Welcome to the Bitcoin Street Journal. Bitcoin
Market Update Podcast, your daily source for
live updates on the Bitcoin market. Today, we
dive into current Bitcoin technical analysis,
track BTC prices and explore market trends. We
cover topics such as grayscale Bitcoin shares
narrowing discount and lunar crushes fundraising.
We also discuss EU stablecoin guidance and cool
cats gaming expansion alongside sounds recent
dollar 20M fundraising success. Scammers reduced
earnings, ransomware spikes, and AI's role in
predicting cancer treatment results will be analyzed.
Lobbyists' criticism of the McHenry crypto bill,
the potential of quantum computers, and the auction
of a notorious big photo as an NFT form part
of today's discourse. We also note Binance's
investment in a crypto game publisher and the
impact of AI debates on Hollywood writers. Today's
podcast will talk about fractionalized NFTs loaned
to museums, Polygon's POL token launch, and layoffs
at Dapper Labs. We discuss Arkham's Marketplace's
divisive role in the crypto community, Tron Dao's
developer tour, and an investigation into a former
FTX exec. Additionally, ConsenSys' ZKVM roll
-up network revelation, Russia's approval of
a national CBDC project, and the upcoming Binance
BNB chain hardfork will be analyzed. We'll delve
into Ripple VSEC ruling, the fall of Bitcoin
and Kava prices, Pepecoin analysis, and South
Korean crypto holding regulations. We discussed
the Matic -to -Pole proposal, comparison between
gold and cryptocurrencies, Bitcoin's all -time
highs in Argentina, the FTX bankruptcy case,
and WalletPay's crypto payment enablement on
Telegram. Finally, we explore the revolutionized
sponsorship model by Noster's apps and Value
for Value podcasting. So, let's dive into some
interesting news in the cryptocurrency and blockchain
world. First up, we have an update on Grayscale
Bitcoin shares, GBTC, The GBTC discount has recently
hit its lowest point since last summer. What
does this mean? Well, it suggests that there's
renewed hope for an ETF approval in the US or
the beginning of Bitcoin redemptions. Moving
on, we have Lunar Crush, a social analytics platform
that has managed to raise $5 million in Series
A funding. But that's not all. They are aiming
to expand their focus beyond just crypto and
NFTs. They want to venture into stocks using
artificial intelligence. It seems like Lunar
Crush's ambitions know no bounds. In regulatory
news, the EU banking watchdog has issued stable
coin guidance and is urging compliance ahead
of MyCA. MyCA refers to the bloc's landmark rules
for the crypto industry. This highlights the
regulator's determination to ensure a compliant
crypto industry. Now let's talk about the Cool
Cats NFT project. They are taking their gaming
endeavors to the next level with three upcoming
titles. These games will offer action, puzzle,
and endless runner experiences. And the best
part? All three games are set to release within
the next nine months. It looks like Cool Cats
fans have a lot to look forward to. Shifting
gears, we have Sound, a platform that has recently
raised an impressive $20 million. What's interesting
is that this platform is open to all artists
and allows them to drop their on -chain music.
Sound has already paid out $5 .5 million to artists
over the past year, including big names like
Snoop Dogg. It's great to see more opportunities
for artists in the crypto space. Speaking of
crypto, let's discuss the recent trading activity
of Bitcoin and Ethereum. These leading cryptocurrencies
have been trading relatively flat. However, following
the release of the June Consumer Price Index
CPI figures, which indicate a 3 % inflation rate
in the US, both Bitcoin and Ethereum experienced
a slight rise. It seems that inflation concerns
continue to influence the crypto market. Next
up, we have Get Protocol, a platform that aims
to take on Ticketmaster using NFT tickets. Get
Protocol has recently raised $4 .5 million in
seed funding with support from Flow Ventures
and the Tezos Foundation. They are emphasizing
a web 2 .5 inches approach to ticketing, indicating
their innovative vision for the future. In the
world of cryptocurrency wallets, Coinbase has
introduced a new messaging service to its self
-custody wallet. This feature essentially combines
the functionality of popular messaging apps like
Telegram and Cash App. It's a convenient way
for users to communicate within the wallet platform.
Now let's talk about Threads, Meta's new social
media platform. While Threads and Twitter share
some similarities, there are key differences.
One notable difference is the bifurcated newsfeed
feature that Twitter introduced following Elon
Musk's takeover. On the other hand, Threads currently
only offers a single newsfeed. It will be interesting
to see how Threads competes with Twitter in the
ever -evolving social media landscape. Moving
on to the LBRY token, it recently experienced
an 18 % drop in value. This follows the announcement
that the file sharing crypto project will be
shutting down operations. LBRY's decision comes
after a final judgment in their case with the
SEC. It's unfortunate to see a project come to
an end, but it's a reminder of the regulatory
challenges in the crypto space. Now, let's discuss
some news regarding the Silk Road Bitcoin. There
are speculations that the US government is preparing
to sell the seized Bitcoin from the infamous
darknet marketplace, Silk Road. As expected,
such news has a significant impact on the market,
stirring reactions from investors and enthusiasts
alike. On the topic of regulations, Senator Cynthia
Lummis, often referred to as the Bitcoin Senator,
has renewed her push to address the erratic regulatory
framework surrounding cryptocurrencies. She has
been working on a bipartisan bill with Senator
Kirsten Gillibrand for over a year, and it is
now ready to be reintroduced. This development
shows that some lawmakers are committed to creating
a more favorable environment for the crypto industry.
Finally, let's talk about Elon Musk, the visionary
and sometimes controversial figure in the tech
world. After acquiring Twitter, Musk has now
set his sights on untangling the very fabric
of reality with his new AI startup called XAI.
It's quite fascinating to see his ambitious ventures
and how they impact various sectors. And speaking
of tech giants, Google is making moves in the
blockchain space. Their Play Store will soon
allow games and apps to offer NFTs. This move
is aimed at providing a safe, transparent, and
trusted experience for users interested in blockchain
games and NFTs. It's another step towards mainstream
adoption. To wrap things up, despite rising token
prices, crypto crime has seen a significant drop
in 2023. While this is promising news, it's important
to remain vigilant and continue implementing
robust security measures to ensure a safe and
secure crypto ecosystem for everyone. That's
all for now. Stay tuned for more exciting developments
in the world of cryptocurrencies and blockchain
technology. ransomware attacks are becoming more
prevalent. It's a constant tug of war between
cyber criminals and cybersecurity. Moving on,
let's talk about Cancer GPT, an impressive AI
system that can predict the outcomes of cancer
treatment research. This exciting development
could potentially revolutionize the field of
medicine, providing valuable insights and improving
patient care. In other news, a recent study suggests
that large pre -trained language models have
the ability to forecast how drug combinations
affect rare tissues. This could have significant
implications for drug discovery and personalized
medicine. Shifting gears, lobbyists are raising
concerns about a crypto bill proposed by McHenry.
They claim that this bill could weaken consumer
and investor protections. The lobbyists argue
that while other technologies have proven their
worth, the potential of cryptocurrency always
seems to be just on the horizon. Speaking of
exciting technologies, there is a groundbreaking
discovery in the world of quantum computing.
Scientists have observed an unusual superconducting
state in specific atoms, which could unlock the
potential for even more powerful quantum computers
in the future. The possibilities are mind -boggling.
Now let's delve into the world of art and blockchain.
A photograph of the iconic notorious big is up
for auction, accompanied by an Ethereum NFT.
This unique fusion of art and blockchain technology
continues to gain traction and attract interest
from enthusiasts and collectors. In the realm
of gaming, Binance Labs has invested a whopping
$15 million in Xterio, a crypto game publisher.
With upcoming NFT and crypto games like Age of
Dino and Overworld, Xterio is set to make waves
in the gaming industry. Switching gears once
again, Hollywood writers are pondering the next
moves of the Actors Guild amid ongoing debates
about AI. Some writers are concerned about their
work being dissected and processed by machines,
questioning the impact of AI on creativity and
intellectual property. On the topic of NFTs,
Particle, a fractionalized NFT project, has loaned
a Banksy artwork worth $12 .9 million to several
global museums. The decision to loan the artwork
was made collectively by the artwork's 10 ,000
co -owners. This shows the democratic nature
and potential of fractionalized ownership in
the art world. Polygon, a popular blockchain
network, is set to launch its P -ALL token as
part of its transition to Polygon 2 .0. This
network upgrade aims to enhance the functionality
and scalability of Polygon, making it even more
suitable for various applications and use cases.
In unfortunate news, Dapper Labs, the developer
behind NBA Top Shot, has announced another round
of layoffs. This marks the third round of layoffs
in less than a year, raising concerns about the
company's stability and the future of NBA Top
Shot. Moving on to a controversial topic, Arkham's
new docks to earn marketplace has stirred up
mixed reactions in the crypto community. Some
argue that this marketplace goes against the
founding ethos of crypto, while others see the
potential for a new and innovative approach to
incentivize intelligence sharing. In Tron related
news, Trondow is starting its builder tour in
New York. This tour aims to attract developers
to the Tron ecosystem by hosting hackathons across
the United States. It's an exciting opportunity
for aspiring Tron developers to showcase their
skills and contribute to the development of this
blockchain platform. On a different note, a former
FTX executive is reportedly under investigation
for possible violations of campaign finance law.
The details are still unfolding, and it remains
to be seen how this investigation will unfold.
Lastly, ConsenSys, a prominent blockchain technology
company, has unveiled a SkiaVM rollup network
called Linea. This network aims to provide a
more scalable and efficient environment for executing
Ethereum -based smart contracts. As the Ethereum
ecosystem continues to grow, scalability solutions
like SkiaVM rollup are crucial for its long -term
success. And there you have it, a diverse range
of topics covering scammers, AI and cancer treatment
research, quantum computers, NFTs, crypto investments,
AI in Hollywood, blockchain governance, investigations,
and upcoming blockchain developments. Stay tuned
for more exciting news and discussions in the
world of technology, finance, and innovation.
When it comes to the Ripple VSEC ruling, many
XRP investors are already taking positions in
anticipation of the outcome. This report highlights
the tension and uncertainty surrounding the case.
On another note, Bitcoin seems to be tumbling
towards the $30 ,000 mark and Cava has experienced
a significant 12 % crash in the daily market
watch. These movements in the crypto market can
be worrisome for investors. In the world of cryptocurrency,
there's always speculation about potential crashes
and one coin that's currently under scrutiny
is Pepecoin. People are wondering if a crash
is imminent and what factors they should keep
an eye on. A thorough Pepe price analysis can
shed some light on this matter. It's not just
investors who are looking closely at the crypto
market. Regulators are also taking proactive
measures. The South Korean regulatory body, for
instance, plans to demand clear disclosures on
firms crypto holding starting in 2024. This move
aims to bring more transparency to the industry
and protect investors. In the world of cryptocurrencies,
innovation is always on the horizon. One such
proposal that has caught attention is the potential
transformation of Matic into Puel. This new polygon
proposal maps out an ambitious 2 .0 roadmap that
could significantly impact the crypto landscape.
While cryptocurrencies continue to gain prominence,
It's worth noting that the foundation of cryptography
is robust and secure. Some argue that it is even
stronger than gold. Unlike gold, which relies
on social constructs like order and property
rights, cryptography relies on one's ability
to keep secrets. It functions independently of
social order, making it an intriguing alternative
to traditional forms of value. Gold, on the other
hand, has its limitations. While it has been
historically viewed as a valuable asset and a
form of currency, its value depends on its ability
to be light, durable, and transportable over
distance. In comparison, assets like sheep, which
can reproduce and create more value over time,
can serve as a better store of value. Moreover,
the ability to transfer assets over distance
plays a crucial role in their suitability as
currency. In the fall of the Bronze Age civilization
and the Western Roman Empire, The preference
for practical assets like apples over gold emerged.
Moving on to Bitcoin, it's worth mentioning that
it has reached all time highs in Argentina. The
volatile nature of cryptocurrencies can lead
to extraordinary fluctuations in different markets.
In recent news, FTX bankruptcy lawyers have requested
a $323 million recovery from FTX Europe leadership.
This development showcases the legal complications
surrounding cryptocurrency platforms. and underscores
the need for regulatory oversight in this evolving
landscape. Moreover, WalletPay has enabled Bitcoin,
Tether, and Toncoin payments on the popular messaging
platform Telegram. This integration presents
an opportunity for more seamless and widespread
adoption of cryptocurrencies. In the podcasting
realm, there have been significant changes in
the sponsorship model. Nostra's apps and value
for value, V4V, Podcasting have revolutionized
the traditional sponsorship approach by prioritizing
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This shift has empowered podcasters to create
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support and thank you for listening to our podcast.
On today's episode, we covered a wide range of
topics, including the narrowing discount on grayscale
Bitcoin shares, Lunar Crush's successful $5 million
raise, the EU's stablecoin guidance, Cool Cat's
expansion into gaming, and Sound's impressive
$20 million raise. We also delved into the latest
news on scammers dwindling profits. a spike in
ransomware attacks, groundbreaking AI predictions
for cancer treatment, the impact of lobbyists
on the McHenry crypto bill, the potential of
quantum computers, the NFT auction of a notorious
big photo, Binance's investment in a crypto game
publisher, the AI debates influence on Hollywood
writers, fractionalized NFT loans to museums,
Polygon's launch of the POL token, Dapper Labs'
recent layoffs, the divisive Arkham's marketplace,
Trondow's developer tour, the investigation of
a former FTX exec, consensus reveal of the ZikiVM
roll -up network, Russia's approval of a national
CBDC project, and Binance BNB chain's upcoming
hard fork. We also discussed the Ripple V, SEC
ruling, the impact of falling Bitcoin and Kava
prices, the analysis of Pepecoin, South Korea's
regulations on crypto holdings, the Matic to
Pole proposal, the ongoing gold versus cryptocurrencies
debate, Bitcoin's record highs in Argentina,
the FTX bankruptcy case, the integration of wallet
pay for crypto payments on Telegram, and the
revolutionization of sponsorship models with
Nostra's apps and value for value podcasting.
Thanks for listening to today's episode. I'll
see you guys at the next one and don't forget
to subscribe.