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 the US regulatory clarity,

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EU warnings about DeFi, Bitcoin's drop, Elon

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Musk defending Tesla attorneys, Gemini's lawsuit

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against Digital Currency Group, OpenSea's support

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for NFTs on Zora's network, the U .S. remaining

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a crypto center, Bitcoin tokens moving to Ethereum,

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leadership change at Polygon Labs, AI choosing

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Bitcoin, Sega rethinking crypto games, Wimbledon

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data turned into NFT, a chat bot allegedly backing

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a man's plot, the uncertain future of DeFi and

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AI aiding digital artists. Additionally, we'll

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discuss Bitcoin spot ETF attracting new investors,

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Ethereum's protocol upgrade, Bitcoin hitting

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a one -year high, Solana surging, AI's ability

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to move Bitcoin, chat GPT interpreting code to

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prove Earth is round, Winklevoss suing Silbert,

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Binance CEO dismissing FUD, Musk and Zuckerberg

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exchanging jabs on Twitter, Vitalik Buterin advising

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Bitcoin experimentation, Robert F. Kennedy Jr.

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purchasing Bitcoin, AI enhancing game development,

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and the decrease in crypto code commits. Finally,

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we'll talk about BTC defending $1 .30K after

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BlackRock's ETF application, Gemini suing Genesis,

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Arthur Hayes seeing BTC as an AI currency, and

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Ripple's victory that may void an investor lawsuit.

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So, let's dive into the latest news in the crypto

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world. It seems like regulatory clarity is on

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its way for the U .S. according to Bitcraft's

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legal counsel. This is great news for the industry,

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as it will provide a more stable and predictable

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environment for businesses and investors. Additionally,

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the Council predicts that AI will play a significant

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role in venture capital firms, bringing new opportunities

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and efficiencies. But it's not just the US that

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needs to pay attention to the changing landscape.

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EU regulators have been warned not to ignore

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decentralized finance, DeFi. The trade body for

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Europe's wholesale financial markets believes

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that regulations are necessary for decentralized

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activities. In other news, Bitcoin recently dropped

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to $30 ,000 amidst expectations of a Fed rate

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hike. A monthly report on the U .S. job sector

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caused some uncertainty as the market prepared

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for higher interest rates. Elon Musk's legal

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team is facing accusations of inappropriate behavior

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in the Dogecoin lawsuit. Musk himself called

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the motion to kick his attorneys off the case

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an insult. Gemini Trust Company has initiated

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a lawsuit against digital currency group and

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CEO Barry Silbert, alleging fraud. This complaint

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was filed on Friday, so we'll have to keep an

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eye on how this unfolds. OpenSea has shown support

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for NFTs on Zora's Ethereum Layer 2 network.

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Users can now trade and mint NFTs through OpenSea's

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platform, which is a significant development

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for both projects. While crypto continues to

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evolve, K33. Research highlights that the U .S.

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remains the center of gravity. for the industry.

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The country accounts for 30 % of the industry's

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headcount, despite potential short -term pain

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from regulatory enforcement. Speaking of Ethereum,

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Bitcoin BRC20 tokens are making their way onto

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the Ethereum network as tradable NFTs. Ordi and

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OxBT are leading the way in this bridging process.

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In the world of Polygon Labs, President Ryan

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Wyatt has stepped down and Mark Boyran has been

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named the new CEO. Wyatt remains involved in

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the industry, providing advice and investments.

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As for the future of AI, according to Arthur

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Hayes, it will choose Bitcoin as its native currency.

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Hayes believes that Bitcoin provides the necessary

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characteristics for AI to thrive, permissionlessness,

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scarcity, and continuous access. Moving on to

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the gaming world, Splinterland's co -founder

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Matt Rosen discusses the game's evolution over

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the past five years and dismisses fears, uncertainties,

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and doubts surrounding crypto. Meanwhile, Sega

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is rethinking its blockchain plans for crypto

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games and won't be using major intellectual properties.

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Sega Koko 'o Shujutsumi finds play -to -earn

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games boring. In a unique twist, Andy Murray's

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Wimbledon tennis data has been transformed into

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NFT artwork. Refik Anadal, the creator of MoMA's

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Unsupervised exhibition, crafted this Ethereum

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NFT based on Murray's data. Unfortunately, AI

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chatbots have made headlines for the wrong reasons.

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A man allegedly received support from a replica

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chat bot for his plan to harm Queen Elizabeth

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II. It's a chilling reminder of the potential

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dangers of AI. Looking at the future of DeFi,

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many are questioning what comes next after Terra's

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collapse. With DeFi's past successes behind us,

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the industry is eagerly searching for the next

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big thing in decentralized finance. Finally,

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digital artist Jenny Pisanen shares her journey

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and how AI has become her muse. Passenent embraces

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AI as a tool to enhance her dreamy creations

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and push the boundaries of digital art. Volatility

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shares co -founder Justin Young expressed his

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disbelief at why spot Bitcoin wasn't allowed.

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He believes opening the door to spot Bitcoin

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would attract new investors. On another note,

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an Ethereum developer explained why proto -dansharding

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is significant. He highlighted that it would

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enhance data handling efficiency and reduce costs.

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This week, Bitcoin experienced a surge, reaching

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a one -year high before settling down by Saturday.

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Meanwhile, new Lightning Labs tools now enable

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AI, particularly large language models like ChatGPT,

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to hold, send, and receive Bitcoin through the

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Lightning network. ChatGPT's new code interpreter

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has an unexpected use case, proving to flat earthers

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that the earth is round. Although it has the

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potential to revolutionize society's relationship

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with computers, the team had other priorities

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in mind. On crypto Twitter, the Winklevoss twins

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called on Barry Silbert to negotiate, only to

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sue him three days later. Meanwhile, finance

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CEO Changping Zhao advised his followers to ignore

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fear, uncertainty, and doubt, FUD. Tech founders

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Elon Musk and Mark Zuckerberg engaged in a taunting

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exchange on Twitter, overshadowing topics like

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AI, the metaverse, and self -driving cars. The

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two CEOs seemed focused on establishing dominance

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in the social media sphere. Ethereum inventor

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Vitalik Buterin offered advice to Bitcoiners,

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suggesting that the cryptocurrency should explore

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more experiments if it wants to go beyond being

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a means of payment. Despite recent claims, crypto

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booster Robert F. Kennedy Jr. reportedly invested

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in Bitcoin. Interestingly, Kennedy's campaign

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had conflicting statements about who in his family

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owned the cryptocurrency. Unity CEO believes

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that AI will make games faster, cheaper, and

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better. He emphasized that AI won't replace humans

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in the game creation process, but rather empower

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them to utilize AI tools effectively. While crypto

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prices have been rising, there has been a drop

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in crypto code commits. This decrease in development

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activity could be attributed to the growing popularity

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of artificial intelligence technologies. Comedian

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Sarah Silverman, along with two other authors,

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filed a lawsuit against Meta and OpenAI for using

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their works to train AI -powered chatbots without

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permission. Lastly, meme coin Pepe experienced

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losses as new meme coins emerged, combined with

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declines in Bitcoin and Ethereum. It's an ever

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-changing landscape in the world of cryptocurrencies.

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In this week's crypto recap, Bitcoin, BTC, defended

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the $1 .30K mark after BlackRock refiled its

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application for a spot Bitcoin ETF. This move

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indicates a growing interest in cryptocurrency

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from institutional investors. In other news,

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Gemini has filed a lawsuit against Genesis, alleging

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a failure to recover customers' Bitcoin. The

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outcome of this case could have significant implications

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for the industry. Meanwhile, Arthur Hayes, the

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former CEO of BitMEX, believes that Bitcoin will

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become the chosen AI currency. His prediction

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highlights the potential for Bitcoin to play

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a crucial role in the future of artificial intelligence.

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In a recent development regarding the SEC's lawsuit

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against Ripple, A lawyer for XRP argues that

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a victory for Ripple could render investors class

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action void. This case continues to unfold, affecting

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the fate of XRP investors. Vitalik Buterin, the

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co -founder of Ethereum, praises Bitcoin ordinals

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and believes that the BRC20 standard could revive

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stagnancy in the industry. This is noteworthy

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as Buterin's opinions carry weight in the crypto

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community. Additionally, A clash between Genesis

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and FTX over funds is expected to delay Genesis's

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creditor payout, as reported. This highlights

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the challenges and disputes faced by companies

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in the crypto space. Uniswap Vi4's release is

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anticipated pending Ethereum's Cancun upgrade

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and audit completion, which could bring significant

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improvements to the popular decentralized exchange.

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Lightning Labs has unveiled a toolkit that enables

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artificial intelligence transactions in Bitcoin.

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This innovation showcases the growing intersection

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of AI and cryptocurrency. In the market, Solana,

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S -O -L, has experienced a 12 % daily surge,

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while Bitcoin, BTC, maintains its position at

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$1 .30k. These price movements are closely watched

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by traders and investors. Furthermore, the debate

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between Bitcoin and BTC companies continues.

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Analysts discuss which is the better investment,

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examining factors such as market performance

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and long -term potential. As the race for a spot

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BTC ETF heats up, Cathy Wood, CEO of ARK Invest,

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claims that her company is first in the queue.

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The approval of a Bitcoin ETF would be a significant

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milestone for the cryptocurrency market. In other

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news, a British man lost $100k in a crypto scam,

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but surprisingly had a happy ending. This story

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serves as a reminder of the risks and potential

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rewards associated with the crypto space. Marathon

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Digital, a prominent Bitcoin mining company,

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faced a 21 % decrease in BTC mined in June due

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to extreme weather conditions in Texas. Such

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challenges highlight the vulnerability of the

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industry to external factors. Tether, the leading

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stablecoin issuer, announced the expansion of

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Euro -EURT and EXAT on what they claim to be

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the world's first social -infused exchange. This

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move reflects Tether's continued efforts to expand

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its offerings. Bone Shiba Swap, after a 50 %

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weekly surge, has entered the top 100 ranked

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cryptocurrencies. Meanwhile, BTC appears to be

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stalling at the $1 .30k mark, prompting speculation

00:11:09.019 --> 00:11:11.899
about its future trajectory. Looking back at

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Q2 2023, Bitcoin has demonstrated an impressive

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85 % price increase. This growth has spurred

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interest and investment in the cryptocurrency.

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Coinbase finds itself in another regulatory dispute

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as the SEC claims the company was aware of its

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violation of U .S. securities laws. This ongoing

00:11:29.120 --> 00:11:31.919
saga highlights the challenges faced by cryptocurrency

00:11:31.919 --> 00:11:34.700
exchanges operating within the current regulatory

00:11:34.700 --> 00:11:37.929
framework. Considering Bitcoin's price performance

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after previous halvings, many wonder if history

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will repeat itself. Analysts examine the patterns

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and trends to gain insights into potential future

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price movements. Speaking of price, the question

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arises. Will Bitcoin plummet below $1 .30k? Or

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are the bulls staging a recovery? A detailed

00:11:56.009 --> 00:11:58.509
analysis of the current market situation provides

00:11:58.509 --> 00:12:00.649
some insights into the possible direction of

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BTC's price. In a surprising discovery, a Coinbase

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executive detected $320k in crypto belonging

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to a stranger. This unusual situation raises

00:12:11.250 --> 00:12:13.629
questions about security and ownership within

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the crypto industry. On a different note, famous

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footballer Cristiano Ronaldo has dropped his

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second NFT collection on Binance. Owners of these

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NFTs have the opportunity to meet the star player,

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highlighting the growing popularity of NFTs in

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the sports industry. Amidst regulatory turmoil,

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blockchain gaming continues to dominate the decentralized

00:12:34.679 --> 00:12:38.019
application space. This sector showcases the

00:12:38.019 --> 00:12:40.539
potential of blockchain technology beyond just

00:12:40.539 --> 00:12:43.240
cryptocurrencies. Although new developers may

00:12:43.240 --> 00:12:46.159
have left the crypto industry, experienced coders

00:12:46.159 --> 00:12:48.039
remain committed to building its infrastructure.

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This observation confirms the enduring appeal

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and potential of cryptocurrency technology. As

00:12:54.299 --> 00:12:57.320
for the market, Bitcoin remains shaky at the

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$1 .30k mark, while Pepe experiences a 7 % daily

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drop. These fluctuations indicate the volatility

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that characterizes the cryptocurrency market.

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We appreciate your support for the Bitcoin Street

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Journal and encourage you to find us on fountain

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to stay updated with our latest content. Thank

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you for listening and supporting us. In today's

00:13:46.000 --> 00:13:48.679
episode, we covered a range of topics including

00:13:48.679 --> 00:13:51.840
regulatory clarity in the US, defy warnings in

00:13:51.840 --> 00:13:54.879
the EU, Elon Musk defending Tesla attorneys,

00:13:55.500 --> 00:13:58.759
the rise of NFTs on various platforms, Bitcoin's

00:13:58.759 --> 00:14:01.159
movement to Ethereum, AI's impact on Bitcoin

00:14:01.159 --> 00:14:03.879
and digital art, updates on major players like

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Gemini and Binance, and the latest developments

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in the crypto market. Please support us on fountain

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00:14:26.360 --> 00:14:28.659
Thanks for listening and your support. Thanks

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for listening to today's episode. I'll see you

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guys at the next one and don't forget to subscribe.
