WEBVTT 00:00:14.920 --> 00:00:17.379 Welcome to the Bitcoin Street Journal, Bitcoin 00:00:17.379 --> 00:00:20.039 Market Update Podcast, your daily source for 00:00:20.039 --> 00:00:22.739 live updates on the Bitcoin market. Join us as 00:00:22.739 --> 00:00:25.160 we delve into current Bitcoin technical analysis, 00:00:25.640 --> 00:00:29.289 track Bitcoin BTC prices, explore market capitalization 00:00:29.289 --> 00:00:32.689 trends, and analyze market supply. Stay ahead 00:00:32.689 --> 00:00:34.490 of the curve with our comprehensive coverage 00:00:34.490 --> 00:00:37.869 of the ever -evolving world of Bitcoin. In today's 00:00:37.869 --> 00:00:40.170 episode, we'll cover Tether's excess reserves, 00:00:40.770 --> 00:00:44.490 Binance's Dubai license, SBF's detainment, Bayfiend's 00:00:44.490 --> 00:00:46.990 investigation of Bitcoin bank breaker, the slump 00:00:46.990 --> 00:00:49.850 in Bitcoin price and SEC's lawsuit against Richard 00:00:49.850 --> 00:00:52.729 Hart, the $20 billion loss in crypto markets, 00:00:53.170 --> 00:00:55.859 the rejection of Terraform by a judge, the potential 00:00:55.859 --> 00:00:58.659 price action due to Bitcoin squeeze, RFK Jr. 00:00:59.039 --> 00:01:01.899 defending Bitcoin's energy concerns, SEC charging 00:01:01.899 --> 00:01:05.019 Hex founder, Tether reporting profit, and a DeFi 00:01:05.019 --> 00:01:07.739 exploit. Additionally, we'll discuss Solana's 00:01:07.739 --> 00:01:10.379 readiness for gaming, Ron DeSantis' support for 00:01:10.379 --> 00:01:12.760 Bitcoin, the bald token creator running off with 00:01:12.760 --> 00:01:15.780 funds, an AI art showdown, and Yuga Lab's acquisition 00:01:15.780 --> 00:01:18.400 of Roar Studios. Furthermore, we'll cover Eric 00:01:18.400 --> 00:01:21.579 Reid leading Yuga Lab's other side game, an Ethereum 00:01:21.579 --> 00:01:25.189 bot saving $5 .4 million from an exploit. Hasbro 00:01:25.189 --> 00:01:28.170 adding AI to Dungeons & Dragons, the ongoing 00:01:28.170 --> 00:01:31.189 SEC lawsuit against Terraform Labs, concerns 00:01:31.189 --> 00:01:33.329 about Wall Street's interest in Bitcoin and its 00:01:33.329 --> 00:01:36.390 impact on privacy users, the U .S. interest expense 00:01:36.390 --> 00:01:40.510 reaching $1 trillion, Bitcoin settling $110 trillion 00:01:40.510 --> 00:01:43.769 in transactions, Uber's plans to accept Bitcoin, 00:01:44.269 --> 00:01:47.049 and the SEC asking Coinbase to halt trading in 00:01:47.049 --> 00:01:50.010 cryptocurrencies. Additionally, we'll discuss 00:01:50.010 --> 00:01:52.409 the SEC's lawsuit against Hex and PulseChain 00:01:52.409 --> 00:01:54.810 founder. Bitcoin mining in North Dakota with 00:01:54.810 --> 00:01:58.010 methane emissions, FTX founders link to a liquidity 00:01:58.010 --> 00:02:02.269 rug pull, the IRS taxing staking rewards, FTX 00:02:02.269 --> 00:02:05.310 reboot creating an offshore exchange, LeetSwap 00:02:05.310 --> 00:02:07.709 DEX halting trading, the US housing market at 00:02:07.709 --> 00:02:10.550 a historic high, and how Bitcoin solves the housing 00:02:10.550 --> 00:02:13.430 issue. Lastly, we'll explore how Nostra's apps 00:02:13.430 --> 00:02:17.169 and value for value podcasts revolutionize podcasting 00:02:17.169 --> 00:02:19.469 sponsorship by fostering a direct connection 00:02:19.469 --> 00:02:23.259 between podcasters and listeners. Tether, one 00:02:23.259 --> 00:02:25.319 of the most popular stablecoins in the crypto 00:02:25.319 --> 00:02:28.199 market, has made headlines with its latest report. 00:02:29.199 --> 00:02:32.419 According to the Q2 2023 report, Tether holds 00:02:32.419 --> 00:02:35.819 a staggering $3 .3 billion in excess reserves. 00:02:36.439 --> 00:02:38.759 This is great news for Tether users as it shows 00:02:38.759 --> 00:02:41.199 a high level of transparency and stability in 00:02:41.199 --> 00:02:45.360 the cryptocurrency. Moving on, Binance, one of 00:02:45.360 --> 00:02:48.000 the leading cryptocurrency exchanges, has become 00:02:48.000 --> 00:02:50.580 the world's first exchange to be granted Dubai's 00:02:50.580 --> 00:02:53.840 operational license. This is a significant achievement 00:02:53.840 --> 00:02:56.139 for Binance and highlights its commitment to 00:02:56.139 --> 00:02:59.199 expanding its reach globally. With this license, 00:02:59.699 --> 00:03:01.719 Binance will be able to offer its services to 00:03:01.719 --> 00:03:04.819 investors in Dubai and further solidify its position 00:03:04.819 --> 00:03:07.960 as a trusted exchange. In another news, the Department 00:03:07.960 --> 00:03:11.360 of Justice, DOJ, has expressed its desire to 00:03:11.360 --> 00:03:14.719 detain SBF, the founder of FTX Exchange, and 00:03:14.719 --> 00:03:17.699 revoke his bail. The DOJ believes that SBF has 00:03:17.699 --> 00:03:20.060 been involved in witness tampering efforts, which 00:03:20.060 --> 00:03:23.259 is a serious offense. This development has sent 00:03:23.259 --> 00:03:25.939 shockwaves throughout the crypto community and 00:03:25.939 --> 00:03:29.240 raises questions about the future of FTX exchange. 00:03:30.120 --> 00:03:32.500 Moving on to Germany, the country's financial 00:03:32.500 --> 00:03:35.219 regulator, BaFin, has launched an investigation 00:03:35.219 --> 00:03:38.620 into the operators of Bitcoin Bank Breaker. BaFin 00:03:38.620 --> 00:03:41.259 is looking into potential violations of regulatory 00:03:41.259 --> 00:03:43.719 norms and is determined to ensure the integrity 00:03:43.719 --> 00:03:46.460 of the financial markets. This investigation 00:03:46.460 --> 00:03:49.500 highlights the regulatory scrutiny faced by cryptocurrency 00:03:49.500 --> 00:03:52.120 -related businesses and the need for compliance 00:03:52.120 --> 00:03:55.400 with established rules and regulations. Bitcoin, 00:03:55.860 --> 00:03:58.060 the world's largest cryptocurrency, has been 00:03:58.060 --> 00:04:00.919 facing a slumping price in recent weeks. It has 00:04:00.919 --> 00:04:04.219 hit a six -week low, leading to nearly $100 million 00:04:04.219 --> 00:04:07.750 in liquidations. This downturn has caused concerns 00:04:07.750 --> 00:04:10.370 among investors and has led to a decline in the 00:04:10.370 --> 00:04:12.810 overall crypto market, with losses of around 00:04:12.810 --> 00:04:16.189 $20 billion per day. The market sentiment has 00:04:16.189 --> 00:04:18.769 clearly turned bearish and it remains to be seen 00:04:18.769 --> 00:04:21.449 how Bitcoin will recover from this slump. In 00:04:21.449 --> 00:04:23.970 a related development, the Securities and Exchange 00:04:23.970 --> 00:04:26.870 Commission, SEC, has filed a lawsuit against 00:04:26.870 --> 00:04:29.610 Richard Hart, accusing him of selling unregistered 00:04:29.610 --> 00:04:32.350 securities and committing fraud. Richard Hart, 00:04:32.550 --> 00:04:34.759 a well -known figure in the crypto world, now 00:04:34.759 --> 00:04:36.920 faces legal troubles that could have significant 00:04:36.920 --> 00:04:39.560 consequences for his reputation and the future 00:04:39.560 --> 00:04:42.480 of his projects. This case serves as a reminder 00:04:42.480 --> 00:04:45.040 of the importance of adhering to securities regulations 00:04:45.040 --> 00:04:47.779 and conducting business in a transparent manner. 00:04:48.459 --> 00:04:50.560 While Bitcoin has been facing bearish pressures, 00:04:51.019 --> 00:04:52.939 there are still discussions about its potential 00:04:52.939 --> 00:04:56.959 to hit $40 ,000 this month. Many factors could 00:04:56.959 --> 00:04:59.019 influence Bitcoin's price in the coming days, 00:04:59.040 --> 00:05:01.500 and it will be interesting to see if it can make 00:05:01.500 --> 00:05:04.379 a significant recovery. The cryptocurrency market 00:05:04.379 --> 00:05:07.319 is known for its volatility and anything can 00:05:07.319 --> 00:05:09.680 happen in the blink of an eye. On a different 00:05:09.680 --> 00:05:11.959 note, there are voices calling for Trump to change 00:05:11.959 --> 00:05:14.839 his position on Bitcoin. One prominent figure, 00:05:15.240 --> 00:05:18.120 Robert F. Kennedy Jr., has expressed his views 00:05:18.120 --> 00:05:20.879 on Bitcoin's energy concerns. He believes that 00:05:20.879 --> 00:05:22.920 these concerns should not be used as a smokescreen 00:05:22.920 --> 00:05:25.980 to limit people's freedom to transact. This perspective 00:05:25.980 --> 00:05:28.319 highlights the ongoing debate surrounding the 00:05:28.319 --> 00:05:30.860 environmental impact of cryptocurrencies and 00:05:30.860 --> 00:05:33.060 the need to find a balance between innovation 00:05:33.060 --> 00:05:36.480 and sustainability. In another significant development, 00:05:36.980 --> 00:05:39.699 the SEC has charged Richard Hart, the founder 00:05:39.699 --> 00:05:43.100 of Hex, with a $1 billion unregistered securities 00:05:43.100 --> 00:05:46.319 offering. This is a substantial accusation that 00:05:46.319 --> 00:05:48.360 could have far -reaching consequences for both 00:05:48.360 --> 00:05:51.800 Hex and Richard Hart. It serves as a reminder 00:05:51.800 --> 00:05:54.800 that regulatory authorities are actively monitoring 00:05:54.800 --> 00:05:57.339 the crypto space. and will take action against 00:05:57.339 --> 00:06:00.600 those who fail to comply with the necessary regulations. 00:06:02.000 --> 00:06:06.279 Lastly, Tether has reported an $850 million Q2 00:06:06.279 --> 00:06:09.060 profit and has revealed its exposure to U .S. 00:06:09.220 --> 00:06:11.819 Treasuries, which amounts to a staggering $72 00:06:11.819 --> 00:06:15.860 billion. This indicates the immense scale of 00:06:15.860 --> 00:06:18.000 Tether's operations and its efforts to maintain 00:06:18.000 --> 00:06:21.100 stability and transparency. With such a substantial 00:06:21.100 --> 00:06:23.769 backing, Tether continues to be one of the most 00:06:23.769 --> 00:06:26.189 widely used stable coins in the crypto market. 00:06:26.910 --> 00:06:29.670 In conclusion, the crypto market is constantly 00:06:29.670 --> 00:06:32.550 evolving, and the news headlines reflect the 00:06:32.550 --> 00:06:35.810 dynamic nature of this industry. From regulatory 00:06:35.810 --> 00:06:38.730 investigations to price slumps and legal challenges, 00:06:39.529 --> 00:06:41.730 the world of cryptocurrencies is full of twists 00:06:41.730 --> 00:06:44.560 and turns. It is essential for investors and 00:06:44.560 --> 00:06:47.279 industry participants to stay informed and adapt 00:06:47.279 --> 00:06:49.800 to the changing landscape to navigate this exciting 00:06:49.800 --> 00:06:59.420 but challenging market successfully. Hey there, 00:06:59.720 --> 00:07:01.939 today we have some interesting topics to discuss 00:07:01.939 --> 00:07:05.120 from gaming on the blockchain to political promises 00:07:05.120 --> 00:07:07.899 and even some AI art showdown. So let's dive 00:07:07.899 --> 00:07:10.819 right in. First up, we have Johnny Lee, the general 00:07:10.819 --> 00:07:13.399 manager of the Solana Foundation. talking about 00:07:13.399 --> 00:07:16.120 how Solana is ready to tackle the scaling problem 00:07:16.120 --> 00:07:19.319 that blockchain games face in the industry. According 00:07:19.319 --> 00:07:21.939 to Johnny, Solana's network really shines when 00:07:21.939 --> 00:07:24.839 it comes to gaming. He explains that the network's 00:07:24.839 --> 00:07:27.720 architecture allows them to achieve high transaction 00:07:27.720 --> 00:07:31.339 throughput, low latency, and overall superior 00:07:31.339 --> 00:07:34.500 performance. So if you're a gamer, Solana might 00:07:34.500 --> 00:07:37.279 just be the network for you. Moving on, we have 00:07:37.279 --> 00:07:40.800 the Florida governor, Ron DeSantis. making some 00:07:40.800 --> 00:07:43.660 bold promises in relation to Bitcoin. He vows 00:07:43.660 --> 00:07:45.839 to end what he calls Biden's war on Bitcoin, 00:07:46.300 --> 00:07:48.360 and even goes as far as saying he'll toss central 00:07:48.360 --> 00:07:51.439 bank digital currency, CBDC, into the trash can. 00:07:52.100 --> 00:07:54.300 It seems that DeSantis is amongst a group of 00:07:54.300 --> 00:07:56.420 presidential candidates who are expressing their 00:07:56.420 --> 00:07:59.139 support for Bitcoin, which is a significant move 00:07:59.139 --> 00:08:01.680 considering the growing popularity of cryptocurrencies. 00:08:03.199 --> 00:08:06.019 Next, let's talk about the mysterious case of 00:08:06.019 --> 00:08:09.579 the bald token. It recently gained immense popularity, 00:08:09.779 --> 00:08:11.819 but unfortunately turned out to be a rug pull 00:08:11.819 --> 00:08:14.600 as its deployers disappeared with millions of 00:08:14.600 --> 00:08:17.579 dollars in liquidity. This is a stark reminder 00:08:17.579 --> 00:08:20.040 of the risks associated with investing in new 00:08:20.040 --> 00:08:22.920 tokens or projects. So always be cautious and 00:08:22.920 --> 00:08:25.060 do your due diligence before jumping into any 00:08:25.060 --> 00:08:27.720 new crypto opportunities. Now let's shift our 00:08:27.720 --> 00:08:30.540 attention to the world of AI and art. We have 00:08:30.540 --> 00:08:32.919 a clash of titans happening among some top AI 00:08:32.919 --> 00:08:35.379 tools in a generative image creation arms race. 00:08:35.850 --> 00:08:38.210 The contenders in this AI art showdown are Mid 00:08:38.210 --> 00:08:42.389 Journey Stable Diffusion V15 and SDXL. These 00:08:42.389 --> 00:08:44.570 tools are pushing the boundaries of what AI can 00:08:44.570 --> 00:08:47.450 create, producing stunning and unique artworks. 00:08:47.649 --> 00:08:50.350 It's fascinating to see how AI technology continues 00:08:50.350 --> 00:08:52.549 to evolve and redefine the creative landscape. 00:08:53.730 --> 00:08:56.250 In other news, Margot Robbie, the actress known 00:08:56.250 --> 00:08:58.610 for her role in Barbie, shared her thoughts on 00:08:58.610 --> 00:09:01.690 Bitcoin in a recent interview. She jokingly referred 00:09:01.690 --> 00:09:04.149 to Bitcoin as something only Ken's would be interested 00:09:04.149 --> 00:09:07.320 in. taking a jab at the stereotype that cryptocurrency 00:09:07.320 --> 00:09:10.679 discussions are dominated by men. Interestingly, 00:09:11.279 --> 00:09:14.080 while Margo is poking fun at Bitcoin, the company 00:09:14.080 --> 00:09:17.059 behind Barbie Mattel is exploring the world of 00:09:17.059 --> 00:09:20.440 NFTs, non -fungible tokens. It's a testament 00:09:20.440 --> 00:09:22.940 to how various industries are exploring the potential 00:09:22.940 --> 00:09:25.340 of blockchain technology and the opportunities 00:09:25.340 --> 00:09:28.750 it offers. Lastly, we have Yuga Labs making moves 00:09:28.750 --> 00:09:31.389 in the AI sector. They are set to acquire Roar 00:09:31.389 --> 00:09:33.690 Studios to further enhance their expertise in 00:09:33.690 --> 00:09:36.570 artificial intelligence. This acquisition aims 00:09:36.570 --> 00:09:39.110 to strengthen Yuga Labs capabilities in developing 00:09:39.110 --> 00:09:42.350 AI -powered solutions. It's always exciting to 00:09:42.350 --> 00:09:44.850 see companies investing in AI and pushing the 00:09:44.850 --> 00:09:46.710 boundaries of what is possible in this space. 00:09:47.149 --> 00:09:49.750 That's all we have for today's episode. We covered 00:09:49.750 --> 00:09:52.970 Solana's gaming capabilities, Ron DeSantis' promises 00:09:52.970 --> 00:09:55.450 on Bitcoin, the unfortunate case of the bald 00:09:55.450 --> 00:09:58.789 token, the AI art showdown, Margot Robbie's take 00:09:58.789 --> 00:10:01.409 on Bitcoin, and Yuga Lab's acquisition plans. 00:10:01.990 --> 00:10:04.769 As always, stay tuned for more engaging discussions 00:10:04.769 --> 00:10:07.169 on the latest happenings in the world of technology 00:10:07.169 --> 00:10:10.990 and beyond. Hey, everyone. We've got some interesting 00:10:10.990 --> 00:10:13.809 news in the tech and cryptocurrency world. Eric 00:10:13.809 --> 00:10:16.909 Reid, the founder and CEO of Roar Studios, is 00:10:16.909 --> 00:10:19.429 set to lead Yuga Lab's highly anticipated other 00:10:19.429 --> 00:10:22.220 side game. This collaboration is generating a 00:10:22.220 --> 00:10:24.539 lot of buzz and we're excited to see what they 00:10:24.539 --> 00:10:26.419 have in store for us. In another development, 00:10:26.980 --> 00:10:30.279 an Ethereum bot using the Uniswap platform managed 00:10:30.279 --> 00:10:34.399 to save a staggering $5 .4 million from a potential 00:10:34.399 --> 00:10:37.539 exploit on Curve Finance. This white hat operator 00:10:37.539 --> 00:10:40.159 took swift action and returned the funds, preventing 00:10:40.159 --> 00:10:42.600 them from falling into the wrong hands. It's 00:10:42.600 --> 00:10:44.580 great to see the crypto community working together 00:10:44.580 --> 00:10:47.259 to protect users and maintain the integrity of 00:10:47.259 --> 00:10:50.559 these platforms. Moving on. Hasbro, the renowned 00:10:50.559 --> 00:10:52.980 game company, is diving into the world of artificial 00:10:52.980 --> 00:10:56.600 intelligence, AI, with their Dungeons & Dragons 00:10:56.600 --> 00:10:59.440 franchise. They've partnered with Xplored to 00:10:59.440 --> 00:11:02.720 bring AI technology into gameplay, enabling real 00:11:02.720 --> 00:11:05.740 -time responses to player decisions. It's exciting 00:11:05.740 --> 00:11:08.419 to see how AI is being integrated into traditional 00:11:08.419 --> 00:11:11.360 board games, adding a new level of interactivity 00:11:11.360 --> 00:11:14.320 and immersion. In recent legal news, a judge 00:11:14.320 --> 00:11:16.679 has refused to dismiss the Securities and Exchange 00:11:16.679 --> 00:11:19.980 Commission's SEC lawsuit against Terraform Labs, 00:11:20.360 --> 00:11:23.080 despite the recent ripple ruling. The ruling 00:11:23.080 --> 00:11:25.440 deemed that cryptocurrencies do not meet the 00:11:25.440 --> 00:11:27.779 significance required for a detailed review of 00:11:27.779 --> 00:11:30.720 regulations by Congress. This decision highlights 00:11:30.720 --> 00:11:34.220 the ongoing legal complexities surrounding digital 00:11:34.220 --> 00:11:37.120 currencies and their place within existing regulatory 00:11:37.120 --> 00:11:39.620 frameworks. We also have an interesting story 00:11:39.620 --> 00:11:42.200 about the potential impact of Wall Street's growing 00:11:42.200 --> 00:11:45.299 interest in Bitcoin. As major banks and financial 00:11:45.299 --> 00:11:48.500 institutions show increasing enthusiasm for cryptocurrencies, 00:11:49.379 --> 00:11:51.659 privacy -centric users are becoming more cautious. 00:11:52.159 --> 00:11:54.960 Some cypherpunks who value privacy and anonymity 00:11:54.960 --> 00:11:57.440 are concerned that the influx of institutional 00:11:57.440 --> 00:12:00.460 adoption may erode the core principles that initially 00:12:00.460 --> 00:12:03.120 attracted them to Bitcoin and other crypto assets. 00:12:03.629 --> 00:12:06.330 It's an ongoing debate within the community as 00:12:06.330 --> 00:12:08.450 to how these differing perspectives can coexist 00:12:08.450 --> 00:12:11.870 moving forward. Shifting gears, let's talk about 00:12:11.870 --> 00:12:15.509 the financial landscape. Annualized U .S. interest 00:12:15.509 --> 00:12:18.730 expense has reached unprecedented levels, approaching 00:12:18.730 --> 00:12:21.710 a staggering $1 trillion for the first time in 00:12:21.710 --> 00:12:24.370 history. These record breaking figures raise 00:12:24.370 --> 00:12:26.669 questions about the sustainability of such high 00:12:26.669 --> 00:12:29.509 levels of debt and their long term impact on 00:12:29.509 --> 00:12:32.330 the economy. Now, let's switch back to the crypto 00:12:32.330 --> 00:12:35.299 world. The Bitcoin network recently achieved 00:12:35.299 --> 00:12:38.399 a remarkable milestone by settling over $110 00:12:38.399 --> 00:12:42.200 trillion in transaction volume. This underscores 00:12:42.200 --> 00:12:44.539 the growing importance and widespread adoption 00:12:44.539 --> 00:12:47.039 of cryptocurrency as a legitimate form of payment 00:12:47.039 --> 00:12:50.700 and store of value. On this day, 13 years ago, 00:12:51.279 --> 00:12:53.679 the elusive figure known as Satoshi Nakamoto 00:12:53.679 --> 00:12:56.679 made a lasting impact on the cryptocurrency world. 00:12:57.740 --> 00:13:00.100 Satoshi's initial message signifying the creation 00:13:00.100 --> 00:13:03.059 of Bitcoin has become an iconic moment in the 00:13:03.059 --> 00:13:05.940 history of digital currency, forever immortalized 00:13:05.940 --> 00:13:08.779 in the annals of Bitcoin lore. In an exciting 00:13:08.779 --> 00:13:11.559 development for crypto enthusiasts, the CEO of 00:13:11.559 --> 00:13:13.980 Uber has hinted at the future acceptance of Bitcoin 00:13:13.980 --> 00:13:16.320 as a payment method on the ride -sharing platform. 00:13:17.179 --> 00:13:19.500 Dara Kozroshahi stated that as cryptocurrencies 00:13:19.500 --> 00:13:21.860 become more cost -effective and environmentally 00:13:21.860 --> 00:13:24.960 friendly, Uber will likely embrace their usage. 00:13:25.289 --> 00:13:28.070 This showcases the growing recognition of digital 00:13:28.070 --> 00:13:30.629 currencies by mainstream companies and their 00:13:30.629 --> 00:13:33.070 potential to revolutionize various industries. 00:13:33.870 --> 00:13:35.590 Finally, we have some breaking news from the 00:13:35.590 --> 00:13:38.350 SEC. It has been reported that the regulatory 00:13:38.350 --> 00:13:41.730 body has asked Coinbase, one of the leading cryptocurrency 00:13:41.730 --> 00:13:44.730 exchanges, to halt trading in all cryptocurrencies 00:13:44.730 --> 00:13:48.230 except Bitcoin. This decision sheds light on 00:13:48.230 --> 00:13:50.929 the SEC's heightened scrutiny of the crypto market 00:13:51.360 --> 00:13:53.580 and its attempt to establish clearer guidelines 00:13:53.580 --> 00:13:56.519 and protections for investors. That wraps up 00:13:56.519 --> 00:13:58.860 our roundup of recent tech and cryptocurrency 00:13:58.860 --> 00:14:01.980 news. It's never a dull moment in these rapidly 00:14:01.980 --> 00:14:04.159 evolving industries and we can't wait to see 00:14:04.159 --> 00:14:07.080 what the future holds. Stay tuned for more updates 00:14:07.080 --> 00:14:21.379 and exciting developments on the horizon. the 00:14:21.379 --> 00:14:24.360 founder of Hex and Pulsechain, is being sued 00:14:24.360 --> 00:14:27.539 by the SEC for securities fraud. Quite a shocker, 00:14:27.620 --> 00:14:30.000 right? Now let's move on to something more positive. 00:14:30.580 --> 00:14:32.620 Have you heard about a remote Bitcoin miner in 00:14:32.620 --> 00:14:35.539 North Dakota? This miner runs on methane emissions 00:14:35.539 --> 00:14:38.259 and actually recycles them into energy. How cool 00:14:38.259 --> 00:14:40.840 is that? Not only does it transform pollution, 00:14:40.940 --> 00:14:43.480 but it also produces Bitcoin while reducing harmful 00:14:43.480 --> 00:14:46.940 emissions. Talk about a win -win situation. Speaking 00:14:46.940 --> 00:14:48.899 of Bitcoin, did you know that it can actually 00:14:48.899 --> 00:14:51.509 help the environment? That's right. Bitcoin's 00:14:51.509 --> 00:14:53.649 blockchain technology can be a game changer when 00:14:53.649 --> 00:14:56.669 it comes to sustainability. It enables the recycling 00:14:56.669 --> 00:14:59.970 of emissions, turning them into energy that powers 00:14:59.970 --> 00:15:03.710 transactions while reducing pollution. So next 00:15:03.710 --> 00:15:05.789 time someone asks you about the environmental 00:15:05.789 --> 00:15:08.710 impact of Bitcoin, you can confidently say that 00:15:08.710 --> 00:15:11.250 it's actually working toward a greener future. 00:15:11.730 --> 00:15:13.629 But let's switch gears for a moment and talk 00:15:13.629 --> 00:15:15.889 about something that's been causing quite a stir 00:15:15.889 --> 00:15:19.059 in the crypto community. Some sharp -eyed blockchain 00:15:19.059 --> 00:15:22.379 sleuths have linked a liquidity rug pull to none 00:15:22.379 --> 00:15:25.379 other than Sam Bankman Fried, the disgraced founder 00:15:25.379 --> 00:15:28.580 of FTX. Rumor has it that he removed liquidity 00:15:28.580 --> 00:15:31.220 from the bald meme coin and then added some of 00:15:31.220 --> 00:15:33.340 it back. Quite a bold move, don't you think? 00:15:33.820 --> 00:15:35.899 Now let's dive into the blockchain trilemma. 00:15:36.320 --> 00:15:38.960 Have you heard of it? According to the chief 00:15:38.960 --> 00:15:41.799 strategy officer of off -chain labs, the industry 00:15:41.799 --> 00:15:44.340 still has a long way to go in solving this complex 00:15:44.340 --> 00:15:47.279 challenge. The trilemma refers to the difficulty 00:15:47.279 --> 00:15:51.120 of achieving scalability, security, and decentralization 00:15:51.120 --> 00:15:53.799 all at the same time. It's a puzzle that needs 00:15:53.799 --> 00:15:56.340 a breakthrough solution to inspire more developers 00:15:56.340 --> 00:15:59.440 to join the blockchain revolution. If we can 00:15:59.440 --> 00:16:01.899 crack the trilemma, it would be a massive leap 00:16:01.899 --> 00:16:05.039 forward for the entire industry. In other news, 00:16:05.399 --> 00:16:07.600 the IRS has made it crystal clear that staking 00:16:07.600 --> 00:16:11.480 rewards are considered taxable income. So, all 00:16:11.480 --> 00:16:13.700 you crypto investors out there who earn staking 00:16:13.700 --> 00:16:16.159 rewards It's time to get your financial records 00:16:16.159 --> 00:16:19.059 in order and report those earnings as part of 00:16:19.059 --> 00:16:22.000 your gross income for tax purposes. It's always 00:16:22.000 --> 00:16:23.860 better to stay on the right side of the law, 00:16:24.399 --> 00:16:27.519 right? Now let's talk about FTX. They're making 00:16:27.519 --> 00:16:30.419 some big moves. The company is rolling out a 00:16:30.419 --> 00:16:32.940 reboot that includes a new offshore exchange. 00:16:33.419 --> 00:16:35.700 And guess what? This will give claimants the 00:16:35.700 --> 00:16:38.159 opportunity to not only hold equity securities, 00:16:38.220 --> 00:16:42.179 but also tokens and other interests. FTX is certainly 00:16:42.179 --> 00:16:45.600 aiming to cater to the needs and desires of a 00:16:45.600 --> 00:16:48.500 wide range of users. In the world of decentralized 00:16:48.500 --> 00:16:51.259 exchanges, Leetswap had to hit the pause button. 00:16:51.919 --> 00:16:53.799 They recently discovered a potential exploit 00:16:53.799 --> 00:16:56.220 in their trading pools, so the team decided to 00:16:56.220 --> 00:16:58.379 take swift action and pause trading on their 00:16:58.379 --> 00:17:01.220 base. It's always better to be safe than sorry, 00:17:01.360 --> 00:17:03.460 right? All right, let's change gears and step 00:17:03.460 --> 00:17:06.440 into the realm of Bitcoin enthusiasts. If you're 00:17:06.440 --> 00:17:08.740 a fellow Bitcoin nerd, you'll probably be thrilled 00:17:08.740 --> 00:17:11.500 to know that talking about Bitcoin can actually 00:17:11.500 --> 00:17:14.660 give you Ken energy. Yes, that's right. And here's 00:17:14.660 --> 00:17:17.519 a fun fact for you. The talented actress Margot 00:17:17.519 --> 00:17:20.500 Robbie is married to a Bitcoiner. It's always 00:17:20.500 --> 00:17:22.680 cool to see public figures embracing the world 00:17:22.680 --> 00:17:25.799 of cryptocurrencies. Remember when Michael Saylor, 00:17:26.220 --> 00:17:29.380 CEO of MicroStrategy, called Bitcoin hope? Well, 00:17:29.440 --> 00:17:31.880 it turns out he's not the only one. A bullish 00:17:31.880 --> 00:17:34.400 report published by TD Cowan echoed sailors' 00:17:34.480 --> 00:17:37.420 sentiments, describing Bitcoin as a superior 00:17:37.420 --> 00:17:40.200 store of value. It's clear that more and more 00:17:40.200 --> 00:17:42.460 analysts and industry experts are recognizing 00:17:42.460 --> 00:17:45.019 the potential of Bitcoin as a valuable asset. 00:17:45.539 --> 00:17:48.380 Now let's talk about the US housing market. Brace 00:17:48.380 --> 00:17:51.519 yourself for this mind -boggling fact. The median 00:17:51.519 --> 00:17:54.500 sales price of houses in the US is now almost 00:17:54.500 --> 00:17:57.480 seven times the median household income. Can 00:17:57.480 --> 00:18:00.240 you believe it? This makes the current US housing 00:18:00.240 --> 00:18:03.589 market the most expensive in history. But here's 00:18:03.589 --> 00:18:05.670 an interesting twist. Bitcoin might actually 00:18:05.670 --> 00:18:08.029 alleviate some of that buying pressure on houses. 00:18:08.750 --> 00:18:11.829 As the hardest asset ever to exist, Bitcoin presents 00:18:11.829 --> 00:18:14.609 a unique opportunity for investors, which could 00:18:14.609 --> 00:18:17.009 potentially redirect their focus away from housing 00:18:17.009 --> 00:18:19.809 investments, ultimately helping to curb housing 00:18:19.809 --> 00:18:22.609 price increases. It's an interesting perspective, 00:18:22.710 --> 00:18:25.859 don't you think? So there you have it. We covered 00:18:25.859 --> 00:18:28.180 a lot of ground today from legal battles and 00:18:28.180 --> 00:18:31.019 environmental benefits to crypto twists and housing 00:18:31.019 --> 00:18:34.180 market insights. It's always fascinating to explore 00:18:34.180 --> 00:18:36.619 the ever evolving world of cryptocurrencies and 00:18:36.619 --> 00:18:39.480 blockchain technology. Stay tuned for more exciting 00:18:39.480 --> 00:18:43.380 updates in the future. In the world of podcasting, 00:18:43.680 --> 00:18:46.220 there's a fascinating and mysterious phenomenon 00:18:46.220 --> 00:18:49.500 that's reshaping the audio medium. It's called 00:18:49.500 --> 00:18:52.019 Nostr's apps and it's gaining popularity among 00:18:52.019 --> 00:18:55.339 podcasters and listeners alike. Unlike traditional 00:18:55.339 --> 00:18:57.859 sponsorships where advertisers pay podcasters 00:18:57.859 --> 00:19:00.759 to promote their products or services, Noster's 00:19:00.759 --> 00:19:03.880 apps take a different approach. Listeners voluntarily 00:19:03.880 --> 00:19:06.559 contribute directly to podcasters, acknowledging 00:19:06.559 --> 00:19:08.880 the value they receive and supporting their favorite 00:19:08.880 --> 00:19:12.259 shows. This innovative sponsorship model empowers 00:19:12.259 --> 00:19:14.819 podcasters to maintain their creative independence 00:19:14.819 --> 00:19:17.259 while fostering a deeper connection with their 00:19:17.259 --> 00:19:21.759 audience. No longer reliant on advertisers, podcasters 00:19:21.759 --> 00:19:24.119 can deliver authentic content and pursue their 00:19:24.119 --> 00:19:27.200 passions. And listeners feel a sense of ownership 00:19:27.200 --> 00:19:29.740 over the shows they support, knowing that their 00:19:29.740 --> 00:19:32.220 contributions directly contribute to the longevity 00:19:32.220 --> 00:19:36.299 and growth of those podcasts. Noster's apps represent 00:19:36.299 --> 00:19:39.299 a paradigm shift in podcasting. It's a new approach 00:19:39.299 --> 00:19:42.220 that embraces the value exchange between podcasters 00:19:42.220 --> 00:19:45.539 and listeners. In this model, listeners are encouraged 00:19:45.539 --> 00:19:48.119 to determine the value they receive from a podcast, 00:19:48.269 --> 00:19:50.930 and contribute accordingly. It's not just about 00:19:50.930 --> 00:19:53.589 financial contributions. It's about engagement 00:19:53.589 --> 00:19:56.990 and support. By leaving positive reviews, sharing 00:19:56.990 --> 00:19:59.230 episodes with friends, and actively discussing 00:19:59.230 --> 00:20:01.970 the content on social media, listeners become 00:20:01.970 --> 00:20:04.349 an integral part of the success of the podcast. 00:20:04.970 --> 00:20:07.289 This creates a sense of community and participation 00:20:07.289 --> 00:20:10.089 that nurtures a loyal and dedicated fan base. 00:20:10.549 --> 00:20:13.210 But what is the true value exchange in podcasting? 00:20:13.569 --> 00:20:16.880 It goes beyond monetary contributions. Nostra's 00:20:16.880 --> 00:20:18.839 apps are a tangible expression of listeners' 00:20:19.119 --> 00:20:21.359 appreciation and support for a podcast and its 00:20:21.359 --> 00:20:24.160 host. It's a testament to the meaningful impact 00:20:24.160 --> 00:20:27.259 podcasts have on people's lives. The content 00:20:27.259 --> 00:20:29.460 and experiences delivered through these shows 00:20:29.460 --> 00:20:32.319 hold significant value and deserve recognition. 00:20:32.940 --> 00:20:35.160 The value exchanged is not just transactional, 00:20:35.579 --> 00:20:37.700 it's an emotional connection and appreciation 00:20:37.700 --> 00:20:39.859 for the creators and the community they have 00:20:39.859 --> 00:20:42.740 nurtured. Nostra's apps and value for value. 00:20:43.140 --> 00:20:46.670 V for V. Podcasting have revolutionized the traditional 00:20:46.670 --> 00:20:49.349 sponsorship model. They prioritize the direct 00:20:49.349 --> 00:20:51.490 connection between podcasters and listeners, 00:20:51.950 --> 00:20:54.269 enabling podcasters to create content true to 00:20:54.269 --> 00:20:57.410 their vision and fostering a loyal fan base. 00:20:58.029 --> 00:21:00.109 Simultaneously, listeners are given the opportunity 00:21:00.109 --> 00:21:03.470 to actively engage, support, and contribute to 00:21:03.470 --> 00:21:06.529 the podcasts they cherish. This mutual relationship 00:21:06.529 --> 00:21:08.809 drives the growth and sustainability of the show. 00:21:09.210 --> 00:21:12.269 As the podcasting landscape continues to evolve, 00:21:12.829 --> 00:21:15.990 Nostr's apps and V4V podcasts pave the way for 00:21:15.990 --> 00:21:18.890 a more collaborative and equitable future. They 00:21:18.890 --> 00:21:21.769 empower podcasters to thrive creatively, while 00:21:21.769 --> 00:21:24.529 listeners become active participants in the success 00:21:24.529 --> 00:21:27.450 of the shows they love. It's a win -win situation 00:21:27.450 --> 00:21:29.930 that fosters a vibrant podcasting community. 00:21:30.329 --> 00:21:33.430 So if you're a fan of podcasts and want to support 00:21:33.430 --> 00:21:36.390 your favorite shows, consider embracing the value 00:21:36.390 --> 00:21:39.200 exchange concept. Whether it's through financial 00:21:39.200 --> 00:21:41.799 contributions, engagement, or simply spreading 00:21:41.799 --> 00:21:44.720 the word about a podcast, your support matters. 00:21:45.400 --> 00:21:47.480 Together, we can create a podcasting landscape 00:21:47.480 --> 00:21:49.779 where creativity flourishes and the voices of 00:21:49.779 --> 00:21:52.480 content creators are heard. Thank you for listening 00:21:52.480 --> 00:21:54.900 and for your support. Remember to check us out 00:21:54.900 --> 00:21:57.799 on Fountain, Nostra .Build, Spotify, Amazon Music, 00:21:58.259 --> 00:22:02.119 RSS .com, Kama Pandora, Samsung Podcasts, Apple 00:22:02.119 --> 00:22:05.630 iTunes, iHeartRadio, and many more. Add a like, 00:22:05.789 --> 00:22:07.970 share, or subscribe to the Bitcoin Street Journal. 00:22:08.390 --> 00:22:30.049 Your support is greatly appreciated. On today's 00:22:30.049 --> 00:22:32.309 episode, we covered a range of topics, including 00:22:32.309 --> 00:22:34.630 Tether's excess reserves and Binance's Dubai 00:22:34.630 --> 00:22:37.569 license, as well as the latest news on Solana 00:22:37.569 --> 00:22:40.849 and Ron DeSantis' support for Bitcoin. Additionally, 00:22:41.029 --> 00:22:43.509 we discussed the SEC's lawsuits and the impact 00:22:43.509 --> 00:22:45.789 on the crypto markets. Thanks for listening to 00:22:45.789 --> 00:22:47.470 today's episode. I'll see you guys at the next 00:22:47.470 --> 00:22:49.390 one. And don't forget to subscribe.