Welcome to the Bitcoin Street Journal, Bitcoin
market update podcast, your daily source for
live updates on the Bitcoin market. Buckle up
buttercup 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 Maddox rise before
Polygon 2 .0 rollout, successful NFT sales, the
Magic Johnson -backed fantasy football AI platform,
competition between Claude Tu, ChatGPT, and Google
Bard, the launch of Grand Saga, Unlimited, South
Korea's crypto disclosures mandate, Bitcoin price
analysis, Vanguard's purchase of a stake in Bitcoin
Miner Riot, the peak of Bitcoin's supply with
growing institutional interest, the shutdown
of the largest Algorand DeFi, Grayscale's criticism
of the SEC, the Brazilian CBDC allowing account
manipulation, and the latest updates on the crypto
bill from senators. Matic is on the rise, with
a 9 % surge ahead of the Polygon 2 .0 rollout.
The network's growth is bouncing back, possibly
due to increased on -chain activity and the conclusion
of a $66 million sell -off by bankrupt Celsius.
This positive momentum is good news for Polygon.
In other news, an NFT -powered animated series
created by Dan Harmon called Kripopolis has finally
been given a premiere date. The associated NFT
collection has already generated nearly $1 million
in sales. It's fascinating to see how crappy
NFTs are infiltrating various industries. LOL
Speaking of NFTs, SimWind Sports, backed by Magic
Johnson, is infusing fantasy football with artificial
intelligence and NFTs. They aim to bridge the
gap between e -sports and fantasy sports by offering
a 24 -sevenths virtual football league. This
innovative approach adds a new dimension to the
fantasy football experience. Are you a Minecraft
enthusiast? Well, now you can earn Bitcoin for
playing the game. The SatLantis Minecraft server
has partnered with Bitcoin payments startup Zebedee
to give out over one million Satoshis per week.
It's an exciting way to combine gaming and cryptocurrency.
Unfortunately, not all news is positive. Rodeo
Finance, a Layer 2 DeFi project, was hacked for
472 Ethereum, resulting in a theft of approximately
$888 ,000. These incidents highlight the need
for enhanced security measures within the crypto
industry. Ever wondered what play -to -earn P2E
games are? Unlike traditional games, where in
-game items are owned by the game creators, NFTs
allow players to own the unique assets they acquire.
This concept has gained popularity and is transforming
the gaming landscape. The UK government has decided
to exclude unbacked cryptocurrencies like Bitcoin
from its digital security sandbox initiative.
However, they do not plan to modify the existing
legislative framework for derivatives. This decision
highlights the importance of regulations in the
crypto space. In other news, the first ever engineer
has been charged in a decentralized exchange
hack case. Shaqib Ahmed allegedly used his expertise
to defraud and steal $9 million in crypto. This
case sheds light on the security vulnerabilities
within decentralized systems. There are also
controversies surrounding high -profile figures
in the crypto industry. An FTX executive is being
investigated for illegal donations to his girlfriend's
congressional campaign. The FBI carried out a
raid while examining the political activities
of Sam Bankman Fried. Another unfortunate incident
involves the disappearance of $103 million from
the former anti -swap platform. The hack is suspected
to be an inside job, according to Chanalysis.
These incidents emphasize the need for robust
security measures in the cryptocurrency space.
Lastly, there are discussions about whether Binance,
a major player in the crypto industry, is too
big to fail. The industry has endured significant
challenges in the past, but the potential downfall
of Binance could have lasting consequences. It's
a reminder that even giants can face significant
hurdles. On a more technical note, Glassnode
suggests that Bitcoin has formed a sturdy foundation
below $30 ,000. Based on historical patterns,
they believe Bitcoin may trade sideways for several
months. This stability could pave the way for
future growth in the crypto market. Today we're
diving into some exciting news and developments
across the tech and cryptocurrency landscape.
First up, we have Anthropic's new AI chatbot
called Claude2, which is generating a lot of
buzz. Anthropic claims that Claude2 can handle
up to 100k of context, but the question remains,
will it be enough to compete with the likes of
ChatGPT and GoogleBard? It's an interesting battle
to watch. In the gaming world, there's a new
MMORPG on the horizon called Grand Saga Unlimited.
This open -world anime game allows players to
fight creatures using guns, melee weapons, and
magic. Gamers are eagerly anticipating its launch
on Aptos. Shifting to the world of cryptocurrencies,
we have some intriguing developments. Arkham
CEO Miguel Morel is defending their Docs to Earn
program. Morel states that Arkham strictly focuses
on publicly available information to draw connections
about the ownership of wallets. Meanwhile, 7
-Eleven is serving up free Slurpee NFTs, marking
another snack food brand entering the world of
Web3. In regulatory news, South Korea is set
to mandate crypto disclosures in financial statements.
The country's financial regulator will enforce
new guidelines starting in January, requiring
firms to disclose a range of information related
to cryptocurrencies. There's also some drama
in the crypto lending space. Bankrupt Celsius
is demanding that Steakhound return $150M worth
of Ethereum, Polygon and Polkadot. It seems that
a significant amount of Celsius's Ethereum was
locked up with the staking platform. And lastly,
we can't ignore the price movements of popular
cryptocurrencies. Will ADA explode above 30 cents
this week? What should we watch for in Bitcoin's
price in Q3 2023? XRP is consolidating under
a 50 cents resistance level and Ethereum has
seen a 5 % weekly tumble. Meanwhile, Robert Kiyosaki
predicts a massive surge to $120k for Bitcoin
in 2024, claiming the demise of the US dollar.
In other news, investment giant Vanguard Group
has bought a 10 % stake in Bitcoin Miner Riot.
Lastly, the approval of a spot BTC ETF would
reportedly be hard to resist, according to a
former SEC chair. It's clear that the Bitcoin
world is full of excitement and possibilities.
Hey there! Let's dive into some interesting news
from the crypto world. Bitcoin sure is making
waves with its unmoved supply reaching new heights.
It seems like institutions are showing a lot
of interest in Bitcoin, which could be driving
this surge. On the other hand, we have Algorand's
largest DeFi protocol shutting down. It's always
unfortunate to see operations come to a halt.
Grayscale is calling out the SEC for approving
leveraged Bitcoin futures ETFs while denying
spot trading. It's a bit of a double standard,
don't you think? And speaking of regulatory concerns,
there are reports of a potential Brazilian CBDC
that could allow the government to freeze or
manipulate accounts. That raises eyebrows for
sure. Paradigm is criticizing the SEC's actions
against Bittrex in a new filing, highlighting
some disagreements there. But that's not all.
Arkham, a platform, might have accidentally revealed
personal information of its users. Yikes. They
might have some explaining to do. Moving to Singapore,
we have Temasek, a prominent investment giant,
pausing its crypto efforts due to regulatory
uncertainty. It's a bummer when companies have
to hit the brakes because of unclear regulations.
However, Senators Lummis and Gillibrand are proposing
an updated bill that classifies crypto assets
as commodities, which could provide some clarity.
In the market watch, SOL has re -entered the
top 10 after a solid 15 % surge, while BTC is
currently sitting below $1 .31K. It's always
fascinating to see these price movements, and
when it comes to mining stocks, they have been
performing exceptionally well this year, outperforming
spot BTC prices by a significant margin. There
have been some noteworthy developments too. Sebo
has reached a surveillance agreement with Coinbase
for spot Bitcoin ETFs. and FTX is claiming to
be online with its services. Grayscale's Bitcoin
trust discount has also narrowed down to its
lowest level since May 2022, which is worth noting.
Shifting our focus to South Korea, regulators
there want companies to disclose their crypto
holdings from next year. It seems like transparency
is becoming a key theme in the industry. And
speaking of holdings, Vanguard Group, a major
asset manager with over $7 trillion in assets
under management, has purchased a 10 % stake
in Bitcoin miner riot platforms. It's always
interesting to see big players making moves in
the crypto space. Finally, we have Joe Rogan,
who recently mused about a future where Bitcoin
becomes the only money worth anything. It's a
thought provoking statement that sparks the imagination.
Will we reach a point where Bitcoin reigns supreme?
That wraps up our discussion for today. Stay
tuned for more exciting updates from the world
of cryptocurrencies. In today's episode, we covered
a range of topics including Matic's impressive
performance, the booming NFT market, exciting
developments in the world of AI platforms, South
Korea's push for crypto disclosures, Bitcoin
price analysis, and a major investment in a Bitcoin
miner. We also discussed the latest updates on
Bitcoin supply, the closure of a major Algorand
DeFi project, Grayscale's criticism of the SEC,
Brazil's CBDC progress, and the recent changes
to the crypto bill by senators. Please support
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