WEBVTT 00:00:14.879 --> 00:00:17.800 Welcome to the Bitcoin Street Journal, Bitcoin 00:00:17.800 --> 00:00:20.500 Market Update Podcast, your daily source for 00:00:20.500 --> 00:00:23.039 live updates on the Bitcoin market. Join us as 00:00:23.039 --> 00:00:25.399 we delve into current Bitcoin technical analysis, 00:00:25.820 --> 00:00:29.480 track Bitcoin BTC prices, explore market capitalization 00:00:29.480 --> 00:00:32.840 trends, and analyze market supply. Stay ahead 00:00:32.840 --> 00:00:34.880 of the curve with our comprehensive coverage 00:00:34.880 --> 00:00:38.299 of the ever -evolving world of Bitcoin. In today's 00:00:38.299 --> 00:00:40.920 episode, we'll cover NAB halting crypto exchanges, 00:00:41.320 --> 00:00:44.000 increased liquidity driving up the price of Bitcoin, 00:00:44.579 --> 00:00:46.640 Gnosis launching self -custodial debit card, 00:00:47.200 --> 00:00:49.679 projects receiving tokens for building AI tools, 00:00:50.259 --> 00:00:53.340 BlockFi CEO allegedly knowing about FTX's unstable 00:00:53.340 --> 00:00:56.259 balance sheet, expert refuting Greenpeace's claims 00:00:56.259 --> 00:00:59.119 on Bitcoin mining pollution, Elon Musk's aim 00:00:59.119 --> 00:01:02.259 for unbiased AI, cyber criminals using AI for 00:01:02.259 --> 00:01:04.819 phishing attacks, and various updates on Bitcoin 00:01:04.819 --> 00:01:07.219 crypto mining scams and podcasting sponsorship 00:01:07.219 --> 00:01:13.069 model. Hey everyone, it's time for a special 00:01:13.069 --> 00:01:15.629 Noster Shoutout on today's episode of the podcast. 00:01:16.049 --> 00:01:17.989 We have to give a big thanks to Korn DeLarian 00:01:17.989 --> 00:01:20.049 for being the reason why I'm here hosting this 00:01:20.049 --> 00:01:23.370 show. Without Korn DeLarian, this podcast wouldn't 00:01:23.370 --> 00:01:26.510 exist. So a huge shout out to you, but that's 00:01:26.510 --> 00:01:28.670 not all. We have more shout outs to share. Let's 00:01:28.670 --> 00:01:31.329 give a Noster Shoutout to some amazing individuals. 00:01:38.979 --> 00:01:41.900 Fountain, Dimitris, Wondercraft, and many more. 00:01:42.280 --> 00:01:44.620 You guys are fantastic, and we appreciate your 00:01:44.620 --> 00:01:47.180 support. Now let's talk about something interesting 00:01:47.180 --> 00:01:49.700 that caught our attention. Garlic lovers, this 00:01:49.700 --> 00:01:52.060 one's for you. We just have to say that garlic 00:01:52.060 --> 00:01:55.719 is so good. Nom nom. Who doesn't love that delicious 00:01:55.719 --> 00:01:58.439 garlicky flavor? It's simply irresistible. Moving 00:01:58.439 --> 00:02:01.019 on, we have some news to discuss. National Australia 00:02:01.019 --> 00:02:03.939 Bank, NAB, recently made an announcement about 00:02:03.939 --> 00:02:06.560 halting several cryptocurrency exchanges. And 00:02:06.560 --> 00:02:09.120 why, you may ask? while they cite the risks of 00:02:09.120 --> 00:02:11.379 scams and frauds associated with these exchanges. 00:02:12.120 --> 00:02:13.699 It's definitely something to think about, isn't 00:02:13.699 --> 00:02:16.039 it? We always have to be cautious when it comes 00:02:16.039 --> 00:02:18.430 to our hard -earned money. Now for those who 00:02:18.430 --> 00:02:20.490 are curious, we want to share something really 00:02:20.490 --> 00:02:23.310 cool that SoftSimon has created. You can find 00:02:23.310 --> 00:02:27.710 it on Twitter at HTTPS slash Twitter com slash 00:02:27.710 --> 00:02:31.150 SoftSimon underscore slash status slash one six 00:02:31.150 --> 00:02:33.689 eight zero seven eight five one zero zero two 00:02:33.689 --> 00:02:36.469 five three zero four four seven three six. It's 00:02:36.469 --> 00:02:40.210 a fiat slash BTC slash SATs calculator. And let 00:02:40.210 --> 00:02:42.650 me tell you, it's pretty amazing. If you're interested 00:02:42.650 --> 00:02:44.870 in converting between fiat currency, Bitcoin, 00:02:45.090 --> 00:02:47.990 and Satoshis, this tool is perfect for you. Check 00:02:47.990 --> 00:02:54.030 it out at https://mempool .space -tools -calculator. 00:02:54.469 --> 00:02:57.150 Kudos to SoftSimon for making such a useful resource. 00:02:58.150 --> 00:03:00.289 Here's another interesting fact for all you Bitcoin 00:03:00.289 --> 00:03:02.969 enthusiasts out there. Did you know that a staggering 00:03:02.969 --> 00:03:06.270 29 % of the Bitcoin supply hasn't moved in over 00:03:06.270 --> 00:03:08.680 five years? That's quite a significant amount. 00:03:09.120 --> 00:03:11.020 It seems like some plebs are holding on tight 00:03:11.020 --> 00:03:14.060 to their Bitcoin and not selling. So if you're 00:03:14.060 --> 00:03:16.039 interested in getting some Bitcoin for yourself, 00:03:16.360 --> 00:03:19.340 now might be a good time to do so. Only buy as 00:03:19.340 --> 00:03:21.120 much as you can afford to lose, though, and not 00:03:21.120 --> 00:03:23.620 your private keys, not your Bitcoin. Well, that 00:03:23.620 --> 00:03:26.080 wraps up this intro segment of today's episode. 00:03:26.560 --> 00:03:28.919 It's been a pleasure chatting with you all. Stay 00:03:28.919 --> 00:03:31.039 tuned for more exciting topics and shout outs 00:03:31.039 --> 00:03:34.659 in future episodes. Until then. Take care and 00:03:34.659 --> 00:03:37.840 keep exploring the fascinating world of cryptocurrencies. 00:03:39.699 --> 00:03:41.840 You know, when it comes to Bitcoin, there's one 00:03:41.840 --> 00:03:44.439 thing that really impacts its price, liquidity. 00:03:45.180 --> 00:03:47.340 The more money in the system, the higher the 00:03:47.340 --> 00:03:50.360 price of BTC is traded. It's all about supply 00:03:50.360 --> 00:03:52.960 and demand, my friend. And let me tell you, the 00:03:52.960 --> 00:03:55.919 power of absolute scarcity is no joke. When something 00:03:55.919 --> 00:03:58.520 is scarce, it tends to have more value. So when 00:03:58.520 --> 00:04:00.840 it comes to Bitcoin, be cautious when selling. 00:04:01.319 --> 00:04:04.159 It's a risk you might want to consider. Oh, and 00:04:04.159 --> 00:04:06.860 have you heard the news? Bitcoin's minor difficulty 00:04:06.860 --> 00:04:09.439 has hit a new all -time high. That means the 00:04:09.439 --> 00:04:11.340 network is now more secure than ever before. 00:04:11.560 --> 00:04:14.659 Talk about progress. But that's not all. Binance 00:04:14.659 --> 00:04:16.939 has integrated the Lightning Network, which means 00:04:16.939 --> 00:04:19.560 you can now deposit and withdraw Bitcoin quickly 00:04:19.560 --> 00:04:22.819 and with lower fees. It's all about making transactions 00:04:22.819 --> 00:04:25.839 more efficient, and I'm here for it. Now let's 00:04:25.839 --> 00:04:28.860 talk about ordinals. You might be wondering why 00:04:28.860 --> 00:04:31.019 they were adopted by exchanges faster than the 00:04:31.019 --> 00:04:33.470 Lightning Network. Well, it all comes down to 00:04:33.470 --> 00:04:36.509 the real reason behind it. You see, a lot of 00:04:36.509 --> 00:04:38.610 venture capital is flowing into the crypto space 00:04:38.610 --> 00:04:41.449 because there is liquidity in investing in tokens. 00:04:42.110 --> 00:04:44.930 These tokens enable faster turnarounds and liquidity 00:04:44.930 --> 00:04:48.050 events, which is attractive to investors. But 00:04:48.050 --> 00:04:50.730 you know what they say? Buy low and sell high. 00:04:51.189 --> 00:04:53.529 VCs invest in tokens when they are cheap, only 00:04:53.529 --> 00:04:55.829 to dump them on regular retail investors later 00:04:55.829 --> 00:04:58.310 on. Don't fall into that trap, my friend. Be 00:04:58.310 --> 00:05:01.160 cautious and make informed decisions. Speaking 00:05:01.160 --> 00:05:03.160 of exchanges, the yearly absorption rate for 00:05:03.160 --> 00:05:07.060 Bitcoin is currently at minus 100%. That means 00:05:07.060 --> 00:05:09.100 more coins are being withdrawn than deposited. 00:05:09.720 --> 00:05:12.240 In fact, at its peak, coins were being withdrawn 00:05:12.240 --> 00:05:16.079 at a whopping minus 170%. It's quite the opposite 00:05:16.079 --> 00:05:19.240 of what we saw during the 2017 bull run. Things 00:05:19.240 --> 00:05:22.500 can change quickly in the crypto world. Now let's 00:05:22.500 --> 00:05:24.500 switch gears and take a look at the top countries 00:05:24.500 --> 00:05:26.709 searching for Bitcoin on Google. It's always 00:05:26.709 --> 00:05:28.430 interesting to see which countries are showing 00:05:28.430 --> 00:05:31.050 the most interest in cryptocurrencies. It's a 00:05:31.050 --> 00:05:33.990 good indicator of adoption and popularity. Remember 00:05:33.990 --> 00:05:36.829 when Bitcoin's mining reward spiked in 2023? 00:05:37.529 --> 00:05:40.269 Those were ordinals. It's fascinating to see 00:05:40.269 --> 00:05:43.189 how these events can impact the market and shape 00:05:43.189 --> 00:05:45.990 the future of cryptocurrencies. And let's not 00:05:45.990 --> 00:05:49.089 forget about the SP500 growth. When we adjust 00:05:49.089 --> 00:05:51.250 it for money printing, we see that it has performed 00:05:51.250 --> 00:05:54.889 a whopping plus 4 % in just two decades. That's 00:05:54.889 --> 00:05:57.230 a lot of growth, but we also need to acknowledge 00:05:57.230 --> 00:05:59.509 that money printers have taken away many of the 00:05:59.509 --> 00:06:01.990 social benefits that innovation could have brought. 00:06:02.350 --> 00:06:05.050 It's a complex situation, my friend. Now let's 00:06:05.050 --> 00:06:07.430 take a trip down memory lane. Do you remember 00:06:07.430 --> 00:06:09.829 how the BBC used to explain Bitcoin five years 00:06:09.829 --> 00:06:12.410 ago? It's interesting to see how the narrative 00:06:12.410 --> 00:06:15.329 has evolved and how people's understanding of 00:06:15.329 --> 00:06:18.430 cryptocurrencies has matured over time. But let's 00:06:18.430 --> 00:06:20.430 shift our attention to Ethereum for a moment. 00:06:20.730 --> 00:06:22.910 There's some exciting news about its scaling 00:06:22.910 --> 00:06:26.129 solution, ZKSync. They have unveiled their latest 00:06:26.129 --> 00:06:29.589 prover tech called Bujum. This new prover decreases 00:06:29.589 --> 00:06:32.569 transaction time and reduces the need for expensive 00:06:32.569 --> 00:06:35.449 hardware. It's all about making the network more 00:06:35.449 --> 00:06:38.569 accessible for everyday users and enhancing security. 00:06:39.189 --> 00:06:41.670 And there's more. Aave companies has launched 00:06:41.670 --> 00:06:44.649 V2Lens, which introduces blocking to their crypto 00:06:44.649 --> 00:06:47.670 social app. This latest version brings several 00:06:47.670 --> 00:06:49.790 new functionalities to the platform, making it 00:06:49.790 --> 00:06:52.769 even more versatile and user -friendly. Oh, and 00:06:52.769 --> 00:06:54.990 have you heard about Binance? They have finalized 00:06:54.990 --> 00:06:57.029 their Bitcoin Lightning Network integration. 00:06:57.589 --> 00:07:00.610 Now, Binance customers can easily withdraw and 00:07:00.610 --> 00:07:03.750 deposit funds using Bitcoin's Layer 2 scaling 00:07:03.750 --> 00:07:06.250 solution. It's all about making transactions 00:07:06.250 --> 00:07:08.810 smoother and more efficient. But let's talk about 00:07:08.810 --> 00:07:11.810 wallets for a moment. Gnosis has launched a self 00:07:11.810 --> 00:07:14.250 -custodial debit card called the Gnosis Card. 00:07:14.589 --> 00:07:16.810 This card allows you to make payments anywhere 00:07:16.810 --> 00:07:19.870 Visa is accepted. And the best part? They're 00:07:19.870 --> 00:07:22.870 open to other wallets copying their design. It's 00:07:22.870 --> 00:07:25.949 all about collaboration and improving user experience. 00:07:26.569 --> 00:07:29.310 Now let's move on to the one -inch network. Their 00:07:29.310 --> 00:07:32.050 native token has hit a three -month high thanks 00:07:32.050 --> 00:07:34.269 to a surge in trading volume on South Korean 00:07:34.269 --> 00:07:38.009 exchange Upbit. It's always exciting to see cryptocurrencies 00:07:38.009 --> 00:07:40.740 gaining popularity. and reaching new milestones. 00:07:41.000 --> 00:07:42.800 And last but not least, let's talk about Aave's 00:07:42.800 --> 00:07:46.500 new stablecoin, GHO. In just two days, it has 00:07:46.500 --> 00:07:50.500 reached a market cap of $2 .5 million. This dollar 00:07:50.500 --> 00:07:53.139 -pegged stablecoin is backed by overcollateralized 00:07:53.139 --> 00:07:56.560 loans, similar to Maker's DAI. It's all about 00:07:56.560 --> 00:07:58.759 creating more stability and options within the 00:07:58.759 --> 00:08:01.759 crypto ecosystem. Oh, and before I forget, there's 00:08:01.759 --> 00:08:04.699 a $5 million token grant that will fuel the development 00:08:04.699 --> 00:08:07.839 of decentralized AI. It's a fascinating field 00:08:07.839 --> 00:08:10.220 that combines two rapidly evolving technologies. 00:08:10.779 --> 00:08:12.620 Who knows what exciting innovations we'll see 00:08:12.620 --> 00:08:15.100 in the future? And that's a wrap on the latest 00:08:15.100 --> 00:08:17.779 news and developments in the crypto space. Stay 00:08:17.779 --> 00:08:21.420 tuned for more updates, my friend. Projects in 00:08:21.420 --> 00:08:24.000 the crypto space are constantly pushing the boundaries 00:08:24.000 --> 00:08:27.420 of innovation. And one area that has seen significant 00:08:27.420 --> 00:08:30.920 interest is artificial intelligence, AI. With 00:08:30.920 --> 00:08:33.799 the rise of blockchain technology, developers 00:08:33.799 --> 00:08:36.899 have been exploring ways to leverage AI and its 00:08:36.899 --> 00:08:40.179 potential applications. Now, with the advent 00:08:40.179 --> 00:08:43.759 of the Internet Computer Protocol, ICP, projects 00:08:43.759 --> 00:08:47.000 have the opportunity to receive up to $100 ,000 00:08:47.000 --> 00:08:51.360 in ICP tokens to build AI tools. Gnosis is a 00:08:51.360 --> 00:08:53.679 project that plays a pivotal role in the development 00:08:53.679 --> 00:08:56.679 of decentralized prediction markets. While Gnosis 00:08:56.679 --> 00:08:59.240 itself serves as an open framework, prediction 00:08:59.240 --> 00:09:01.899 markets are realized in third -party decentralized 00:09:01.899 --> 00:09:04.909 applications. DApps built on top of the Gnosis 00:09:04.909 --> 00:09:08.830 chain. Some notable examples include Azuro, Omen, 00:09:09.309 --> 00:09:12.509 and RealityCard. These DApps enable users to 00:09:12.509 --> 00:09:14.590 participate in prediction markets where they 00:09:14.590 --> 00:09:16.889 can predict the outcomes of various events and 00:09:16.889 --> 00:09:19.629 potentially earn profits. The crypto industry 00:09:19.629 --> 00:09:22.610 continues to show robust growth, with institutional 00:09:22.610 --> 00:09:25.789 investors increasingly entering the space. The 00:09:25.789 --> 00:09:28.070 latest CoinShares report highlights that crypto 00:09:28.070 --> 00:09:30.509 products have seen the largest consecutive inflows 00:09:30.509 --> 00:09:34.549 since 2021. Bitcoin, the pioneer of cryptocurrencies, 00:09:35.330 --> 00:09:37.370 remains the dominant force in terms of activity 00:09:37.370 --> 00:09:40.389 and investment. It continues to attract significant 00:09:40.389 --> 00:09:42.929 attention from institutional investors and retail 00:09:42.929 --> 00:09:46.389 traders alike. Regulatory oversight is an important 00:09:46.389 --> 00:09:49.230 aspect of the crypto industry and global bodies 00:09:49.230 --> 00:09:51.830 like the G20 have been actively discussing and 00:09:51.830 --> 00:09:54.289 making recommendations to rein in this fast -growing 00:09:54.289 --> 00:09:58.450 market. The Financial Stability Board, FSB, an 00:09:58.450 --> 00:10:00.409 international body that coordinates financial 00:10:00.409 --> 00:10:03.120 regulation across countries, recently issued 00:10:03.120 --> 00:10:05.720 nine regulatory recommendations aimed at the 00:10:05.720 --> 00:10:08.840 crypto industry. These recommendations take into 00:10:08.840 --> 00:10:11.480 account recent events, such as the collapse of 00:10:11.480 --> 00:10:14.799 FTX and Terra, and seek to strike a balance between 00:10:14.799 --> 00:10:18.100 innovation and consumer protection. In the world 00:10:18.100 --> 00:10:20.340 of sports, famous athletes are embracing the 00:10:20.340 --> 00:10:23.460 world of non -fungible tokens, NFTs. Patrick 00:10:23.460 --> 00:10:25.659 Mahomes, the star quarterback of the Kansas City 00:10:25.659 --> 00:10:28.539 Chiefs and Super Bowl MVP, has recently launched 00:10:28.539 --> 00:10:31.419 his own NFT platform called the Museum of Mahomes. 00:10:31.850 --> 00:10:35.129 This platform will offer 15 ,000 digital collectibles 00:10:35.129 --> 00:10:37.990 in September, allowing fans and collectors to 00:10:37.990 --> 00:10:41.909 own a piece of Mahomes' legacy. NFTs have gained 00:10:41.909 --> 00:10:44.269 significant popularity among sports enthusiasts 00:10:44.269 --> 00:10:47.169 and collectors, providing a new way to engage 00:10:47.169 --> 00:10:50.610 with their favorite athletes. The impact of crypto 00:10:50.610 --> 00:10:53.269 extends beyond the realm of sports and finance. 00:10:53.789 --> 00:10:56.029 It has also made a notable impact on social media 00:10:56.029 --> 00:10:59.519 communities. Reddit a popular online platform, 00:10:59.980 --> 00:11:02.240 has introduced its own cryptocurrency called 00:11:02.240 --> 00:11:05.779 Moons. These Moons tokens play a vital role in 00:11:05.779 --> 00:11:08.740 the rCryptocurrency Reddit community, where users 00:11:08.740 --> 00:11:11.139 can earn and trade them for various activities 00:11:11.139 --> 00:11:14.179 and contributions to the community. Recently, 00:11:14.679 --> 00:11:18.679 the Moons token surged by 104%, following hints 00:11:18.679 --> 00:11:21.799 from Kraken, a prominent cryptocurrency exchange, 00:11:22.259 --> 00:11:25.450 about the potential listing of Moons. This demonstrates 00:11:25.450 --> 00:11:27.730 the growing significance of cryptocurrencies 00:11:27.730 --> 00:11:30.730 in non -financial online communities. One of 00:11:30.730 --> 00:11:33.049 the key players in the crypto space is Ripple, 00:11:33.649 --> 00:11:37.029 the creator of the XRP cryptocurrency. Ripple 00:11:37.029 --> 00:11:38.990 has been involved in a legal battle with the 00:11:38.990 --> 00:11:41.549 U .S. Securities and Exchange Commission, SEC, 00:11:42.149 --> 00:11:44.929 regarding the classification of XRP as a security. 00:11:45.809 --> 00:11:48.009 Ripple's general counsel recently stated that 00:11:48.009 --> 00:11:50.250 a positive court ruling could pave the way for 00:11:50.250 --> 00:11:52.629 U .S. banks to re -engage with Ripple and its 00:11:52.629 --> 00:11:55.970 services. This highlights the potential impact 00:11:55.970 --> 00:11:58.909 of legal decisions on the adoption and regulatory 00:11:58.909 --> 00:12:02.490 environment surrounding cryptocurrencies. Coinbase, 00:12:02.629 --> 00:12:05.169 one of the largest cryptocurrency exchanges in 00:12:05.169 --> 00:12:08.090 the United States, has also been facing significant 00:12:08.090 --> 00:12:10.850 regulatory challenges. While the recent court 00:12:10.850 --> 00:12:13.129 ruling in favor of Ripple may have had a positive 00:12:13.129 --> 00:12:16.389 effect on sentiment, analysts at Berenberg Capital 00:12:16.389 --> 00:12:19.350 caution that Coinbase still faces a significant 00:12:19.350 --> 00:12:22.649 battle with the SEC. The outcome of this legal 00:12:22.649 --> 00:12:24.629 battle could have far -reaching implications 00:12:24.629 --> 00:12:27.590 for the entire crypto industry, particularly 00:12:27.590 --> 00:12:30.710 in terms of regulatory clarity and market stability. 00:12:31.649 --> 00:12:33.870 The impact of AI is not limited to the world 00:12:33.870 --> 00:12:37.009 of crypto and finance. It has also captured the 00:12:37.009 --> 00:12:39.470 attention of lawmakers and industry experts. 00:12:40.409 --> 00:12:42.649 Congressman Adam Schiff has been a vocal advocate 00:12:42.649 --> 00:12:45.909 for AI regulation. He believes that AI poses 00:12:45.909 --> 00:12:48.889 significant risks and could lead to a societal 00:12:48.889 --> 00:12:52.590 social experiment if left unchecked. Schiff argues 00:12:52.590 --> 00:12:54.990 that regulations are necessary to ensure that 00:12:54.990 --> 00:12:58.549 AI is used responsibly and ethically, particularly 00:12:58.549 --> 00:13:00.789 in areas such as the entertainment industry, 00:13:01.210 --> 00:13:04.129 which he sees as the tip of the spear in terms 00:13:04.129 --> 00:13:07.950 of AI's potential impact on society. Chainlink, 00:13:08.289 --> 00:13:10.610 a prominent blockchain project, has recently 00:13:10.610 --> 00:13:13.309 launched a cross -chain protocol called CCIP. 00:13:13.769 --> 00:13:16.470 This protocol aims to bridge traditional capital 00:13:16.470 --> 00:13:19.250 markets with blockchain networks, enabling the 00:13:19.250 --> 00:13:22.190 seamless transfer of assets and liquidity between 00:13:22.190 --> 00:13:25.629 these two worlds. According to Sergey Nazarov, 00:13:26.129 --> 00:13:29.710 the co -founder of Chainlink, CCIP has the potential 00:13:29.710 --> 00:13:32.509 to unlock trillions of dollars for the cryptocurrency 00:13:32.509 --> 00:13:36.470 space by creating a dynamic ecosystem that combines 00:13:36.470 --> 00:13:39.970 both private and public sectors. While AI holds 00:13:39.970 --> 00:13:42.470 immense promise, There are also concerns about 00:13:42.470 --> 00:13:44.450 the potential risks and drawbacks associated 00:13:44.450 --> 00:13:47.289 with its widespread adoption. The creator of 00:13:47.289 --> 00:13:49.909 StableDiffusion, a platform that focuses on AI 00:13:49.909 --> 00:13:52.629 -related projects, warns that AI could bring 00:13:52.629 --> 00:13:55.450 about the biggest bubble of all time. Just like 00:13:55.450 --> 00:13:58.049 the infamous market crash of tulips or JPEG monkeys, 00:13:58.629 --> 00:14:01.950 an AI bubble fueled by hype and exaggerated expectations 00:14:01.950 --> 00:14:05.870 could have detrimental consequences. It is crucial 00:14:05.870 --> 00:14:08.570 to approach AI development and deployment with 00:14:08.570 --> 00:14:11.440 caution. ensuring that it is grounded in sound 00:14:11.440 --> 00:14:15.759 principles and ethical considerations. In conclusion, 00:14:16.159 --> 00:14:18.600 the crypto industry continues to make significant 00:14:18.600 --> 00:14:21.460 advancements in various fields, including artificial 00:14:21.460 --> 00:14:24.820 intelligence. Projects that leverage AI are receiving 00:14:24.820 --> 00:14:26.720 support through initiatives like the Internet 00:14:26.720 --> 00:14:29.720 Computer Protocol, which provides funding opportunities 00:14:29.720 --> 00:14:32.919 for AI tool development. Gnosis serves as a framework 00:14:32.919 --> 00:14:36.000 for decentralized prediction markets, while institutional 00:14:36.000 --> 00:14:38.340 interest in cryptocurrencies like Bitcoin remains 00:14:38.340 --> 00:14:41.379 strong. Regulatory recommendations continue to 00:14:41.379 --> 00:14:43.940 evolve and adapt to the rapidly changing crypto 00:14:43.940 --> 00:14:47.000 landscape, and legal battles, such as the one 00:14:47.000 --> 00:14:49.720 faced by Ripple and Coinbase, have far -reaching 00:14:49.720 --> 00:14:53.799 implications. Additionally, AI's impact on society 00:14:53.799 --> 00:14:55.879 and industries like sports, entertainment and 00:14:55.879 --> 00:14:58.860 finance is undeniable, and it has sparked discussions 00:14:58.860 --> 00:15:02.529 around regulation and responsible use. Chainlink's 00:15:02.529 --> 00:15:05.070 CCIP aims to bridge traditional finance with 00:15:05.070 --> 00:15:08.090 crypto, while warnings of a potential AI bubble 00:15:08.090 --> 00:15:11.049 highlight the need for cautious and ethical development. 00:15:11.789 --> 00:15:14.370 As the crypto industry evolves, it is vital to 00:15:14.370 --> 00:15:16.990 continue exploring the potential of AI while 00:15:16.990 --> 00:15:19.570 addressing the associated challenges and risks. 00:15:21.009 --> 00:15:22.950 Hey there! I have some interesting news to share 00:15:22.950 --> 00:15:25.500 in the world of cryptocurrency. It seems that 00:15:25.500 --> 00:15:28.919 the CEO of BlockFi, Zach Prince, may have been 00:15:28.919 --> 00:15:31.419 aware of the shaky balance sheet of FTX before 00:15:31.419 --> 00:15:34.320 its collapse. Creditors are alleging that Prince 00:15:34.320 --> 00:15:36.679 instructed his management team to get comfortable 00:15:36.679 --> 00:15:39.019 with Alameda despite its significant exposure 00:15:39.019 --> 00:15:42.519 to FTT. Quite a bold move, if you ask me. On 00:15:42.519 --> 00:15:44.379 another note, I wanted to give you a heads up 00:15:44.379 --> 00:15:46.700 about a concerning matter. There are scammers 00:15:46.700 --> 00:15:50.279 out there impersonating Decrypt, a reliable cryptocurrency 00:15:50.279 --> 00:15:53.549 news outlet. Just a friendly reminder. decrypt 00:15:53.549 --> 00:15:56.490 journalists will never ask you to sign a form 00:15:56.490 --> 00:15:59.669 or download files in exchange for coverage. So 00:15:59.669 --> 00:16:02.590 be cautious and watch out for these warning signs 00:16:02.590 --> 00:16:05.210 to protect yourself from falling into any traps. 00:16:05.690 --> 00:16:08.710 Now here's an unexpected twist. An environmentally 00:16:08.710 --> 00:16:11.610 conscious fund manager is refuting claims by 00:16:11.610 --> 00:16:14.330 Greenpeace that Bitcoin mining contributes to 00:16:14.330 --> 00:16:17.330 pollution. In fact, this fund manager believes 00:16:17.330 --> 00:16:19.669 that Bitcoin mining can actually help clean up 00:16:19.669 --> 00:16:22.350 the atmosphere. An intriguing perspective, don't 00:16:22.350 --> 00:16:25.460 you think? Let's move on to Elon Musk, the Dogecoin 00:16:25.460 --> 00:16:28.080 -loving tech mogul. Remember how he called for 00:16:28.080 --> 00:16:31.259 AI regulation to prevent human extinction? Well, 00:16:31.259 --> 00:16:34.419 now he's diving into the world of chatbots. Musk 00:16:34.419 --> 00:16:37.200 aims to create an uncensored chatbot through 00:16:37.200 --> 00:16:40.340 his new venture called XAI. It'll be interesting 00:16:40.340 --> 00:16:42.299 to see how he approaches this and whether it 00:16:42.299 --> 00:16:45.720 aligns with his vision for unbiased AI. Cybercriminals 00:16:45.720 --> 00:16:48.620 never fail to find new ways to exploit technology. 00:16:49.220 --> 00:16:51.809 This time, They're using a malicious clone of 00:16:51.809 --> 00:16:55.450 chat GPT called Worm GPT to launch personalized 00:16:55.450 --> 00:16:58.029 phishing attacks via email. It's a concerning 00:16:58.029 --> 00:17:00.750 development as generative AI is being weaponized 00:17:00.750 --> 00:17:03.590 for nefarious purposes. Stay vigilant and be 00:17:03.590 --> 00:17:05.869 cautious when interacting with emails and online 00:17:05.869 --> 00:17:08.470 communications. In other news, the Securities 00:17:08.470 --> 00:17:12.109 and Exchange Commission, SEC, has accepted Valkyrie's 00:17:12.109 --> 00:17:15.460 Bitcoin ETF proposal for official review. This 00:17:15.460 --> 00:17:18.259 marks the second ETF application, after BlackRock, 00:17:18.640 --> 00:17:21.460 to be accepted by the regulator. It's an important 00:17:21.460 --> 00:17:24.279 step towards bringing more legitimacy and accessibility 00:17:24.279 --> 00:17:27.480 to the world of cryptocurrencies. Brian Armstrong, 00:17:27.660 --> 00:17:30.200 the CEO of Coinbase, seems to be making efforts 00:17:30.200 --> 00:17:32.619 to engage with House Democrats and discuss crypto. 00:17:33.380 --> 00:17:35.960 As part of Coinbase's bid for regulatory clarity, 00:17:36.460 --> 00:17:39.039 Armstrong reportedly plans to meet the New Democrat 00:17:39.039 --> 00:17:41.910 Coalition. It's crucial for industry leaders 00:17:41.910 --> 00:17:44.349 to actively participate in these conversations 00:17:44.349 --> 00:17:47.930 to shape the future of crypto regulations. Have 00:17:47.930 --> 00:17:50.369 you ever wondered how much Bitcoin has been lost 00:17:50.369 --> 00:17:53.710 forever? Well, the folks at ITB data have some 00:17:53.710 --> 00:17:56.309 insights. They have calculated the amount of 00:17:56.309 --> 00:17:58.910 Bitcoin that is considered irretrievable due 00:17:58.910 --> 00:18:02.430 to lost keys or forgotten wallets. It's a significant 00:18:02.430 --> 00:18:04.750 number, highlighting the importance of secure 00:18:04.750 --> 00:18:06.930 storage and responsible management of crypto 00:18:06.930 --> 00:18:11.519 assets. In a surprising turn of events, XRP has 00:18:11.519 --> 00:18:13.859 surpassed Bitcoin in terms of trading volume 00:18:13.859 --> 00:18:17.819 following Ripple's victory over the SEC. It's 00:18:17.819 --> 00:18:19.859 interesting to see how legal developments can 00:18:19.859 --> 00:18:22.720 impact the crypto market dynamics. Keep an eye 00:18:22.720 --> 00:18:24.980 on these trends as they could have significant 00:18:24.980 --> 00:18:27.680 implications for the overall market. Now let's 00:18:27.680 --> 00:18:30.660 dive into some Bitcoin price analysis. There's 00:18:30.660 --> 00:18:34.019 speculation about whether BTC can reach $1 .28K 00:18:34.019 --> 00:18:36.279 in the next few days. It's always intriguing 00:18:36.279 --> 00:18:38.400 to follow these predictions and see how the market 00:18:38.400 --> 00:18:41.339 reacts. Remember, though, that the crypto market 00:18:41.339 --> 00:18:43.980 can be incredibly volatile, so it's essential 00:18:43.980 --> 00:18:47.299 to approach these analyses with caution. Mining 00:18:47.299 --> 00:18:51.019 2 .0 is on the horizon. Crypto miners are embracing 00:18:51.019 --> 00:18:54.099 artificial intelligence, AI, as the new frontier 00:18:54.099 --> 00:18:57.420 in their operations. The integration of AI technologies 00:18:57.420 --> 00:19:00.519 can improve mining efficiency, optimize energy 00:19:00.519 --> 00:19:03.099 consumption, and enhance overall performance. 00:19:03.339 --> 00:19:05.440 It's fascinating to see how different industries 00:19:05.440 --> 00:19:08.339 are leveraging AI for innovation. A Canadian 00:19:08.339 --> 00:19:10.480 phishing scammer recently made headlines for 00:19:10.480 --> 00:19:13.559 stealing over $1 million in crypto and NFTs. 00:19:14.039 --> 00:19:16.180 The individual was exposed for running a fraudulent 00:19:16.180 --> 00:19:18.819 operation and victimizing unsuspecting crypto 00:19:18.819 --> 00:19:21.200 enthusiasts. It's a stark reminder to always 00:19:21.200 --> 00:19:23.259 be vigilant and cautious when interacting with 00:19:23.259 --> 00:19:25.519 unfamiliar platforms and individuals in the crypto 00:19:25.519 --> 00:19:28.160 space. Bitcoin investment products are attracting 00:19:28.160 --> 00:19:31.660 the highest inflows since 2021. This indicates 00:19:31.660 --> 00:19:33.559 a growing interest and confidence in Bitcoin 00:19:33.559 --> 00:19:36.160 as an investment asset. It's a positive sign 00:19:36.160 --> 00:19:38.880 for the overall adoption and acceptance of cryptocurrencies 00:19:38.880 --> 00:19:41.819 in traditional financial markets. Aave's Lens 00:19:41.819 --> 00:19:44.839 Protocol V2 is introducing new features to its 00:19:44.839 --> 00:19:48.259 Web3 social app. Aave, a decentralized finance 00:19:48.259 --> 00:19:50.539 platform, continues to innovate and enhance its 00:19:50.539 --> 00:19:53.000 offerings. It's exciting to see the progress 00:19:53.000 --> 00:19:56.079 being made in the DeFi space, creating new possibilities 00:19:56.079 --> 00:19:58.640 for decentralized and user -centric applications. 00:19:59.150 --> 00:20:02.230 In a truly bizarre incident, a burned investor 00:20:02.230 --> 00:20:04.329 has been accused of kidnapping and assaulting 00:20:04.329 --> 00:20:07.309 Ontario's crypto king. The details surrounding 00:20:07.309 --> 00:20:09.950 this case are surreal and highlight the potential 00:20:09.950 --> 00:20:12.210 risks and conflicts that can arise in the crypto 00:20:12.210 --> 00:20:15.470 world. It serves as a reminder to approach investments 00:20:15.470 --> 00:20:18.589 with caution and ensure proper due diligence. 00:20:19.490 --> 00:20:22.210 Binance, one of the leading cryptocurrency exchanges, 00:20:22.869 --> 00:20:25.069 has successfully integrated Bitcoin on the Lightning 00:20:25.069 --> 00:20:27.920 Network. This integration enables users to make 00:20:27.920 --> 00:20:30.380 deposits and withdrawals faster and with lower 00:20:30.380 --> 00:20:33.140 fees. It's a positive development for the scalability 00:20:33.140 --> 00:20:35.380 and usability of Bitcoin on major platforms. 00:20:36.160 --> 00:20:38.819 The SEC chair, Gary Gensler, seems to be expressing 00:20:38.819 --> 00:20:40.680 disappointment at Ripple's victory in court. 00:20:41.160 --> 00:20:43.440 Gensler, who has been stuttering on his statements 00:20:43.440 --> 00:20:46.559 about crypto regulations, seems to have a mixed 00:20:46.559 --> 00:20:49.160 sentiment regarding this outcome. It remains 00:20:49.160 --> 00:20:51.740 to be seen how these sentiments will shape future 00:20:51.740 --> 00:20:55.299 regulatory actions. Chainlink recently experienced 00:20:55.299 --> 00:20:58.519 a 7 % jump in its price due to cross -chain news, 00:20:59.119 --> 00:21:02.259 while Bitcoin slipped to an 18 -day low. It's 00:21:02.259 --> 00:21:04.460 an excellent reminder of the volatility within 00:21:04.460 --> 00:21:07.299 the crypto market and how various factors can 00:21:07.299 --> 00:21:09.440 impact different cryptocurrencies differently. 00:21:10.039 --> 00:21:12.400 Keep an eye on these market fluctuations as they 00:21:12.400 --> 00:21:15.119 can offer interesting trading opportunities. 00:21:15.960 --> 00:21:17.960 Now let's talk about an exciting development 00:21:17.960 --> 00:21:21.099 in the podcasting world. Noster's apps and value 00:21:21.099 --> 00:21:24.779 -for -value V4V podcasting are revolutionizing 00:21:24.779 --> 00:21:27.880 the traditional sponsorship model. These phenomena 00:21:27.880 --> 00:21:30.660 prioritize the direct connection between podcasters 00:21:30.660 --> 00:21:33.299 and listeners, allowing podcasters to create 00:21:33.299 --> 00:21:35.740 content that aligns with their vision, while 00:21:35.740 --> 00:21:37.799 providing listeners the opportunity to actively 00:21:37.799 --> 00:21:40.420 engage, support, and contribute to the podcasts 00:21:40.420 --> 00:21:43.299 they love. It's a more collaborative and fair 00:21:43.299 --> 00:21:46.039 approach, paving the way for an exciting future 00:21:46.039 --> 00:21:48.539 in podcasting. If you're enjoying the Bitcoin 00:21:48.539 --> 00:21:50.640 Street Journal podcast, please show your support 00:21:50.640 --> 00:21:55.319 on Fountain .com, Noster .Build, Spotify, Amazon 00:21:55.319 --> 00:22:00.819 Music, RSS .com, Pandora, Samsung podcasts, Apple 00:22:00.819 --> 00:22:04.200 iTunes, iHeartRadio, and many more platforms. 00:22:04.779 --> 00:22:07.559 A simple like, share, or subscribe can go a long 00:22:07.559 --> 00:22:09.740 way in supporting the podcast and keeping it 00:22:09.740 --> 00:22:12.460 going strong. Thanks for listening and your amazing 00:22:12.460 --> 00:22:15.180 support. And that's a wrap for today's cryptocurrency 00:22:15.180 --> 00:22:18.559 news update. Stay informed, stay engaged, and 00:22:18.559 --> 00:22:20.359 keep exploring the exciting world of crypto. 00:22:20.900 --> 00:22:46.589 Until next time. and BlockFi CEO's alleged knowledge 00:22:46.589 --> 00:22:49.410 of FTX's unstable balance sheet, among others. 00:22:49.829 --> 00:22:51.390 Thanks for listening to today's episode. I'll 00:22:51.390 --> 00:22:53.109 see you guys at the next one and don't forget 00:22:53.109 --> 00:22:53.750 to subscribe.