WEBVTT 00:00:14.959 --> 00:00:17.539 Welcome to the Bitcoin Street Journal, Bitcoin 00:00:17.539 --> 00:00:19.960 Market Update Podcast, your daily source for 00:00:19.960 --> 00:00:22.780 live updates on the Bitcoin market. Join us as 00:00:22.780 --> 00:00:25.179 we delve into current Bitcoin technical analysis, 00:00:25.820 --> 00:00:29.760 track Bitcoin, BTC prices, explore market capitalization 00:00:29.760 --> 00:00:33.079 trends, and analyze market supply. Stay ahead 00:00:33.079 --> 00:00:34.939 of the curve with our comprehensive coverage 00:00:34.939 --> 00:00:37.909 of the ever evolving world of Bitcoin. In today's 00:00:37.909 --> 00:00:40.210 episode, we'll cover Societe Generale's crypto 00:00:40.210 --> 00:00:43.289 arm getting a DASP license, Bitcoin's hashrate 00:00:43.289 --> 00:00:47.009 increasing by 661%, Peter Schiff's son losing 00:00:47.009 --> 00:00:49.750 faith in Bitcoin, Robert F. Kennedy supporting 00:00:49.750 --> 00:00:53.270 backing U .S. dollar with Bitcoin, FTX COO being 00:00:53.270 --> 00:00:56.509 hired by Sino Global Capital, Bitcoin and Ethereum 00:00:56.509 --> 00:01:00.090 whales depositing $250 million, Anker partnering 00:01:00.090 --> 00:01:03.189 with Matterlabs for Zeke's SYNC era nodes, Australian 00:01:03.189 --> 00:01:05.670 watchdog cancelling FTX Australia's license, 00:01:06.079 --> 00:01:09.019 Tesla not selling any Bitcoin for a year. Congressman 00:01:09.019 --> 00:01:12.379 criticizing SEC after Ripple ruling. BTC exceeding 00:01:12.379 --> 00:01:17.299 $1 .30K in Stellar. XLM rising 23%. MyCA framework 00:01:17.299 --> 00:01:20.599 not covering most NFTs in DeFi without intermediaries. 00:01:21.079 --> 00:01:22.799 Symbol launching a user -friendly blockchain 00:01:22.799 --> 00:01:26.280 explorer. NASDAQ delaying crypto custody. AI 00:01:26.280 --> 00:01:28.819 not replacing human spies according to MI6 Chief. 00:01:29.019 --> 00:01:31.920 preserving Pollock's studio floor as NFTs, U 00:01:31.920 --> 00:01:35.060 .S. bill targeting DeFi, AC Milan extending crypto 00:01:35.060 --> 00:01:38.180 sponsorship, Russia testing digital ruble, Apple 00:01:38.180 --> 00:01:41.120 developing AI chatbot, Dr. Disrespect's dead 00:01:41.120 --> 00:01:44.280 -rop game, NARS auctioning orgasm NFTs, Coinbase 00:01:44.280 --> 00:01:46.579 protocols predicted to onboard 8 billion people, 00:01:47.019 --> 00:01:50.519 chat GPTs performance declining, museums embracing 00:01:50.519 --> 00:01:53.459 digital art and AI, Bitcoin surviving its worst 00:01:53.459 --> 00:01:55.840 performance period, National Bank of Australia 00:01:55.840 --> 00:01:58.540 blocking payments to high -risk crypto exchanges, 00:01:58.989 --> 00:02:02.209 Telegram raising $210 million through bond sales. 00:02:02.629 --> 00:02:05.349 Multi -chain ceasing operations. Athena raising 00:02:05.349 --> 00:02:10.569 $6M. Coin Fund raising $158M. U .S. seizing millions. 00:02:11.090 --> 00:02:14.750 BTC, ETPs seeing large inflows. Polychain raising 00:02:14.750 --> 00:02:18.789 $200M. NASDAQ halting custody. $2 .32 billion 00:02:18.789 --> 00:02:21.530 invested in crypto. Low funding for startups. 00:02:22.069 --> 00:02:25.430 BTC price after having. Using BTC to avoid sanctions. 00:02:26.069 --> 00:02:29.069 EU Bitcoin spot ETF. and the concept of Noster's 00:02:29.069 --> 00:02:32.810 app's revolutionizing podcast sponsorship. Societe 00:02:32.810 --> 00:02:35.210 Generale's CryptoArm becomes first entity to 00:02:35.210 --> 00:02:38.789 score France's DASP license. Hey, everyone. Big 00:02:38.789 --> 00:02:41.090 news in the crypto world. Societe Generale's 00:02:41.090 --> 00:02:43.210 CryptoArm has scored a major win by becoming 00:02:43.210 --> 00:02:45.569 the first entity to receive France's digital 00:02:45.569 --> 00:02:49.389 asset service provider DASP license. This is 00:02:49.389 --> 00:02:51.949 a significant milestone in the adoption of cryptocurrencies 00:02:51.949 --> 00:02:54.789 as it shows increasing recognition and acceptance 00:02:54.789 --> 00:02:57.569 from traditional financial institutions. Bitcoin 00:02:57.569 --> 00:03:01.509 records 661 % increase in hashrate in two years. 00:03:02.229 --> 00:03:05.909 Data. Whoa, Bitcoin is on fire. Recent data reveals 00:03:05.909 --> 00:03:08.409 that Bitcoin's hashrate has skyrocketed by a 00:03:08.409 --> 00:03:12.250 whopping 661 % in just two years. For those not 00:03:12.250 --> 00:03:14.569 familiar with the term, the hashrate refers to 00:03:14.569 --> 00:03:17.530 the computational power that Bitcoin miners contribute 00:03:17.530 --> 00:03:20.669 to the network. This exponential growth is a 00:03:20.669 --> 00:03:23.830 testament to the increasing interest and investment 00:03:23.830 --> 00:03:28.550 in Bitcoin mining. Peter Schiff's son is no longer 00:03:28.550 --> 00:03:31.650 a Bitcoin believer. Well, it seems even within 00:03:31.650 --> 00:03:34.069 families there can be opposing views on Bitcoin. 00:03:34.610 --> 00:03:37.250 Peter Schiff's son, Spencer Schiff, known for 00:03:37.250 --> 00:03:39.889 his pro -Bitcoin stance, has surprisingly had 00:03:39.889 --> 00:03:42.250 a change of heart. He recently announced that 00:03:42.250 --> 00:03:45.069 he is no longer a Bitcoin believer and has liquidated 00:03:45.069 --> 00:03:48.250 his BTC holdings. Guess the crypto market can 00:03:48.250 --> 00:03:51.349 sometimes even divide households. Presidential 00:03:51.349 --> 00:03:54.210 candidate Robert F. Kennedy to back the US dollar 00:03:54.210 --> 00:03:57.360 with Bitcoin if elected. Wow, political candidates 00:03:57.360 --> 00:04:00.360 getting into the crypto game now. It has come 00:04:00.360 --> 00:04:02.580 to light that presidential candidate Robert F. 00:04:02.639 --> 00:04:04.939 Kennedy plans to back the US dollar with Bitcoin 00:04:04.939 --> 00:04:08.120 if elected. This bold move highlights the growing 00:04:08.120 --> 00:04:10.800 interest in harnessing the potential of cryptocurrencies 00:04:10.800 --> 00:04:13.539 to strengthen traditional financial systems. 00:04:14.240 --> 00:04:16.259 It will undoubtedly be interesting to see how 00:04:16.259 --> 00:04:20.220 this proposal plays out. Former FTX COO hired 00:04:20.220 --> 00:04:24.069 by Sino Global Capital, report. In other crypto 00:04:24.069 --> 00:04:26.709 news, a former FTX chief operating officer has 00:04:26.709 --> 00:04:29.529 recently been hired by CINO Global Capital. This 00:04:29.529 --> 00:04:31.990 move is yet another example of experienced professionals 00:04:31.990 --> 00:04:34.189 from the traditional finance world transitioning 00:04:34.189 --> 00:04:36.970 into the crypto industry. It's exciting to witness 00:04:36.970 --> 00:04:39.189 the merging of these two spheres and see the 00:04:39.189 --> 00:04:41.870 expertise they bring to the table. Bitcoin whale 00:04:41.870 --> 00:04:45.310 and Ethereum ICO member deposit dollar 250 million 00:04:45.310 --> 00:04:48.089 holdings to exchanges hold on tight. We have 00:04:48.089 --> 00:04:50.430 witnessed a substantial move in the crypto space. 00:04:50.970 --> 00:04:54.170 A Bitcoin whale along with an Ethereum ICO member 00:04:54.170 --> 00:04:58.069 has deposited a mind -boggling $250 million worth 00:04:58.069 --> 00:05:01.170 of crypto holdings to exchanges. Such massive 00:05:01.170 --> 00:05:03.410 transactions can have significant implications 00:05:03.410 --> 00:05:06.389 for the market and possibly indicate future movements. 00:05:06.910 --> 00:05:09.189 It's like watching an intense chess game unfold. 00:05:09.629 --> 00:05:12.670 Anchor taps matter labs to launch ZKSync era 00:05:12.670 --> 00:05:15.490 nodes, hyperchains on Microsoft's Azure Breaking 00:05:15.490 --> 00:05:19.199 News. Anchor, a prominent crypto platform, has 00:05:19.199 --> 00:05:21.339 partnered with Matterlabs to launch ZeekSync 00:05:21.339 --> 00:05:23.819 era nodes and hyperchains on Microsoft's Azure 00:05:23.819 --> 00:05:26.459 platform. This collaboration aims to enhance 00:05:26.459 --> 00:05:28.920 the scalability, security, and overall performance 00:05:28.920 --> 00:05:31.660 of blockchain technology. It's fantastic to see 00:05:31.660 --> 00:05:33.779 such innovative solutions being developed and 00:05:33.779 --> 00:05:36.920 implemented. Australian securities watchdog cancels 00:05:36.920 --> 00:05:40.759 FTX, Australia's AFS license. The Australian 00:05:40.759 --> 00:05:43.019 crypto scene has hit a bump in the road. The 00:05:43.019 --> 00:05:45.939 country's securities watchdog has cancelled FTX, 00:05:45.959 --> 00:05:48.800 Australia's AFS, Australian Financial Services 00:05:48.800 --> 00:05:52.000 license. This regulatory move serves as a reminder 00:05:52.000 --> 00:05:54.480 of the continued scrutiny and evolving landscape 00:05:54.480 --> 00:05:57.800 surrounding crypto exchanges. Compliance is key 00:05:57.800 --> 00:06:00.500 in maintaining trust and avoiding potential setbacks. 00:06:01.040 --> 00:06:03.459 For a whole year, Tesla didn't sell any Bitcoin, 00:06:03.720 --> 00:06:07.930 BTC. Hold your horses, crypto enthusiasts. It 00:06:07.930 --> 00:06:10.490 has been revealed that Tesla, the famous electric 00:06:10.490 --> 00:06:13.009 vehicle company, did not sell any of its Bitcoin, 00:06:13.189 --> 00:06:17.470 BTC holdings, for an entire year. This news comes 00:06:17.470 --> 00:06:20.550 as a surprise, considering how closely Elon Musk's 00:06:20.550 --> 00:06:22.589 tweets have influenced the market in the past. 00:06:23.209 --> 00:06:25.189 It just goes to show that even major players 00:06:25.189 --> 00:06:28.110 like Tesla have their own long -term strategies. 00:06:28.829 --> 00:06:32.230 Following landmark ripple XRP court ruling, Congressman 00:06:32.230 --> 00:06:35.670 Slam, Gensler and SEC for predatory approach. 00:06:36.199 --> 00:06:38.639 After the landmark court ruling favoring Ripple, 00:06:38.899 --> 00:06:41.660 XRP, several congressmen have voiced their criticism 00:06:41.660 --> 00:06:44.639 against Gary Gensler and the SEC, Securities 00:06:44.639 --> 00:06:47.459 and Exchange Commission. They are accusing the 00:06:47.459 --> 00:06:50.019 regulatory body of adopting a predatory approach 00:06:50.019 --> 00:06:53.019 towards the crypto industry. This case has significant 00:06:53.019 --> 00:06:55.860 implications for the future regulation of cryptocurrencies 00:06:55.860 --> 00:06:59.500 and the debate continues to heat up. BTC tops 00:06:59.500 --> 00:07:03.939 $1 .30k while Stellar XLM skyrockets 23 % overnight 00:07:03.939 --> 00:07:07.240 market watch. Whoop, there it is. Bitcoin BTC 00:07:07.240 --> 00:07:09.939 has reached new heights, soaring past the $1 00:07:09.939 --> 00:07:12.639 .30K mark. The crypto market continues to be 00:07:12.639 --> 00:07:15.860 thrilling, with Stellar, XLM, also making waves 00:07:15.860 --> 00:07:19.420 by skyrocketing a whopping 23 % overnight. These 00:07:19.420 --> 00:07:21.879 price movements indicate the dynamic nature of 00:07:21.879 --> 00:07:24.199 cryptocurrencies, keeping traders and investors 00:07:24.199 --> 00:07:27.800 on their toes. What is MICA? What the EU crypto 00:07:27.800 --> 00:07:30.139 governing framework means for you? Curious about 00:07:30.139 --> 00:07:33.199 MICA? It stands for the Markets and Crypto Assets 00:07:33.199 --> 00:07:36.079 Regulation. This new framework introduced by 00:07:36.079 --> 00:07:38.519 the European Union aims to regulate the crypto 00:07:38.519 --> 00:07:41.379 market and provide legal certainty. For those 00:07:41.379 --> 00:07:43.860 involved in the crypto space, MyCA will bring 00:07:43.860 --> 00:07:46.240 increased transparency, consumer protection, 00:07:46.620 --> 00:07:49.000 and a more secure environment. It's an exciting 00:07:49.000 --> 00:07:56.800 step towards mainstream adoption. Now let's dive 00:07:56.800 --> 00:07:59.300 a bit deeper into MyCA. It's important to note 00:07:59.300 --> 00:08:02.060 that this framework does not cover most non -fungible 00:08:02.060 --> 00:08:05.610 tokens, NFTs. However, it does include fractionalized 00:08:05.610 --> 00:08:09.370 NFTs and NFTs released as collections. Additionally, 00:08:09.550 --> 00:08:12.370 MyCA does not cover decentralized finance, DeFi 00:08:12.370 --> 00:08:14.949 applications that operate without intermediaries. 00:08:15.370 --> 00:08:18.189 So while MyCA is a step forward, there are still 00:08:18.189 --> 00:08:20.410 aspects of the crypto market that fall outside 00:08:20.410 --> 00:08:23.949 its scope. Symbol launches human readable Ethereum 00:08:23.949 --> 00:08:27.029 blockchain explorer, a social ether scan. Hey, 00:08:27.290 --> 00:08:30.350 check this out. Symbol, a new Ethereum blockchain 00:08:30.350 --> 00:08:32.879 explorer has hit the scene. What sets Symbol 00:08:32.879 --> 00:08:35.820 apart is its human -readable approach. Unlike 00:08:35.820 --> 00:08:38.100 traditional explorers that can be confusing for 00:08:38.100 --> 00:08:40.759 the average user, Symbol presents information 00:08:40.759 --> 00:08:43.340 in a visually appealing and user -friendly way. 00:08:43.840 --> 00:08:46.240 It aims to make blockchain technology accessible 00:08:46.240 --> 00:08:50.159 to the masses. How cool is that? Nasdaq delays 00:08:50.159 --> 00:08:53.639 crypto custody. Until regulatory concerns die 00:08:53.639 --> 00:08:56.659 down, Nasdaq, the renowned stock exchange, has 00:08:56.659 --> 00:08:58.960 decided to delay its entry into the crypto custody 00:08:58.960 --> 00:09:01.929 space. This decision is based on concerns surrounding 00:09:01.929 --> 00:09:06.269 regulatory clarity. However, NASDAQ CEO Adina 00:09:06.269 --> 00:09:08.370 Friedman made it clear that despite the delay, 00:09:08.809 --> 00:09:10.789 the company remains committed to supporting the 00:09:10.789 --> 00:09:13.970 development of the digital asset ecosystem. It's 00:09:13.970 --> 00:09:16.570 a strategic move in a rapidly evolving industry. 00:09:17.210 --> 00:09:19.570 AI won't replace human spies, says Britain's 00:09:19.570 --> 00:09:22.289 MI6 chief. Don't worry, human spies, you're safe 00:09:22.289 --> 00:09:24.690 for now. The chief of Britain's secret intelligence 00:09:24.690 --> 00:09:27.929 service, MI6, has stated that artificial intelligence 00:09:28.159 --> 00:09:32.340 AI won't replace human spies anytime soon. The 00:09:32.340 --> 00:09:35.259 importance of human factors in intelligence gathering 00:09:35.259 --> 00:09:38.759 cannot be replicated by AI systems. It's a reminder 00:09:38.759 --> 00:09:41.100 that technology can augment our capabilities, 00:09:41.759 --> 00:09:43.919 but human intuition and understanding remain 00:09:43.919 --> 00:09:47.279 invaluable. Robert F. Kennedy Jr. wants Bitcoin 00:09:47.279 --> 00:09:49.860 -backed U .S. dollars and tax breaks for investors. 00:09:51.100 --> 00:09:52.840 Here's another interesting development on the 00:09:52.840 --> 00:09:56.100 political front. Robert F. Kennedy Jr., son of 00:09:56.100 --> 00:09:58.700 the late Robert F. Kennedy, has expressed his 00:09:58.700 --> 00:10:01.919 support for Bitcoin -backed US dollars. He believes 00:10:01.919 --> 00:10:04.799 that Bitcoin's durability makes it an ideal currency 00:10:04.799 --> 00:10:08.519 to back the US dollar. Additionally, he proposes 00:10:08.519 --> 00:10:11.120 tax breaks for investors in this digital currency. 00:10:11.840 --> 00:10:13.580 It seems like Bitcoin is finding support from 00:10:13.580 --> 00:10:16.460 unexpected quarters. Why Jackson Pollock's historic 00:10:16.460 --> 00:10:18.360 paint -splattered floor is being immortalized 00:10:18.360 --> 00:10:22.259 as NFTs. Let's shift gears for a moment and explore 00:10:22.259 --> 00:10:25.460 the world of art and NFTs. Jackson Pollock's 00:10:25.460 --> 00:10:28.220 historic paint -splattered floor is being immortalized 00:10:28.220 --> 00:10:31.840 in the form of non -fungible tokens, NFTs. For 00:10:31.840 --> 00:10:34.580 art enthusiasts and collectors, this opens up 00:10:34.580 --> 00:10:37.019 new possibilities for preserving and owning iconic 00:10:37.019 --> 00:10:40.259 pieces. It's an exciting intersection of traditional 00:10:40.259 --> 00:10:42.720 art and cutting -edge technology. And there you 00:10:42.720 --> 00:10:45.460 have it, folks, a roundup of the latest happenings 00:10:45.460 --> 00:10:48.230 in the crypto world. From institutional adoption 00:10:48.230 --> 00:10:51.009 to regulatory developments, it's evident that 00:10:51.009 --> 00:10:53.250 cryptocurrencies are making their presence felt. 00:10:53.850 --> 00:10:56.149 So buckle up and stay tuned for more exciting 00:10:56.149 --> 00:11:00.129 news in this ever -evolving space. So have you 00:11:00.129 --> 00:11:02.570 heard the news? There's an amazing art collection 00:11:02.570 --> 00:11:05.210 from the Jackson Pollock Studio and iconic moments 00:11:05.210 --> 00:11:07.330 that has been digitally preserved on Ethereum. 00:11:08.029 --> 00:11:09.870 Isn't that incredible? It's like taking a slice 00:11:09.870 --> 00:11:12.110 of history and making sure it lasts forever. 00:11:12.850 --> 00:11:15.490 But hold on, there's more. A bipartisan bill 00:11:15.490 --> 00:11:18.330 is making waves, proposing that the US Treasury 00:11:18.330 --> 00:11:21.129 gain authority over decentralized finance or 00:11:21.129 --> 00:11:24.190 DeFi. The bill's sponsors are concerned about 00:11:24.190 --> 00:11:26.889 financial crime, specifically highlighting DeFi 00:11:26.889 --> 00:11:29.629 platforms and crypto ATMs as potential vectors. 00:11:30.250 --> 00:11:32.009 It's all about keeping things safe and secure 00:11:32.009 --> 00:11:34.629 in the world of digital finance. Now let's talk 00:11:34.629 --> 00:11:38.169 sports. AC Milan, one of Italy's most legendary 00:11:38.169 --> 00:11:40.450 soccer clubs, is extending its sponsorship in 00:11:40.450 --> 00:11:42.740 the crypto world. They've been partnered with 00:11:42.740 --> 00:11:44.659 BitMEX for two years, and they're not stopping 00:11:44.659 --> 00:11:47.759 anytime soon. It's fascinating to see how sports 00:11:47.759 --> 00:11:49.740 and cryptocurrency are merging together, isn't 00:11:49.740 --> 00:11:53.139 it? Speaking of cryptocurrencies, Russia is joining 00:11:53.139 --> 00:11:56.100 the CBDC club. They're planning to start testing 00:11:56.100 --> 00:11:59.379 their very own digital ruble in August, pending 00:11:59.379 --> 00:12:02.299 Vladimir Putin's approval, of course. If all 00:12:02.299 --> 00:12:04.960 goes well, Russia will become one of the largest 00:12:04.960 --> 00:12:07.620 adopters of central bank digital currencies to 00:12:07.620 --> 00:12:10.279 date. It's a big step forward for the world of 00:12:10.279 --> 00:12:12.779 digital finance. Now let's dive into the tech 00:12:12.779 --> 00:12:15.100 world. Did you know that Apple is working on 00:12:15.100 --> 00:12:19.259 its very own AI chatbot? It's true. But unlike 00:12:19.259 --> 00:12:21.919 chat GPT, Apple's chatbot won't be available 00:12:21.919 --> 00:12:24.440 to the public. They're keeping it all to themselves. 00:12:24.919 --> 00:12:27.259 No plans for a consumer release at the moment. 00:12:27.779 --> 00:12:29.879 It's always fascinating to see how tech giants 00:12:29.879 --> 00:12:32.620 are innovating behind the scenes. Are you a gamer? 00:12:33.080 --> 00:12:35.139 Well, here's something exciting for you. There's 00:12:35.139 --> 00:12:37.299 a new first person shooter game called Dead R 00:12:37.299 --> 00:12:40.159 .O .P. and it's currently in limited early access. 00:12:40.620 --> 00:12:42.440 If you want to get in on the action, you'll need 00:12:42.440 --> 00:12:44.620 to unlock it. Sounds like a challenge, doesn't 00:12:44.620 --> 00:12:47.120 it? I'm sure it's worth it, though. Now let's 00:12:47.120 --> 00:12:49.720 talk about a rather eyebrow -raising collaboration. 00:12:50.240 --> 00:12:53.100 NARS Cosmetics, in partnership with super rare 00:12:53.100 --> 00:12:56.600 and digital artists, is dropping NFTs for National 00:12:56.600 --> 00:12:59.340 Orgasm Day. Yes, you heard that right, orgasm 00:12:59.340 --> 00:13:02.480 NFTs. It's definitely a unique way for the beauty 00:13:02.480 --> 00:13:04.860 brand to make a statement and ride the NFT wave. 00:13:05.240 --> 00:13:07.759 In the world of cryptocurrencies, Coinbase has 00:13:07.759 --> 00:13:10.320 predicted that a whopping 8 billion people will 00:13:10.320 --> 00:13:13.500 go on chain over the next decade. That's a massive 00:13:13.500 --> 00:13:16.100 number. And Coinbase's protocols are leading 00:13:16.100 --> 00:13:19.299 the way. Jesse Pollack is spearheading their 00:13:19.299 --> 00:13:21.700 efforts on base, which is their Ethereum focused 00:13:21.700 --> 00:13:24.480 layer two network. It's all about scalability 00:13:24.480 --> 00:13:26.759 and making sure that everyone can participate 00:13:26.759 --> 00:13:29.379 in the crypto space. Now, here's an interesting 00:13:29.379 --> 00:13:32.500 study. Researchers from UC Berkeley found that 00:13:32.500 --> 00:13:36.039 ChatGPT, the highly popular AI chatbot, may not 00:13:36.039 --> 00:13:38.840 be as good as we think. In fact, the study suggests 00:13:38.840 --> 00:13:41.419 that ChatGPT's performance has not improved over 00:13:41.419 --> 00:13:44.740 time and may have even gotten worse. It's a reminder 00:13:44.740 --> 00:13:47.399 that even advanced AI systems have their limitations. 00:13:47.960 --> 00:13:50.799 Let's wrap things up with the art world. Museums 00:13:50.799 --> 00:13:53.320 and galleries are embracing digital art and exploring 00:13:53.320 --> 00:13:56.820 the possibilities of AI. The future of art, its 00:13:56.820 --> 00:13:59.470 accessibility, and its audience were all discussed 00:13:59.470 --> 00:14:02.690 at Christie's Art Plus Tech Summit. It's fascinating 00:14:02.690 --> 00:14:05.169 to see how technology is transforming the way 00:14:05.169 --> 00:14:08.370 we experience and interact with art. And that's 00:14:08.370 --> 00:14:10.990 a wrap. There's always something new and exciting 00:14:10.990 --> 00:14:14.070 happening in the worlds of art, finance, tech, 00:14:14.350 --> 00:14:17.210 and more. It's a never -ending stream of innovation 00:14:17.210 --> 00:14:20.090 and creativity. Can't wait to see what's coming 00:14:20.090 --> 00:14:24.860 next. Hey there! If you're reading this, congratulations! 00:14:25.080 --> 00:14:27.179 You've made it through Bitcoin's worst performance 00:14:27.179 --> 00:14:29.820 period ever. It hasn't been an easy ride, but 00:14:29.820 --> 00:14:33.159 here we are, still standing. You may wonder why 00:14:33.159 --> 00:14:35.740 the price of Bitcoin is so closely tied to the 00:14:35.740 --> 00:14:38.399 amount of money in the system. Well, the more 00:14:38.399 --> 00:14:41.720 money, or liquidity, there is, the higher the 00:14:41.720 --> 00:14:45.139 BTC price gets traded. It's the power of absolute 00:14:45.139 --> 00:14:48.220 scarcity at play here. With Bitcoin being limited 00:14:48.220 --> 00:14:51.000 in supply, it becomes more valuable when there's 00:14:51.000 --> 00:14:54.580 a lot of demand for it. In other news, the National 00:14:54.580 --> 00:14:56.899 Bank of Australia has recently taken measures 00:14:56.899 --> 00:14:59.779 to block payments to high -risk crypto exchanges. 00:15:00.539 --> 00:15:02.659 They've prevented transactions worth more than 00:15:02.659 --> 00:15:06.460 $1 .270 million over the past four months, citing 00:15:06.460 --> 00:15:09.179 the risk of fraud. Unfortunately, they haven't 00:15:09.179 --> 00:15:11.940 disclosed the names of these platforms. On a 00:15:11.940 --> 00:15:15.519 similar note, Westpac, Commonwealth Bank of Australia, 00:15:15.740 --> 00:15:18.759 and ANZ have also taken similar steps to mitigate 00:15:18.759 --> 00:15:21.419 risk in the crypto space. Now let's talk about 00:15:21.419 --> 00:15:24.539 some bullish predictions. Kathy Woods, a well 00:15:24.539 --> 00:15:27.399 -known investor, expects Bitcoin to reach over 00:15:27.399 --> 00:15:31.019 $1 .5 million in her best -case scenario. That's 00:15:31.019 --> 00:15:33.179 quite a high target, isn't it? But she seems 00:15:33.179 --> 00:15:35.980 confident, calling Bitcoin an insurance policy 00:15:35.980 --> 00:15:39.340 against financial crises. According to her, with 00:15:39.340 --> 00:15:41.820 Bitcoin being decentralized and transparent, 00:15:42.179 --> 00:15:45.779 we won't experience another 0 .8. zero nine crisis. 00:15:46.259 --> 00:15:49.139 That's some optimism right there. In the world 00:15:49.139 --> 00:15:51.679 of messaging apps, Telegram has been making waves. 00:15:52.200 --> 00:15:54.659 Its CEO, Pavel Durov, recently shared that he 00:15:54.659 --> 00:15:56.879 personally owns nothing except for Telegram, 00:15:57.100 --> 00:15:59.919 some Bitcoins, and some Toncoin. And guess what? 00:16:00.399 --> 00:16:04.379 This week, Telegram raised a whopping $210 million 00:16:04.379 --> 00:16:07.500 through a bond issue. Pavel himself bought around 00:16:07.500 --> 00:16:09.759 a quarter of it. It's impressive to see them 00:16:09.759 --> 00:16:12.580 gaining over 300 million users in just two and 00:16:12.580 --> 00:16:15.120 a half years, with millions of new users joining 00:16:15.120 --> 00:16:18.519 every day. They now boast over 800 million monthly 00:16:18.519 --> 00:16:21.600 active users. That's mind boggling. On a slightly 00:16:21.600 --> 00:16:23.360 different note, it seems that multi -chain has 00:16:23.360 --> 00:16:26.779 ceased operations. The reason? The CEO's sister 00:16:26.779 --> 00:16:29.000 has been detained in China and she happens to 00:16:29.000 --> 00:16:32.620 hold $220 million of funds. Talk about a complicated 00:16:32.620 --> 00:16:35.000 situation. We'll have to wait and see how this 00:16:35.000 --> 00:16:38.419 unfolds. Now, let's shift our focus to Bitcoin 00:16:38.419 --> 00:16:42.480 trading. The weekend BTC USD volume in native 00:16:42.480 --> 00:16:45.980 units for January through June 2023 hit its lowest 00:16:45.980 --> 00:16:49.000 levels since 2012. It's intriguing to see such 00:16:49.000 --> 00:16:52.000 low levels after almost a decade. Will this trend 00:16:52.000 --> 00:16:55.460 continue or will we see a resurgence? In a positive 00:16:55.460 --> 00:16:58.100 development, Binance has completed the integration 00:16:58.100 --> 00:17:01.360 of the Bitcoin Lightning Network. This will undoubtedly 00:17:01.360 --> 00:17:04.019 enhance the scalability and speed of Bitcoin 00:17:04.019 --> 00:17:06.680 transactions. It's great to witness advancements 00:17:06.680 --> 00:17:09.119 like this in the crypto space. Lastly, let's 00:17:09.119 --> 00:17:11.099 talk about digital asset investment products. 00:17:11.559 --> 00:17:15.819 Last week, they saw a whopping $137 million of 00:17:15.819 --> 00:17:18.440 inflows. And if we look at the past four weeks, 00:17:18.900 --> 00:17:22.099 the total inflows amount to an impressive $742 00:17:22.099 --> 00:17:25.680 million. This is the largest run of inflows since 00:17:25.680 --> 00:17:28.460 the final quarter of 2021. It's clear that there's 00:17:28.460 --> 00:17:30.660 still a lot of interest and investment flowing 00:17:30.660 --> 00:17:34.319 into digital assets. So that wraps up our overview 00:17:34.319 --> 00:17:36.779 of recent events in the crypto world. It's been 00:17:36.779 --> 00:17:38.799 quite a roller coaster ride with ups and downs, 00:17:38.819 --> 00:17:41.599 but that's the nature of this exciting industry. 00:17:42.160 --> 00:17:44.240 Stay tuned for more updates as we navigate through 00:17:44.240 --> 00:17:46.279 the ever changing landscape of cryptocurrencies. 00:17:47.920 --> 00:17:50.000 So I have some interesting news from the world 00:17:50.000 --> 00:17:51.960 of cryptocurrency and blockchain. Let's jump 00:17:51.960 --> 00:17:55.309 right in. First up, we have Athena, a stablecoin 00:17:55.309 --> 00:17:58.109 developer on the Ethereum network. They recently 00:17:58.109 --> 00:18:01.589 raised a whopping $6 million in funding. This 00:18:01.589 --> 00:18:03.950 shows the continued interest and support for 00:18:03.950 --> 00:18:07.230 projects built on the Ethereum blockchain. Speaking 00:18:07.230 --> 00:18:10.210 of funding, CoinFund, a VC firm, managed to secure 00:18:10.210 --> 00:18:14.250 an impressive $158 million to back various crypto 00:18:14.250 --> 00:18:17.069 startups. This goes to show that investors are 00:18:17.069 --> 00:18:19.329 seeing the potential and value in this space. 00:18:20.029 --> 00:18:23.140 In other news, US law enforcement made a significant 00:18:23.140 --> 00:18:26.279 move by seizing tens of millions of dollars from 00:18:26.279 --> 00:18:29.539 accounts tied to Dell Tech. This showcases the 00:18:29.539 --> 00:18:32.059 ongoing efforts to regulate and clamp down on 00:18:32.059 --> 00:18:34.680 illicit activities within the crypto world. Now 00:18:34.680 --> 00:18:38.000 let's talk about Bitcoin. From June 16th to July 00:18:38.000 --> 00:18:42.599 16th, BTC ETPs saw a monthly net inflow of 25 00:18:42.599 --> 00:18:46.859 ,202 BTC. This is the second largest monthly 00:18:46.859 --> 00:18:50.799 net inflow in BTC ETPs, only surpassed by October 00:18:50.799 --> 00:18:54.200 2021. It's worth noting that this period coincided 00:18:54.200 --> 00:18:56.839 with the launch of Bytoe and other futures -based 00:18:56.839 --> 00:19:00.119 ETFs in the US, which likely contributed to the 00:19:00.119 --> 00:19:03.359 increased interest. Moving on to venture capital 00:19:03.359 --> 00:19:06.039 funding, Polychain recently raised a staggering 00:19:06.039 --> 00:19:09.259 $200 million for their fourth crypto VC fund. 00:19:09.640 --> 00:19:12.220 This significant sum is a testament to the growing 00:19:12.220 --> 00:19:14.559 confidence and investment appetite in the crypto 00:19:14.559 --> 00:19:17.640 market. Additionally, Polychain made some internal 00:19:17.640 --> 00:19:20.660 changes, shaking up their staff in the process. 00:19:21.500 --> 00:19:24.400 In regulatory news, Nasdaq had to halt its plans 00:19:24.400 --> 00:19:27.559 for a crypto custody service due to unfavorable 00:19:27.559 --> 00:19:30.500 U .S. regulatory conditions. This highlights 00:19:30.500 --> 00:19:33.240 the challenges and uncertainties faced by traditional 00:19:33.240 --> 00:19:35.940 financial institutions when it comes to entering 00:19:35.940 --> 00:19:39.359 the crypto space. Now, let's shift our attention 00:19:39.359 --> 00:19:42.740 to blockchain technology. Symbol recently launched 00:19:42.740 --> 00:19:45.460 a unique Ethereum blockchain explorer called 00:19:45.460 --> 00:19:48.859 Human Readable. This user -friendly tool aims 00:19:48.859 --> 00:19:51.740 to simplify the process of navigating and understanding 00:19:51.740 --> 00:19:54.559 the Ethereum blockchain. It's exciting to see 00:19:54.559 --> 00:19:57.119 innovations aimed at making blockchain more accessible 00:19:57.119 --> 00:19:59.980 to a wider audience. Now let's zoom out and look 00:19:59.980 --> 00:20:02.509 at the bigger picture. The crypto and blockchain 00:20:02.509 --> 00:20:07.029 sector saw $2 .32 billion invested in Q2 2023, 00:20:07.589 --> 00:20:11.569 marking a new cycle low since Q4 2020. This continuing 00:20:11.569 --> 00:20:14.130 downtrend started after reaching a peak of $13 00:20:14.130 --> 00:20:18.769 billion in Q1 2022. These fluctuations in investment 00:20:18.769 --> 00:20:21.069 highlight the volatility and cyclical nature 00:20:21.069 --> 00:20:24.029 of the crypto market. Interestingly, despite 00:20:24.029 --> 00:20:26.890 the downward trend, crypto and blockchain startups 00:20:26.890 --> 00:20:29.309 raised less money across the last three quarters 00:20:29.309 --> 00:20:32.430 combined than they did in just Q2 of last year. 00:20:32.869 --> 00:20:35.829 This indicates that, despite the overall decline, 00:20:36.210 --> 00:20:38.230 there are still opportunities for innovators 00:20:38.230 --> 00:20:40.910 and entrepreneurs to secure funding. Now let's 00:20:40.910 --> 00:20:43.170 switch gears a bit and talk about Bitcoin's price. 00:20:43.750 --> 00:20:45.849 There's always curiosity about where it's headed, 00:20:46.329 --> 00:20:48.470 especially after significant events like the 00:20:48.470 --> 00:20:51.329 halving. Some speculate and wonder what the price 00:20:51.329 --> 00:20:55.099 of Bitcoin will be after the 2024 halving. It's 00:20:55.099 --> 00:20:57.859 an exciting topic that sparks debate and speculation 00:20:57.859 --> 00:21:01.039 among the crypto community. On the topic of investment 00:21:01.039 --> 00:21:03.599 strategies, there's a prevailing sentiment in 00:21:03.599 --> 00:21:07.619 some circles to sell off so -called SH asterisk 00:21:07.619 --> 00:21:11.440 T coins and exchange them for Bitcoin. This is 00:21:11.440 --> 00:21:13.539 seen as a smart move by those who believe in 00:21:13.539 --> 00:21:15.900 the long -term value and stability of Bitcoin 00:21:15.900 --> 00:21:19.200 compared to other cryptocurrencies. In a surprising 00:21:19.200 --> 00:21:21.460 twist, Peter Schiff's son, who happens to be 00:21:21.460 --> 00:21:24.019 Peter Schiff himself, has been revealed to be 00:21:24.019 --> 00:21:27.940 a fan of esh asterisk T coins as well. This amusing 00:21:27.940 --> 00:21:30.440 turn of events highlights how even within a family, 00:21:30.839 --> 00:21:32.660 there can be differing opinions and interests 00:21:32.660 --> 00:21:35.400 when it comes to cryptocurrencies. Moving on 00:21:35.400 --> 00:21:38.099 to Ethereum, some people have voiced their concerns 00:21:38.099 --> 00:21:40.319 that it is part of the so -called deep state 00:21:40.319 --> 00:21:43.700 and regulatory state. Whether you agree or not, 00:21:44.079 --> 00:21:46.680 it's an interesting perspective that raises questions 00:21:46.680 --> 00:21:49.259 about the relationship between blockchain technology 00:21:49.259 --> 00:21:52.789 and governance. Shifting our focus to international 00:21:52.789 --> 00:21:55.190 matters, it seems that many people are using 00:21:55.190 --> 00:21:57.609 large amounts of Bitcoin to circumvent financial 00:21:57.609 --> 00:22:00.769 sanctions on Russia. This showcases the potential 00:22:00.769 --> 00:22:04.029 of cryptocurrencies as a way to bypass traditional 00:22:04.029 --> 00:22:07.210 systems and restrictions. Now let's briefly touch 00:22:07.210 --> 00:22:09.849 on the EU's efforts to win the race for a Bitcoin 00:22:09.849 --> 00:22:13.059 spot ETF. This initiative reflects the global 00:22:13.059 --> 00:22:15.460 interest in creating a regulated framework for 00:22:15.460 --> 00:22:18.200 cryptocurrencies, allowing investors to access 00:22:18.200 --> 00:22:20.539 this asset class through traditional channels. 00:22:21.519 --> 00:22:24.480 Speaking of Bitcoin, running a full Bitcoin lightning 00:22:24.480 --> 00:22:27.619 wallet can be quite complex and risky. It requires 00:22:27.619 --> 00:22:30.500 knowledge of Linux system administration, dedicated 00:22:30.500 --> 00:22:33.380 hardware, and safeguards against potential threats. 00:22:33.769 --> 00:22:36.410 However, there are ongoing efforts to create 00:22:36.410 --> 00:22:38.890 non -custodial wallets that can own Bitcoin on 00:22:38.890 --> 00:22:41.970 the lightning layer using RGB contracts. This 00:22:41.970 --> 00:22:44.650 could simplify the process and make it more accessible 00:22:44.650 --> 00:22:47.829 to a wider audience. Lastly, it's fascinating 00:22:47.829 --> 00:22:50.049 to see the abundance of Bitcoin artwork that 00:22:50.049 --> 00:22:52.910 exists. The creativity and expression surrounding 00:22:52.910 --> 00:22:55.150 this digital currency are seemingly infinite, 00:22:55.650 --> 00:22:57.890 with artists finding unique ways to capture its 00:22:57.890 --> 00:23:00.410 essence and impact. And that brings us to the 00:23:00.410 --> 00:23:02.450 end of our crypto and blockchain news roundup. 00:23:02.680 --> 00:23:05.440 It's been a whirlwind of information with funding 00:23:05.440 --> 00:23:08.240 announcements, regulatory developments, and even 00:23:08.240 --> 00:23:11.660 some unexpected twists. Stay tuned for more updates 00:23:11.660 --> 00:23:15.819 on this ever -evolving landscape. Nostra's apps, 00:23:15.880 --> 00:23:18.880 deciphering the enigmatic phenomenon, reshaping 00:23:18.880 --> 00:23:21.759 podcasting landscape. Nostra's apps have taken 00:23:21.759 --> 00:23:24.180 the podcasting industry by storm, leaving many 00:23:24.180 --> 00:23:27.440 perplexed yet intrigued. Unlike traditional sponsorships, 00:23:27.759 --> 00:23:30.160 where advertisers pay podcasters to promote their 00:23:30.160 --> 00:23:33.140 products or services, Nostra's apps embrace a 00:23:33.140 --> 00:23:35.720 new approach. Listeners voluntarily contribute 00:23:35.720 --> 00:23:38.079 directly to the podcasters, acknowledging the 00:23:38.079 --> 00:23:40.339 value they receive and supporting their favorite 00:23:40.339 --> 00:23:43.680 shows. This innovative sponsorship model empowers 00:23:43.680 --> 00:23:46.480 podcasters to maintain their creative independence 00:23:46.480 --> 00:23:49.160 while fostering a deeper connection with their 00:23:49.160 --> 00:23:52.819 audience. No longer reliant on the whims of advertisers, 00:23:53.500 --> 00:23:56.039 podcasters are free to deliver authentic content 00:23:56.039 --> 00:23:59.809 and pursue their passions. In turn, listeners 00:23:59.809 --> 00:24:02.130 feel a sense of ownership over the shows they 00:24:02.130 --> 00:24:05.130 support, knowing that their contributions directly 00:24:05.130 --> 00:24:08.170 contribute to the podcast's longevity and growth. 00:24:08.890 --> 00:24:11.410 Unveiling the intricate web of value -for -value 00:24:11.410 --> 00:24:15.410 podcasting, a paradigm shift for listeners. Value 00:24:15.410 --> 00:24:19.269 -for -value V4V. Podcasting is a paradigm shift 00:24:19.269 --> 00:24:22.430 that places the value exchange between podcasters 00:24:22.430 --> 00:24:25.190 and listeners at the forefront. In this model, 00:24:25.400 --> 00:24:27.859 Listeners are encouraged to determine the value 00:24:27.859 --> 00:24:30.440 they receive from a podcast and contribute accordingly. 00:24:31.099 --> 00:24:33.640 This unique arrangement allows for a more equitable 00:24:33.640 --> 00:24:36.099 distribution of resources and rewards content 00:24:36.099 --> 00:24:39.839 creators for their dedication and talent. V4V 00:24:39.839 --> 00:24:42.160 podcasts encourage listeners to contribute not 00:24:42.160 --> 00:24:44.759 only financially, but also through engagement 00:24:44.759 --> 00:24:47.720 and support, fostering a sense of community and 00:24:47.720 --> 00:24:50.359 participation. Whether it be leaving a positive 00:24:50.359 --> 00:24:53.960 review, sharing episodes with friends, or actively 00:24:53.960 --> 00:24:57.059 discussing the content on social media, listeners 00:24:57.059 --> 00:24:59.619 become an integral part of the success of the 00:24:59.619 --> 00:25:02.900 podcast. This reciprocal relationship nurtures 00:25:02.900 --> 00:25:05.920 a loyal and dedicated fan base that drives the 00:25:05.920 --> 00:25:09.019 growth and sustainability of the show, unraveling 00:25:09.019 --> 00:25:11.900 the puzzle of Noster's apps, unlocking the true 00:25:11.900 --> 00:25:15.740 value exchange in podcasting. While Noster's 00:25:15.740 --> 00:25:18.359 apps represent a novel approach to podcast sponsorship, 00:25:19.079 --> 00:25:21.440 understanding the true value exchange is crucial. 00:25:21.799 --> 00:25:24.960 The key lies in recognizing that Nostra's apps 00:25:24.960 --> 00:25:28.119 go beyond monetary contributions. They serve 00:25:28.119 --> 00:25:30.480 as a tangible expression of the appreciation 00:25:30.480 --> 00:25:33.380 and support listeners have for the podcast and 00:25:33.380 --> 00:25:36.299 its host. Nostra's apps are a testament to the 00:25:36.299 --> 00:25:38.400 meaningful impact podcasts have on listeners 00:25:38.400 --> 00:25:40.880 lives. It is an acknowledgement that the content 00:25:40.880 --> 00:25:43.059 and experiences delivered through these shows 00:25:43.059 --> 00:25:45.920 hold significant value and deserve recognition. 00:25:46.440 --> 00:25:49.440 The value exchanged is not solely transactional, 00:25:49.759 --> 00:25:52.220 but rather an emotional connection and appreciation 00:25:52.220 --> 00:25:54.700 for the creators and the community they have 00:25:54.700 --> 00:25:58.240 nurtured. Conclusion. Nostra's apps and value 00:25:58.240 --> 00:26:01.079 for value podcasting have revolutionized the 00:26:01.079 --> 00:26:04.200 traditional sponsorship model, prioritizing the 00:26:04.200 --> 00:26:06.660 direct connection between podcasters and listeners. 00:26:07.380 --> 00:26:09.799 These phenomena have empowered podcasters to 00:26:09.799 --> 00:26:12.819 create content true to their vision and fostered 00:26:12.819 --> 00:26:16.019 a loyal fan base. Simultaneously, listeners are 00:26:16.019 --> 00:26:19.140 given the opportunity to actively engage, support, 00:26:19.619 --> 00:26:21.779 and contribute to the podcasts they cherish. 00:26:22.380 --> 00:26:24.819 As the podcasting landscape continues to evolve, 00:26:25.359 --> 00:26:28.839 Noster's apps and V4V podcasts pave the way for 00:26:28.839 --> 00:26:47.630 a more collaborative and equitable future. Thanks 00:26:47.630 --> 00:26:49.829 for tuning in to today's episode where we covered 00:26:49.829 --> 00:26:52.269 a wide range of topics including the Societe 00:26:52.269 --> 00:26:54.609 Generale's crypto arm getting a DASP license, 00:26:55.089 --> 00:26:58.950 Bitcoin's hashrate increasing by 661%, and Peter 00:26:58.950 --> 00:27:01.630 Schiff's son losing faith in Bitcoin. Among other 00:27:01.630 --> 00:27:04.109 news, join us at the next episode and don't forget 00:27:04.109 --> 00:27:04.829 to subscribe.