Consensus

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founder Joe Lubin boldly declares that Ethereum's

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status as a commodity is a foregone conclusion.

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Stay tuned to hear his insights. Shifting gears

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to the realm of artificial intelligence, a recent

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study reveals that humans are more likely to

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believe disinformation generated by AI. We'll

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uncover the implications of this finding, especially

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considering the upcoming launch of GPT -4. Innovations

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in AI go beyond just disinformation. Algorithms

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are now being used to help men become virtual

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Casanovas in the world of online dating. We'll

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explore the fascinating ways in which technology

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is changing the game of love. Now, for all you

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cryptocurrency enthusiasts, we have some exciting

00:14:17.289 --> 00:14:20.850
news. The Bitcoin ETF race is heating up. with

00:14:20.850 --> 00:14:23.450
ARK amending its SEC filing to match BlackRock.

00:14:23.990 --> 00:14:26.149
We'll discuss the significance of this surveillance

00:14:26.149 --> 00:14:29.169
sharing agreement. In other cryptocurrency news,

00:14:29.429 --> 00:14:31.970
we have an important update from KuCoin. They

00:14:31.970 --> 00:14:34.350
are working on strengthening their KYC system

00:14:34.350 --> 00:14:37.029
by introducing new mandatory identity checks

00:14:37.029 --> 00:14:39.809
to increase compliance with global anti -money

00:14:39.809 --> 00:14:43.029
laundering regulations. Stay tuned to hear more

00:14:43.029 --> 00:14:45.879
about this development. For those of you who

00:14:45.879 --> 00:14:48.299
are new to the world of cryptocurrency, we'll

00:14:48.299 --> 00:14:51.460
break down what a Bitcoin ETF is and why companies

00:14:51.460 --> 00:14:53.899
like BlackRock and Fidelity are eager to get

00:14:53.899 --> 00:14:56.620
in on the action. It's all about creating a simple,

00:14:56.980 --> 00:14:59.399
legally compliant way to trade the price of Bitcoin.

00:14:59.740 --> 00:15:01.879
And remember, if you want to protect yourself

00:15:01.879 --> 00:15:04.480
from censorship by Big Gov or Big Tech, it's

00:15:04.480 --> 00:15:06.679
time to get into Bitcoin. Don't forget to show

00:15:06.679 --> 00:15:08.759
your support for the Bitcoin Street Journal on

00:15:08.759 --> 00:15:12.480
Fountain .com, Comma Apple, Spotify, and many

00:15:12.480 --> 00:15:16.440
more platforms. Your likes, shares, and subscriptions

00:15:16.440 --> 00:15:19.840
mean the world to us. And always remember, not

00:15:19.840 --> 00:15:22.779
your private keys, not your Bitcoin. So stay

00:15:22.779 --> 00:15:32.700
tuned, and let's dive into today's stories. In

00:15:32.700 --> 00:15:35.679
today's episode, we covered MicroStrategy's massive

00:15:35.679 --> 00:15:38.639
Bitcoin purchase, Binance's banking partner ending

00:15:38.639 --> 00:15:41.480
support, and some exciting updates from the world

00:15:41.480 --> 00:15:44.429
of gaming and cryptocurrency. Thanks for listening,

00:15:44.870 --> 00:15:46.830
I'll see you guys at the next one, and don't

00:15:46.830 --> 00:15:47.649
forget to subscribe.
