Welcome to the Bitcoin Street Journal, Bitcoin
Market Update podcast, your daily source for
live updates on the Bitcoin market. Join us as
we delve into current Bitcoin technical analysis,
track Bitcoin, BTC prices, explore market capitalization
trends and analyze market supply. Stay ahead
of the curve with our comprehensive coverage
of the ever -evolving world of Bitcoin. In today's
episode, we'll cover SEC Chairman Gensler. Rumored
resignation, Celsius selling altcoin portfolio,
Citigroup reviewing partnership with Medeco,
Coinbase prioritizing security, creators of DGods
and Y00T's upcoming developments, Litecoin surging
into top 10 cryptocurrencies, legend of Arcadia
moving to new protocol Sui, Logan Paul facing
criticism for not refunding CryptoZoo NFT buyers,
Arnold Schwarzenegger warning of AI threat, Hong
Kong embracing Web3, Kraken being ordered to
provide user information to IRS, Bitcoin's price
expected to reach $1 .40k with a potential short
-term retracement, and the importance of protecting
your private keys. So there's a rumor going around
that SEC chairman, Gary Gensler, might be stepping
down from his position. Interesting news if it
turns out to be true. Now, let's talk about Bitcoin.
Have you ever wondered how much money it would
take for Bitcoin to reach its peak? Well, there's
been some analysis on that, so stay tuned. In
other news, Celsius, a cryptocurrency platform,
is planning to start selling its altcoin portfolio
into Bitcoin and Ethereum. It seems like they're
taking advantage of the market trends. Citigroup
is apparently reviewing its partnership with
Medeco, a company owned by Ripple. I wonder what
that means for their future collaboration. Coinbase,
one of the popular cryptocurrency exchanges,
is prioritizing security as it prepares to launch
its mainnet. It's good to see them putting safety
first. And speaking of expansion, Ethereum name
service is gearing up for a Layer 2 expansion.
It's great to see the Ethereum ecosystem growing
and offering more possibilities. Litecoin has
been performing well, reaching a 14 -month high
above $100, and Bitcoin is reclaiming the $30
,000 mark. Looks like an exciting time in the
cryptocurrency market. Binance's Yeehee recently
spoke about their battle with the SEC and her
relationship with CZ, the CEO of the exchange.
It's always interesting to hear about the behind
the scenes of such high profile disputes. In
other news, fundraisers in the Russian military
have received $20 million in crypto amid sanctions
over the Ukraine invasion. This raises questions
about the role of cryptocurrencies in international
conflicts. A judge has ordered Kraken, a popular
cryptocurrency exchange, to turn over user information
to the IRS. It seems like regulatory scrutiny
is intensifying. There's been a lot of speculation
about Ripple's ongoing legal battle with the
SEC. Some believe that Ripple will definitely
lose, but there might be a catch. It'll be interesting
to see how this unfolds. Bitcoin has been flirting
with the $30 ,000 mark, but some warning signs
are starting to show. It's crucial to keep an
eye on the market trends and indicators. According
to a report, around $7 .8 billion has been lost
to crypto Ponzi schemes in 2022. It's a stark
reminder of the risks involved in the crypto
space. On the flip side, a survey shows that
over 60 % of institutional investors are bullish
on crypto for the next 12 months. It seems like
confidence in the market is still strong. Moving
on, there's a global race happening when it comes
to central bank digital currencies. CBDCs. It's
fascinating to see the number of countries exploring
this technology and its implications for the
future of finance. Solana, one of the rising
stars in the crypto space, has seen a 5 % daily
jump and is eyeing the $20 mark. Meanwhile, Bitcoin
is maintaining its position around $30 ,000.
Exciting developments in the crypto market. Major
financial firms like Fidelity, VanEck and Invesco
are amending their Bitcoin spot ETF filings following
a warning from the SEC. It looks like they're
adjusting their strategies to comply with regulatory
requirements. It's not just BlackRock. Other
companies have also filed for a spot Bitcoin
ETF in the US. The race for approval is definitely
heating up. OKX, a crypto exchange, is expanding
its Manchester City soccer sponsorship with a
$70 million deal. It's fascinating to see crypto
getting involved in the sports world. The luxury
brand Dior is jumping on the tokenized fashion
trend. They're embracing digital twins on Ethereum
and using an NFC chip -based authentication system.
It seems like NFTs are making their way into
the fashion industry. If you're into gaming,
there's a new NFT first -person shooter game
called EVE .io. It's a free -to -play multiplayer
shooter that allows you to earn Solana while
playing. Sounds like a fun way to get into the
NFT world. The AI industry is booming and Runway
AI is capitalizing on that. The company raised
an impressive $141 million for its text -to -video
technology. Innovation in AI is happening at
a rapid pace. Lastly, Ethereum co -founder Vitalik
Buterin recently expressed sympathy for how Solana
is being treated by US regulators. It's always
interesting to see how leaders in the crypto
space support each other. That's it for the news
roundup today. Remember to stay informed and
make smart decisions in the ever -changing world
of cryptocurrencies. The creators of Ethereum
NFT project DGods and the polygon -based Y00Ts
are making some exciting moves that are giving
off early Facebook vibes. They're teasing expanded
IP rights for holders, which is a big deal in
the NFT world. It's always interesting to see
what new developments are happening in the crypto
space. Remember Litecoin? Well, it's been soaring
lately and has entered the top 10 digital assets
by market cap once again. Litecoin is often referred
to as the silver to Bitcoin's digital gold. It's
not always in the spotlight, but it's been performing
really well recently. Legend of Arcadia, a popular
game, has decided to switch from the Ethereum
Virtual Machine, EVM, to a new protocol called
SUI. In an interview with Decrypt's Kate Irwin,
the executive producer of the game, Andy Lee,
explains why they made this switch. It's always
interesting to learn about the decision -making
process behind these projects. Logan Paul, the
well -known YouTuber, made headlines when he
promised to refund buyers of his Crypto Zoo NFT
game project. However, it seems like he still
hasn't followed through on that promise. It's
important for creators to stand by their commitments
in the NFT space, and it's disappointing when
they don't. Arnold Schwarzenegger, the actor
famous for his role in Terminator, recently warned
about the potential dangers of artificial intelligence,
AI, and drew parallels between the fictional
Skynet and real world AI developments. It's a
reminder that we need to be cautious when it
comes to advancing AI technology. Hong Kong is
embracing Web3 development, according to the
territory's pro crypto financial secretary, Paul
Chan. He sees it as a golden opportunity and
recognizes the potential benefits it can bring.
It's great to see more places recognizing the
value of Web3 and blockchain technology. In other
news, Kraken, the popular crypto exchange, has
been ordered to hand over user information to
the IRS. This emphasizes the importance of understanding
the implications of privacy in the crypto world.
As for Bitcoin, there are some predictions about
its price movement. Analyst Jason Pizzino believes
that if Bitcoin closes above $1 .30K in June,
it could serve as a catalyst for a new macro
bull market. Pizzino also mentions the possibility
of a short -term retracement and highlights some
technical patterns to watch out for. Finally,
if you enjoy our podcast, please support us on
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podcasts, Stitcher, and iHeartRadio. It means
a lot to us and helps us grow. And remember,
when it comes to your Bitcoin, not your private
keys, not your Bitcoin. In today's episode, we
discussed SEC Chairman Gensler's rumored resignation,
Celsius selling their altcoin portfolio, Citigroup
reviewing their partnership with Medeco, Coinbase's
commitment to security, Updates from the creators
of DGods and Y00Ts, Litecoin's surge into the
top 10 cryptocurrencies, the move of legend of
Arcadia to the new protocol SUI, controversy
surrounding Logan Paul and CryptoZoo NFT refunds,
Arnold Schwarzenegger's warning about the AI
threat, Hong Kong's adoption of Web3, Kraken's
obligation to provide user information to the
IRS, Bitcoin's price predictions, and the importance
of protecting your private keys. Thanks for listening
to today's episode. I'll see you guys at the
next one and don't forget to subscribe