WEBVTT

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Welcome to the Bitcoin Street Journal, Bitcoin

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Market Update podcast, your daily source for

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live updates on the Bitcoin market. Join us as

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we delve into current Bitcoin technical analysis,

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track Bitcoin, BTC prices, explore market capitalization

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trends and analyze market supply. Stay ahead

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of the curve with our comprehensive coverage

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of the ever -evolving world of Bitcoin. In today's

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episode, we'll cover SEC Chairman Gensler. Rumored

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resignation, Celsius selling altcoin portfolio,

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Citigroup reviewing partnership with Medeco,

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Coinbase prioritizing security, creators of DGods

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and Y00T's upcoming developments, Litecoin surging

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into top 10 cryptocurrencies, legend of Arcadia

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moving to new protocol Sui, Logan Paul facing

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criticism for not refunding CryptoZoo NFT buyers,

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Arnold Schwarzenegger warning of AI threat, Hong

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Kong embracing Web3, Kraken being ordered to

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provide user information to IRS, Bitcoin's price

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expected to reach $1 .40k with a potential short

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-term retracement, and the importance of protecting

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your private keys. So there's a rumor going around

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that SEC chairman, Gary Gensler, might be stepping

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down from his position. Interesting news if it

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turns out to be true. Now, let's talk about Bitcoin.

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Have you ever wondered how much money it would

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take for Bitcoin to reach its peak? Well, there's

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been some analysis on that, so stay tuned. In

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other news, Celsius, a cryptocurrency platform,

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is planning to start selling its altcoin portfolio

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into Bitcoin and Ethereum. It seems like they're

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taking advantage of the market trends. Citigroup

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is apparently reviewing its partnership with

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Medeco, a company owned by Ripple. I wonder what

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that means for their future collaboration. Coinbase,

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one of the popular cryptocurrency exchanges,

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is prioritizing security as it prepares to launch

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its mainnet. It's good to see them putting safety

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first. And speaking of expansion, Ethereum name

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service is gearing up for a Layer 2 expansion.

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It's great to see the Ethereum ecosystem growing

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and offering more possibilities. Litecoin has

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been performing well, reaching a 14 -month high

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above $100, and Bitcoin is reclaiming the $30

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,000 mark. Looks like an exciting time in the

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cryptocurrency market. Binance's Yeehee recently

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spoke about their battle with the SEC and her

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relationship with CZ, the CEO of the exchange.

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It's always interesting to hear about the behind

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the scenes of such high profile disputes. In

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other news, fundraisers in the Russian military

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have received $20 million in crypto amid sanctions

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over the Ukraine invasion. This raises questions

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about the role of cryptocurrencies in international

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conflicts. A judge has ordered Kraken, a popular

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cryptocurrency exchange, to turn over user information

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to the IRS. It seems like regulatory scrutiny

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is intensifying. There's been a lot of speculation

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about Ripple's ongoing legal battle with the

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SEC. Some believe that Ripple will definitely

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lose, but there might be a catch. It'll be interesting

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to see how this unfolds. Bitcoin has been flirting

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with the $30 ,000 mark, but some warning signs

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are starting to show. It's crucial to keep an

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eye on the market trends and indicators. According

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to a report, around $7 .8 billion has been lost

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to crypto Ponzi schemes in 2022. It's a stark

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reminder of the risks involved in the crypto

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space. On the flip side, a survey shows that

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over 60 % of institutional investors are bullish

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on crypto for the next 12 months. It seems like

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confidence in the market is still strong. Moving

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on, there's a global race happening when it comes

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to central bank digital currencies. CBDCs. It's

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fascinating to see the number of countries exploring

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this technology and its implications for the

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future of finance. Solana, one of the rising

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stars in the crypto space, has seen a 5 % daily

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jump and is eyeing the $20 mark. Meanwhile, Bitcoin

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is maintaining its position around $30 ,000.

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Exciting developments in the crypto market. Major

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financial firms like Fidelity, VanEck and Invesco

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are amending their Bitcoin spot ETF filings following

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a warning from the SEC. It looks like they're

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adjusting their strategies to comply with regulatory

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requirements. It's not just BlackRock. Other

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companies have also filed for a spot Bitcoin

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ETF in the US. The race for approval is definitely

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heating up. OKX, a crypto exchange, is expanding

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its Manchester City soccer sponsorship with a

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$70 million deal. It's fascinating to see crypto

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getting involved in the sports world. The luxury

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brand Dior is jumping on the tokenized fashion

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trend. They're embracing digital twins on Ethereum

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and using an NFC chip -based authentication system.

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It seems like NFTs are making their way into

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the fashion industry. If you're into gaming,

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there's a new NFT first -person shooter game

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called EVE .io. It's a free -to -play multiplayer

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shooter that allows you to earn Solana while

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playing. Sounds like a fun way to get into the

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NFT world. The AI industry is booming and Runway

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AI is capitalizing on that. The company raised

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an impressive $141 million for its text -to -video

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technology. Innovation in AI is happening at

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a rapid pace. Lastly, Ethereum co -founder Vitalik

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Buterin recently expressed sympathy for how Solana

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is being treated by US regulators. It's always

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interesting to see how leaders in the crypto

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space support each other. That's it for the news

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roundup today. Remember to stay informed and

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make smart decisions in the ever -changing world

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of cryptocurrencies. The creators of Ethereum

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NFT project DGods and the polygon -based Y00Ts

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are making some exciting moves that are giving

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off early Facebook vibes. They're teasing expanded

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IP rights for holders, which is a big deal in

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the NFT world. It's always interesting to see

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what new developments are happening in the crypto

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space. Remember Litecoin? Well, it's been soaring

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lately and has entered the top 10 digital assets

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by market cap once again. Litecoin is often referred

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to as the silver to Bitcoin's digital gold. It's

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not always in the spotlight, but it's been performing

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really well recently. Legend of Arcadia, a popular

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game, has decided to switch from the Ethereum

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Virtual Machine, EVM, to a new protocol called

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SUI. In an interview with Decrypt's Kate Irwin,

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the executive producer of the game, Andy Lee,

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explains why they made this switch. It's always

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interesting to learn about the decision -making

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process behind these projects. Logan Paul, the

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well -known YouTuber, made headlines when he

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promised to refund buyers of his Crypto Zoo NFT

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game project. However, it seems like he still

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hasn't followed through on that promise. It's

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important for creators to stand by their commitments

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in the NFT space, and it's disappointing when

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they don't. Arnold Schwarzenegger, the actor

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famous for his role in Terminator, recently warned

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about the potential dangers of artificial intelligence,

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AI, and drew parallels between the fictional

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Skynet and real world AI developments. It's a

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reminder that we need to be cautious when it

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comes to advancing AI technology. Hong Kong is

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embracing Web3 development, according to the

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territory's pro crypto financial secretary, Paul

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Chan. He sees it as a golden opportunity and

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recognizes the potential benefits it can bring.

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It's great to see more places recognizing the

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value of Web3 and blockchain technology. In other

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news, Kraken, the popular crypto exchange, has

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been ordered to hand over user information to

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the IRS. This emphasizes the importance of understanding

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the implications of privacy in the crypto world.

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As for Bitcoin, there are some predictions about

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its price movement. Analyst Jason Pizzino believes

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that if Bitcoin closes above $1 .30K in June,

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it could serve as a catalyst for a new macro

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bull market. Pizzino also mentions the possibility

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of a short -term retracement and highlights some

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technical patterns to watch out for. Finally,

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if you enjoy our podcast, please support us on

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various platforms such as Fountain .com, Apple,

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Spotify, Amazon Music, RSS .com, Pandora, Samsung

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podcasts, Stitcher, and iHeartRadio. It means

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a lot to us and helps us grow. And remember,

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when it comes to your Bitcoin, not your private

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keys, not your Bitcoin. In today's episode, we

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discussed SEC Chairman Gensler's rumored resignation,

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Celsius selling their altcoin portfolio, Citigroup

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reviewing their partnership with Medeco, Coinbase's

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commitment to security, Updates from the creators

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of DGods and Y00Ts, Litecoin's surge into the

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top 10 cryptocurrencies, the move of legend of

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Arcadia to the new protocol SUI, controversy

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surrounding Logan Paul and CryptoZoo NFT refunds,

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Arnold Schwarzenegger's warning about the AI

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threat, Hong Kong's adoption of Web3, Kraken's

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obligation to provide user information to the

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IRS, Bitcoin's price predictions, and the importance

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of protecting your private keys. Thanks for listening

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to today's episode. I'll see you guys at the

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next one and don't forget to subscribe