WEBVTT 00:00:15.929 --> 00:00:18.469 Welcome to the Bitcoin Street Journal, Bitcoin 00:00:18.469 --> 00:00:20.989 Market Update, the podcast that brings you daily 00:00:20.989 --> 00:00:23.469 live updates on the ever -changing Bitcoin market. 00:00:24.050 --> 00:00:26.230 Stay informed with our in -depth Bitcoin technical 00:00:26.230 --> 00:00:28.929 analysis as we explore the current price of Bitcoin, 00:00:29.510 --> 00:00:32.469 BTC, market capitalization, and market supply. 00:00:33.009 --> 00:00:34.869 Get ready to dive into the world of cryptocurrency 00:00:34.869 --> 00:00:37.590 and stay ahead of the game. In today's episode, 00:00:38.009 --> 00:00:40.630 we'll cover EuroCBDC's potential protection against 00:00:40.630 --> 00:00:44.289 Bitcoin, Binance's user base, BTC's performance, 00:00:44.770 --> 00:00:47.509 SoFi Bank's Bitcoin holdings, SEC's delay on 00:00:47.509 --> 00:00:50.450 Bitcoin ETF decisions, Oman's mining farm launch, 00:00:50.950 --> 00:00:54.170 crypto miners diversifying into AI, Bitcoin NFT 00:00:54.170 --> 00:00:56.729 sales volume decline, SEC's legal victories, 00:00:56.929 --> 00:00:59.170 Ripple's appeal, crypto lender Helios sentencing, 00:00:59.689 --> 00:01:02.869 BTC's slipping price, MicroStrategy's BTC holdings, 00:01:03.189 --> 00:01:05.439 US leading Europe in crypto adoption. Bitcoin 00:01:05.439 --> 00:01:08.180 mining stock surge, Coinbase's base blockchain 00:01:08.180 --> 00:01:11.780 attracting scam tokens, BTC price analysis, Ethereum 00:01:11.780 --> 00:01:14.400 Foundation's funding, Thorchain token increase, 00:01:14.920 --> 00:01:17.659 FBI's crypto seizure, North Korean hackers theft, 00:01:17.959 --> 00:01:20.920 Gemini's SEC lawsuit dismissal filing, altcoin 00:01:20.920 --> 00:01:24.959 dump, Ripple V, SEC case updates, Italy's expensive 00:01:24.959 --> 00:01:27.980 mining, S .I .B.'s struggles, Bitcoin ordnance 00:01:27.980 --> 00:01:31.620 activity, recur NFT platform closure. Cardano 00:01:31.620 --> 00:01:35.760 NFT price rise. Crypto's anonymity debate. DYDX 00:01:35.760 --> 00:01:39.480 chain's ecosystem safety. Vitalik's ETH speculations. 00:01:39.939 --> 00:01:42.700 China's metaverse user monitoring plan. Coinbase's 00:01:42.700 --> 00:01:45.120 investment in Circle. XRP's potential rally. 00:01:45.680 --> 00:01:48.219 Ethereum's price drop. Bitcoin devs fight against 00:01:48.219 --> 00:01:51.859 Craig Wright lawsuit. BTC dominance rise. SEC's 00:01:51.859 --> 00:01:54.819 potential mistake in Ripple case. Gitcoin controversy. 00:01:55.480 --> 00:01:58.379 DJ wearing CryptoPunk helmet. DeFi lender hack. 00:01:58.760 --> 00:02:01.719 Elon Musk's Twitter block feature removal, Bitcoin 00:02:01.719 --> 00:02:05.260 flash crash explanation, OpenSea's backlash tokenization 00:02:05.260 --> 00:02:08.419 spotlight, cryptocurrency market sell -off, AI 00:02:08.419 --> 00:02:10.960 models with biological echoes, groundbreaking 00:02:10.960 --> 00:02:13.919 astrocytes. people's trust in AI over humans 00:02:13.919 --> 00:02:16.680 if they believe in God, AI -generated Ginsburg 00:02:16.680 --> 00:02:19.900 -inspired poems, CEO's lawsuit against Crypto 00:02:19.900 --> 00:02:23.639 .com, Comma Gemini's push for SEC case dismissal, 00:02:23.939 --> 00:02:27.099 recur NFT platform shutdown, meme coins plummet, 00:02:27.340 --> 00:02:32.939 and a solo miner winning a Bitcoin reward. So, 00:02:33.039 --> 00:02:35.039 I came across an interesting article from the 00:02:35.039 --> 00:02:37.879 World Economic Forum and it seems like they believe 00:02:37.879 --> 00:02:40.740 that a Euro Central Bank digital currency or 00:02:40.740 --> 00:02:43.840 CBDC could actually protect people from the likes 00:02:43.840 --> 00:02:46.879 of Bitcoin. Yeah, you heard that right. According 00:02:46.879 --> 00:02:49.840 to the forum, a Euro CBDC could help safeguard 00:02:49.840 --> 00:02:52.620 public money in the face of a surge in cryptocurrencies 00:02:52.620 --> 00:02:55.039 like Bitcoin. I mean, how funny is that? It's 00:02:55.039 --> 00:02:58.000 like the Euro CBDC is here to save the day. But 00:02:58.000 --> 00:03:00.879 you know what's even funnier? The response from 00:03:00.879 --> 00:03:04.000 Lagarde. Basically, he's saying that the digital 00:03:04.000 --> 00:03:06.319 euro should not be tracked, especially for amounts 00:03:06.319 --> 00:03:09.780 under 300 euros, and even that is seen as dangerous 00:03:09.780 --> 00:03:12.639 because of potential terrorist activities. I 00:03:12.639 --> 00:03:14.520 guess he's really concerned about small amounts 00:03:14.520 --> 00:03:17.800 falling into the wrong hands. However, anything 00:03:17.800 --> 00:03:20.000 above that threshold would be monitored by the 00:03:20.000 --> 00:03:22.379 state. It's quite an interesting approach, don't 00:03:22.379 --> 00:03:24.789 you think? Now, let's talk about Bitcoin whales. 00:03:25.370 --> 00:03:27.669 These mega investors have managed to accumulate 00:03:27.669 --> 00:03:32.849 a whopping total of 27 ,755 BTC between May and 00:03:32.849 --> 00:03:36.169 now. That's a lot of Bitcoin. And speaking of 00:03:36.169 --> 00:03:39.069 numbers, guess how many registered users Binance, 00:03:39.389 --> 00:03:41.530 one of the biggest crypto exchanges, has reached? 00:03:42.150 --> 00:03:45.289 None other than a staggering 150 million users. 00:03:45.389 --> 00:03:48.789 Can you believe it? CZ, the CEO of Binance, couldn't 00:03:48.789 --> 00:03:50.810 contain his excitement as he tweeted about this 00:03:50.810 --> 00:03:53.229 milestone. I mean, I can understand why he's 00:03:53.229 --> 00:03:58.289 so fired up. Back in July 2022, Binance had already 00:03:58.289 --> 00:04:01.849 surpassed 120 million users. So that's a growth 00:04:01.849 --> 00:04:05.430 of 30 million in just a year. Impressive, right? 00:04:05.930 --> 00:04:08.689 Oh, and according to SimilarWeb, Binance's top 00:04:08.689 --> 00:04:10.750 traffic sources in the last three months are 00:04:10.750 --> 00:04:13.789 Turkey, Vietnam, Russia, Argentina, and India. 00:04:14.199 --> 00:04:16.439 It's interesting to see how crypto enthusiasm 00:04:16.439 --> 00:04:19.180 is spread across the globe. Now brace yourself 00:04:19.180 --> 00:04:21.779 for some stats. Since the start of this liquidity 00:04:21.779 --> 00:04:24.699 cycle back in March 2020, Bitcoin has been the 00:04:24.699 --> 00:04:27.259 best performing asset. Yes, you heard it right. 00:04:27.819 --> 00:04:31.120 Bitcoin has seen a whopping 397 % increase in 00:04:31.120 --> 00:04:34.180 value since then. In comparison, the S &P had 00:04:34.180 --> 00:04:39.040 a 107 % increase. NASDAQ got a 98 .5 % boost. 00:04:39.740 --> 00:04:44.730 VNQ went up by 42%. Gold saw a rise of 31 % and 00:04:44.730 --> 00:04:48.569 ARKK gained 30%. It's safe to say that Bitcoin 00:04:48.569 --> 00:04:51.370 has been crushing it. And the best part is that 00:04:51.370 --> 00:04:54.129 global liquidity is expected to continue growing. 00:04:54.370 --> 00:04:56.769 And guess what? Bitcoin is designed to absorb 00:04:56.769 --> 00:04:58.889 all that liquidity in the best way possible. 00:04:59.430 --> 00:05:02.089 It's like it was made for this. On another note, 00:05:02.250 --> 00:05:04.290 it seems like Bitcoin's volume has dropped to 00:05:04.290 --> 00:05:07.389 a three -year low. Huh. Talk about a quiet period 00:05:07.389 --> 00:05:10.449 for Bitcoin trading. But hey, Let's not forget 00:05:10.449 --> 00:05:13.290 about what's happening down under. Yes, Australia 00:05:13.290 --> 00:05:15.509 is going cash -free, my friends. The government 00:05:15.509 --> 00:05:18.230 has already removed a staggering $1 billion in 00:05:18.230 --> 00:05:20.610 cash from circulation this year. Now that's a 00:05:20.610 --> 00:05:23.329 lot of dough. This makes you wonder if the government 00:05:23.329 --> 00:05:25.430 is paving the way for a central bank digital 00:05:25.430 --> 00:05:29.189 currency. Hmm, food for thought. Let's switch 00:05:29.189 --> 00:05:31.550 gears for a moment. Have you ever looked at Bitcoin 00:05:31.550 --> 00:05:34.829 and thought, wow, it just looks simple? Well, 00:05:34.829 --> 00:05:37.279 you're not alone. It's amazing how something 00:05:37.279 --> 00:05:40.360 so complex can appear incredibly straightforward. 00:05:41.100 --> 00:05:43.480 Bitcoin has this aura of simplicity around it, 00:05:43.639 --> 00:05:46.019 and yet it's the backbone of a revolutionary 00:05:46.019 --> 00:05:48.720 financial system. Now let's take a glimpse into 00:05:48.720 --> 00:05:52.060 the past. Over the last 10 years, we've witnessed 00:05:52.060 --> 00:05:54.639 the growth of not just Bitcoin, but also other 00:05:54.639 --> 00:05:58.040 top assets. And you know what? Bitcoin has outperformed 00:05:58.040 --> 00:06:00.759 them all. From Argentina's peso to the Russian 00:06:00.759 --> 00:06:03.300 ruble, the Turkish lira, and even the mighty 00:06:03.300 --> 00:06:06.480 US dollar. Bitcoin has shown its strength and 00:06:06.480 --> 00:06:08.600 gained against all of these currencies since 00:06:08.600 --> 00:06:11.779 the beginning of 2023. It's like Bitcoin has 00:06:11.779 --> 00:06:14.019 become a force to be reckoned with in the world 00:06:14.019 --> 00:06:19.100 of finance. Breaking news. The SEC or the United 00:06:19.100 --> 00:06:21.480 States Securities and Exchange Commission has 00:06:21.480 --> 00:06:24.420 decided to delay all Bitcoin ETF decisions until 00:06:24.420 --> 00:06:28.699 early 2024. Yep, you heard it right. This means 00:06:28.699 --> 00:06:31.459 that the wait for a Bitcoin ETF approval is a 00:06:31.459 --> 00:06:34.910 bit longer than we anticipated. But hey, Good 00:06:34.910 --> 00:06:37.449 things come to those who wait, right? Let's hope 00:06:37.449 --> 00:06:40.410 this delay doesn't dampen spirits too much. Now 00:06:40.410 --> 00:06:42.910 let's talk about El Salvador. Guess who just 00:06:42.910 --> 00:06:45.269 became the first fully licensed crypto exchange 00:06:45.269 --> 00:06:48.310 in the country? None other than Binance. Yep, 00:06:48.509 --> 00:06:51.649 they did it again. Binance has established itself 00:06:51.649 --> 00:06:54.509 as a pioneer by becoming the first fully licensed 00:06:54.509 --> 00:06:57.829 crypto exchange in El Salvador. It's a significant 00:06:57.829 --> 00:07:00.350 step for both Binance and the crypto industry 00:07:00.350 --> 00:07:03.350 as a whole. Kudos to them for making history. 00:07:03.579 --> 00:07:06.439 Shifting our focus to the United States, we have 00:07:06.439 --> 00:07:08.779 some interesting news from San Francisco's SoFi 00:07:08.779 --> 00:07:12.220 Bank. In their Q2 earnings report, they revealed 00:07:12.220 --> 00:07:15.060 that they hold a staggering $82 million worth 00:07:15.060 --> 00:07:17.600 of Bitcoin. That's quite the addition to their 00:07:17.600 --> 00:07:20.019 balance sheet, don't you think? While we're on 00:07:20.019 --> 00:07:22.620 the topic of banks, let's just say that confidence 00:07:22.620 --> 00:07:25.100 in the Federal Reserve is at an all -time low. 00:07:25.500 --> 00:07:28.000 People are questioning its ability to effectively 00:07:28.000 --> 00:07:31.579 manage the economy and maintain stability. It's 00:07:31.579 --> 00:07:33.620 a challenging time for central banks around the 00:07:33.620 --> 00:07:36.279 world as they navigate this rapidly changing 00:07:36.279 --> 00:07:38.860 financial landscape. And finally, let's take 00:07:38.860 --> 00:07:41.259 a moment to talk about PayPal's stable coin. 00:07:41.720 --> 00:07:43.759 Well, it seems like there's some skepticism around 00:07:43.759 --> 00:07:46.379 using it. Good luck to anyone who decides to 00:07:46.379 --> 00:07:48.800 give it a shot. Phew, that was quite a ride. 00:07:49.420 --> 00:07:51.560 We covered a lot of ground in this conversation, 00:07:52.139 --> 00:07:54.899 from Euro CBDCs to Bitcoin whales and everything 00:07:54.899 --> 00:07:57.910 in between. The world of cryptocurrencies is 00:07:57.910 --> 00:08:00.110 always evolving and it's fascinating to see how 00:08:00.110 --> 00:08:02.589 these digital assets shape our financial future. 00:08:03.129 --> 00:08:12.829 The journey continues, my friend. Hey there. 00:08:14.129 --> 00:08:16.410 Today, let's dive into some interesting news 00:08:16.410 --> 00:08:19.449 in the world of cryptocurrencies. We have some 00:08:19.449 --> 00:08:21.629 exciting developments to share. So let's get 00:08:21.629 --> 00:08:24.839 started. First up. We have crypto miners exploring 00:08:24.839 --> 00:08:27.879 new avenues beyond traditional mining. It seems 00:08:27.879 --> 00:08:29.660 that high -performance computing is catching 00:08:29.660 --> 00:08:31.540 their attention because it might actually be 00:08:31.540 --> 00:08:35.100 more profitable. Imagine that. You can learn 00:08:35.100 --> 00:08:36.879 more about this by checking out the article. 00:08:37.600 --> 00:08:40.240 Speaking of Bitcoin, it seems that its NFT counterparts, 00:08:40.419 --> 00:08:43.120 known as Bitcoin Ordinals, have seen a significant 00:08:43.120 --> 00:08:45.620 decline in sales volume and transactions since 00:08:45.620 --> 00:08:48.820 June. This could be a sign of dwindling interest 00:08:48.820 --> 00:08:51.740 in Bitcoin NFTs. To get all the details, give 00:08:51.740 --> 00:08:54.820 the article a read. Moving on, a US judge has 00:08:54.820 --> 00:08:56.899 granted the SEC's request to interrogate the 00:08:56.899 --> 00:09:00.000 co -founder of Terra Labs, Daniel Shin. Apparently, 00:09:00.100 --> 00:09:02.240 the co -founder got into some trouble with forged 00:09:02.240 --> 00:09:05.299 documents while trying to travel to Dubai. You 00:09:05.299 --> 00:09:07.360 can find out more about this intriguing case 00:09:07.360 --> 00:09:10.320 by clicking on the linked article. In other SEC 00:09:10.320 --> 00:09:12.700 news, they are seeking permission to appeal a 00:09:12.700 --> 00:09:15.379 ripple ruling. The SEC believes that there is 00:09:15.379 --> 00:09:18.419 a difference of opinion regarding crypto's relationship 00:09:18.419 --> 00:09:21.399 with securities law in various courts. To delve 00:09:21.399 --> 00:09:23.929 deeper into this matter, take a look at the article. 00:09:24.669 --> 00:09:26.809 Next, let's talk about a crypto lender called 00:09:26.809 --> 00:09:31.049 Helio, based Down Under in Australia. They recently 00:09:31.049 --> 00:09:33.629 pleaded guilty to false license claims brought 00:09:33.629 --> 00:09:37.029 by ASIC, the Australian regulator. The guilty 00:09:37.029 --> 00:09:39.070 plea was considered by the regulator during the 00:09:39.070 --> 00:09:41.570 sentencing process. To learn more about this 00:09:41.570 --> 00:09:44.870 case, read the full article. Now let's move on 00:09:44.870 --> 00:09:47.330 to the market watch. Bitcoin has slipped below 00:09:47.330 --> 00:09:50.460 the $1 .26K mark again. and we've seen drops 00:09:50.460 --> 00:09:54.539 of around 20 % for Litecoin, SHIB, and XRP. On 00:09:54.539 --> 00:09:57.440 the flip side, tokens like KS and HBAR have been 00:09:57.440 --> 00:09:59.419 soaring, experiencing double -digit growth in 00:09:59.419 --> 00:10:02.259 the past 24 hours. If you want to keep an eye 00:10:02.259 --> 00:10:04.799 on the ever -changing market trends, make sure 00:10:04.799 --> 00:10:07.139 to read the article. Remember Michael Saylor 00:10:07.139 --> 00:10:10.620 from MicroStrategy? Well, three years after their 00:10:10.620 --> 00:10:13.139 first historic Bitcoin purchase, MicroStrategy 00:10:13.139 --> 00:10:17.919 now holds an impressive 153 ,000 BTC. That's 00:10:17.919 --> 00:10:20.350 quite the investment journey. Discover more about 00:10:20.350 --> 00:10:22.190 their Bitcoin holdings in the linked article. 00:10:22.750 --> 00:10:25.110 Now let's talk about crypto adoption. It seems 00:10:25.110 --> 00:10:27.389 the US is pulling ahead of Europe, thanks in 00:10:27.389 --> 00:10:30.850 part to BTC ETFs. A Bloomberg analyst highlighted 00:10:30.850 --> 00:10:33.370 the factors that give the US an edge in adoption. 00:10:34.009 --> 00:10:35.950 If you're curious about what sets them apart, 00:10:36.389 --> 00:10:39.450 give the article a read. Shifting our focus to 00:10:39.450 --> 00:10:41.769 Bitcoin mining, it's worth noting that mining 00:10:41.769 --> 00:10:44.210 stocks have experienced massive growth this year. 00:10:44.669 --> 00:10:47.980 Some of them have jumped a whopping 200%. But 00:10:47.980 --> 00:10:51.559 there's one standout that has soared nearly 400%. 00:10:51.559 --> 00:10:54.279 Intrigued? Check out the article for more information. 00:10:54.919 --> 00:10:57.379 In some unfortunate news, Coinbase's incubated 00:10:57.379 --> 00:11:00.460 base blockchain has attracted over 500 scam tokens. 00:11:01.059 --> 00:11:03.340 These tokens have generated substantial trading 00:11:03.340 --> 00:11:06.340 volume, reaching approximately $3 .7 million 00:11:06.340 --> 00:11:09.960 on decentralized exchanges within the base network. 00:11:10.600 --> 00:11:13.960 Get the full scoop in the article. Lastly, let's 00:11:13.960 --> 00:11:16.139 take a look at Bitcoin's recent price movement. 00:11:16.750 --> 00:11:20.230 After a crash resulting in an 11 % weekly decline, 00:11:20.669 --> 00:11:22.809 the price has encountered significant rejection 00:11:22.809 --> 00:11:26.389 near the critical $1 .30k threshold. However, 00:11:26.750 --> 00:11:29.289 the current scenario shows the price consolidating 00:11:29.289 --> 00:11:32.190 around the crucial support range of $1 .25k. 00:11:32.769 --> 00:11:35.649 Could this be a bottom? Signaling a halt to further 00:11:35.649 --> 00:11:38.429 downtrends? Find out more in the comprehensive 00:11:38.429 --> 00:11:41.870 article. Wrapping up, the Ethereum Foundation 00:11:41.870 --> 00:11:44.690 recently announced $9 million in project and 00:11:44.690 --> 00:11:47.110 conference funding for the second quarter. If 00:11:47.110 --> 00:11:48.789 you're interested in the latest developments 00:11:48.789 --> 00:11:51.570 funding Ethereum projects, be sure to check out 00:11:51.570 --> 00:11:54.769 their quarterly report. That wraps up our roundup 00:11:54.769 --> 00:11:57.629 of crypto news for today. Stay tuned for more 00:11:57.629 --> 00:12:00.210 exciting updates in the ever evolving world of 00:12:00.210 --> 00:12:06.230 cryptocurrencies. So let's dive into some interesting 00:12:06.230 --> 00:12:09.610 news from the crypto world. ThorChain's native 00:12:09.610 --> 00:12:12.149 token has managed to defy the broader market 00:12:12.149 --> 00:12:15.470 crash by registering weekly increases. This is 00:12:15.470 --> 00:12:17.769 quite impressive considering the current volatility 00:12:17.769 --> 00:12:20.830 in the market. Now, here's an interesting correlation 00:12:20.830 --> 00:12:23.370 that you might not have heard of. The price of 00:12:23.370 --> 00:12:25.610 oranges in Bitcoin. Believe it or not, there 00:12:25.610 --> 00:12:28.110 seems to be a strong yearly correlation between 00:12:28.110 --> 00:12:31.210 the two. It's a perfect example of what makes 00:12:31.210 --> 00:12:34.289 Bitcoin's master thesis so appealing. The ability 00:12:34.289 --> 00:12:36.610 to connect and influence various aspects of our 00:12:36.610 --> 00:12:39.409 lives, even seemingly unrelated ones like fruit 00:12:39.409 --> 00:12:42.830 prices. In other news, SBF, the popular crypto 00:12:42.830 --> 00:12:45.429 figure, has filed a request for weekdays out 00:12:45.429 --> 00:12:48.169 of jail to prepare for his defense. His legal 00:12:48.169 --> 00:12:50.769 team argues that he cannot be expected to fully 00:12:50.769 --> 00:12:53.470 review all the accusations leveled against him 00:12:53.470 --> 00:12:55.970 while being incarcerated. It's an interesting 00:12:55.970 --> 00:12:58.070 legal maneuver, and we'll have to wait and see 00:12:58.070 --> 00:13:01.190 how it plays out. Moving on, the FBI has been 00:13:01.190 --> 00:13:04.289 busy confiscating crypto assets. Between March 00:13:04.289 --> 00:13:06.909 and May of this year, they managed to seize nearly 00:13:06.909 --> 00:13:10.919 $2 million worth of Bitcoin, Ether, Tether, Monero 00:13:10.919 --> 00:13:14.240 and die. It's a significant move in the ongoing 00:13:14.240 --> 00:13:16.799 battle against illicit activities and money laundering 00:13:16.799 --> 00:13:19.759 in the crypto industry. Speaking of illicit activities, 00:13:19.960 --> 00:13:22.399 North Korean hackers have reportedly stolen a 00:13:22.399 --> 00:13:25.480 staggering $180 million in the first half of 00:13:25.480 --> 00:13:28.820 2023. These hackers have been progressively refining 00:13:28.820 --> 00:13:31.379 their targets, methodologies and strategies for 00:13:31.379 --> 00:13:33.960 money laundering. It's alarming to see how they 00:13:33.960 --> 00:13:36.279 continue to evolve and adapt in their pursuit 00:13:36.279 --> 00:13:39.960 of financial gain. On a more positive note, Oman 00:13:39.960 --> 00:13:42.220 has introduced a crypto mining center valued 00:13:42.220 --> 00:13:46.159 at a whopping $350 million. This is their second 00:13:46.159 --> 00:13:49.019 major mining facility, following the one established 00:13:49.019 --> 00:13:52.820 in November 2022. It's clear that Oman sees the 00:13:52.820 --> 00:13:55.159 potential in crypto mining and wants to be at 00:13:55.159 --> 00:13:57.659 the forefront of this industry. But not everything 00:13:57.659 --> 00:14:00.340 is smooth sailing in the crypto world. Bored 00:14:00.340 --> 00:14:03.059 ape investors are suing Yuga Labs, Sotheby's, 00:14:03.120 --> 00:14:07.070 and 28 others as NFT prices take a plunge. Sotheby's 00:14:07.070 --> 00:14:09.710 has denounced these allegations as baseless and 00:14:09.710 --> 00:14:11.870 is fully prepared to defend itself in court. 00:14:12.429 --> 00:14:13.970 It'll be interesting to see how this lawsuit 00:14:13.970 --> 00:14:16.389 unfolds and what impact it might have on the 00:14:16.389 --> 00:14:19.610 NFT market. In another legal battle, Gemini has 00:14:19.610 --> 00:14:22.370 filed a request to dismiss the SEC lawsuit against 00:14:22.370 --> 00:14:25.009 them. It seems like more and more crypto platforms 00:14:25.009 --> 00:14:26.970 are opting for this route to defend themselves 00:14:26.970 --> 00:14:29.710 against regulatory inquiries. We'll have to wait 00:14:29.710 --> 00:14:32.090 and see if the request is granted and what it 00:14:32.090 --> 00:14:35.210 means for the broader crypto industry. Now, let's 00:14:35.210 --> 00:14:38.450 talk about market movements. While Bitcoin has 00:14:38.450 --> 00:14:42.070 been struggling at the $26 ,000 mark, several 00:14:42.070 --> 00:14:44.570 altcoins have experienced significant dumps of 00:14:44.570 --> 00:14:49.169 over 20 % in just one week. Ape, Uni, LTC, and 00:14:49.169 --> 00:14:51.809 Shibie have all taken a hit, emphasizing the 00:14:51.809 --> 00:14:53.929 volatility and unpredictability of the crypto 00:14:53.929 --> 00:14:56.590 market. Switching gears, let's briefly touch 00:14:56.590 --> 00:15:00.049 on the ongoing Ripple V SEC case. This legal 00:15:00.049 --> 00:15:02.990 battle is far from over. and there are two critical 00:15:02.990 --> 00:15:05.370 deadlines that everyone needs to keep in mind. 00:15:05.830 --> 00:15:08.009 The outcome of this case could have significant 00:15:08.009 --> 00:15:11.230 implications for the entire cryptocurrency industry, 00:15:11.590 --> 00:15:13.870 so it's definitely worth keeping a close eye 00:15:13.870 --> 00:15:16.509 on. Now let's talk about the latest hype in the 00:15:16.509 --> 00:15:20.090 crypto world, FriendTech. This Web3 social app 00:15:20.090 --> 00:15:22.429 has been generating a lot of buzz and is racking 00:15:22.429 --> 00:15:25.190 up daily fees driven by speculation of an upcoming 00:15:25.190 --> 00:15:28.070 airdrop. It's always exciting to see new projects 00:15:28.070 --> 00:15:30.429 capturing the attention of the crypto community. 00:15:31.250 --> 00:15:33.870 Shebarium, another project in the crypto ecosystem, 00:15:34.450 --> 00:15:36.909 has recently been taken into private mode. While 00:15:36.909 --> 00:15:39.850 there were initial hiccups, we can expect a relaunch 00:15:39.850 --> 00:15:42.450 in the near future. It'll be interesting to see 00:15:42.450 --> 00:15:44.769 how they address the challenges and what improvements 00:15:44.769 --> 00:15:47.789 they bring to the table. Shifting our focus back 00:15:47.789 --> 00:15:52.210 to Bitcoin, the BTC Fear and Greed Index is indicating 00:15:52.210 --> 00:15:55.090 a level of less than 40, something we haven't 00:15:55.090 --> 00:15:58.399 seen in the past eight months. This metric reflects 00:15:58.399 --> 00:16:00.919 the sentiment and emotions of market participants, 00:16:01.500 --> 00:16:04.419 and a low score suggests increased fear and caution 00:16:04.419 --> 00:16:07.740 among investors. It's a reminder of the ever 00:16:07.740 --> 00:16:11.220 -changing dynamics of the crypto market. Have 00:16:11.220 --> 00:16:13.259 you ever wondered which countries are the most 00:16:13.259 --> 00:16:16.139 expensive and cheapest for mining Bitcoin? Well, 00:16:16.340 --> 00:16:18.539 according to recent data, Italy takes the crown 00:16:18.539 --> 00:16:21.779 as the most expensive nation, while Lebanon offers 00:16:21.779 --> 00:16:25.570 the cheapest mining costs. It's fascinating to 00:16:25.570 --> 00:16:28.009 see how mining economics can vary depending on 00:16:28.009 --> 00:16:30.830 the location. Let's talk about Shiba Inu, one 00:16:30.830 --> 00:16:34.169 of the popular cryptocurrencies. Despite a 22 00:16:34.169 --> 00:16:36.909 % weekly disaster, there are three important 00:16:36.909 --> 00:16:39.690 things to keep an eye on this week. The cryptocurrency 00:16:39.690 --> 00:16:42.490 recently experienced a rejection at a key resistance 00:16:42.490 --> 00:16:45.389 level, highlighting the importance of support 00:16:45.389 --> 00:16:48.769 and resistance levels in technical analysis. 00:16:49.629 --> 00:16:56.919 The key levels to watch are $0 .0000008, $0 .0000007 00:16:56.919 --> 00:17:04.160 for support, and $0 .00000085, $0 .0000001 for 00:17:04.160 --> 00:17:06.819 resistance. Now let's touch on the concept of 00:17:06.819 --> 00:17:09.720 Bitcoin ordinals. Did you know that there are 00:17:09.720 --> 00:17:13.539 currently over 25 .6 million inscriptions on 00:17:13.539 --> 00:17:16.720 the Bitcoin network? These ordinals carry significant 00:17:16.720 --> 00:17:19.579 cultural and historical value within the crypto 00:17:19.579 --> 00:17:22.319 community. It's another example of how the blockchain 00:17:22.319 --> 00:17:24.720 technology is evolving beyond just financial 00:17:24.720 --> 00:17:27.920 transactions. Unfortunately, not all platforms 00:17:27.920 --> 00:17:31.279 stand the test of time. Recur, an NFT platform 00:17:31.279 --> 00:17:34.400 that raised $50 million two years ago, has decided 00:17:34.400 --> 00:17:37.400 to shut down. However, the platform plans to 00:17:37.400 --> 00:17:41.119 transfer all NFT media and metadata to a decentralized 00:17:41.119 --> 00:17:43.940 storage protocol, ensuring that users will still 00:17:43.940 --> 00:17:47.019 have access to their NFTs even after the closure. 00:17:47.349 --> 00:17:49.650 It's great to see measures being taken to protect 00:17:49.650 --> 00:17:52.009 the interests of users in the face of platform 00:17:52.009 --> 00:17:55.210 shutdowns. Lastly, let's talk about Cardano's 00:17:55.210 --> 00:17:58.349 rise in the NFT market. Though they might have 00:17:58.349 --> 00:18:01.150 been late to the party, Cardano is slowly making 00:18:01.150 --> 00:18:03.970 its mark as a dominant player in the NFT space. 00:18:04.470 --> 00:18:06.450 It's interesting to see how different blockchain 00:18:06.450 --> 00:18:09.150 platforms are carving out their niches in this 00:18:09.150 --> 00:18:11.970 rapidly growing sector. Privacy is a crucial 00:18:11.970 --> 00:18:14.849 aspect of the crypto industry. And it's a topic 00:18:14.849 --> 00:18:17.349 that Adrian Brink the co -founder of Anoma and 00:18:17.349 --> 00:18:19.890 Nomada feel strongly about. In an interview, 00:18:19.930 --> 00:18:22.829 he emphasized that without privacy, crypto could 00:18:22.829 --> 00:18:25.890 cease to exist. It's a reminder of the importance 00:18:25.890 --> 00:18:28.970 of privacy -focused technologies and the ongoing 00:18:28.970 --> 00:18:31.349 debate around regulatory measures and individual 00:18:31.349 --> 00:18:34.109 rights. So that wraps up our tour of the latest 00:18:34.109 --> 00:18:37.789 crypto news. From Thor chains, token resilience, 00:18:38.190 --> 00:18:41.089 to legal battles and market movements, there's 00:18:41.089 --> 00:18:44.029 never a dull moment in the world of cryptocurrency. 00:18:44.630 --> 00:18:47.890 Stay tuned for more updates as the crypto landscape 00:18:47.890 --> 00:18:58.210 continues to evolve. Crypto's anonymity has long 00:18:58.210 --> 00:19:00.369 been praised as one of its foundational principles, 00:19:00.829 --> 00:19:03.069 but the tides are turning in the conversation. 00:19:03.809 --> 00:19:06.650 The question arises, can crypto survive without 00:19:06.650 --> 00:19:09.829 anonymity? Let's dive deeper into some recent 00:19:09.829 --> 00:19:12.279 developments in the crypto world. First, let's 00:19:12.279 --> 00:19:14.839 talk about DYDX chain validators and stakers 00:19:14.839 --> 00:19:17.640 and how they play a role in keeping the ecosystem 00:19:17.640 --> 00:19:20.779 unharmed. One of their main responsibilities 00:19:20.779 --> 00:19:24.279 is to refrain from engaging in MEV, Minor Extractable 00:19:24.279 --> 00:19:27.460 Value, activities. MEV refers to the additional 00:19:27.460 --> 00:19:30.000 profits that miners can potentially make by manipulating 00:19:30.000 --> 00:19:32.859 transactions or front -running trades. By avoiding 00:19:32.859 --> 00:19:36.140 these activities, DYDX contributors ensure fairness 00:19:36.140 --> 00:19:39.140 and integrity within the ecosystem. Additionally, 00:19:39.369 --> 00:19:42.410 Proper storage of signing keys is crucial. These 00:19:42.410 --> 00:19:45.049 keys are used to verify and authorize transactions, 00:19:45.549 --> 00:19:47.990 so safeguarding them prevents unauthorized access 00:19:47.990 --> 00:19:51.069 and potential security breaches. In recent news, 00:19:51.349 --> 00:19:53.650 Vitalik Buterin, one of the co -founders of Ethereum, 00:19:54.109 --> 00:19:58.150 sent $1 million worth of ETH to Coinbase. Speculation 00:19:58.150 --> 00:20:00.450 surrounds this move, with some suggesting that 00:20:00.450 --> 00:20:03.170 Vitalik may be preparing to sell his ETH holdings. 00:20:03.849 --> 00:20:05.509 Others believe that he might be transferring 00:20:05.509 --> 00:20:08.029 his holdings to Coinbase's Layer 2 blockchain 00:20:08.029 --> 00:20:10.829 base. While the true motive behind the transaction 00:20:10.829 --> 00:20:13.490 remains uncertain, it highlights the dynamic 00:20:13.490 --> 00:20:16.190 nature of the crypto space and the various possibilities 00:20:16.190 --> 00:20:20.150 that arise. Speaking of dynamics, China's proposed 00:20:20.150 --> 00:20:23.329 digital identity system has raised concerns about 00:20:23.329 --> 00:20:26.210 privacy in the metaverse. The system aims to 00:20:26.210 --> 00:20:28.470 gather personal information about metaverse users 00:20:28.470 --> 00:20:31.609 and store it permanently. This raises questions 00:20:31.609 --> 00:20:34.190 about individual autonomy and control over personal 00:20:34.190 --> 00:20:37.329 data. The metaverse, which encompasses virtual 00:20:37.329 --> 00:20:40.650 worlds and online communities, thrives on anonymity 00:20:40.650 --> 00:20:43.789 and pseudonymity. Introducing a system that collects 00:20:43.789 --> 00:20:45.869 personal information goes against the grain of 00:20:45.869 --> 00:20:48.670 what many users value in the metaverse. On the 00:20:48.670 --> 00:20:50.869 subject of investments, Coinbase has made a notable 00:20:50.869 --> 00:20:53.690 move by purchasing equity in Circle. Circle is 00:20:53.690 --> 00:20:56.410 the company behind USDC, a stablecoin that was 00:20:56.410 --> 00:20:59.569 launched in 2018. This investment demonstrates 00:20:59.569 --> 00:21:01.529 Coinbase's commitment to future developments 00:21:01.529 --> 00:21:04.420 and advancements in the stablecoin market. As 00:21:04.420 --> 00:21:06.440 cryptocurrencies continue to gain mainstream 00:21:06.440 --> 00:21:10.160 adoption, stablecoins like USDC play a crucial 00:21:10.160 --> 00:21:12.619 role in providing stability and bridging the 00:21:12.619 --> 00:21:14.940 gap between traditional finance and the crypto 00:21:14.940 --> 00:21:18.359 world. Let's shift gears and talk about Ripple's 00:21:18.359 --> 00:21:21.559 XRP. The recent drop in Bitcoin's value has had 00:21:21.559 --> 00:21:24.299 a significant impact on Ripple's price, leading 00:21:24.299 --> 00:21:27.160 to a downturn. However, amidst this downward 00:21:27.160 --> 00:21:30.059 trend, there is a glimmer of hope. The price 00:21:30.059 --> 00:21:33.079 of XRP is approaching a strong support zone marked 00:21:33.079 --> 00:21:36.519 by the 200 -day moving average. Technical analysis 00:21:36.519 --> 00:21:38.859 suggests that this support level could potentially 00:21:38.859 --> 00:21:41.339 trigger a short -term interruption in the prevailing 00:21:41.339 --> 00:21:44.140 downtrend. It's essential to keep an eye on these 00:21:44.140 --> 00:21:46.859 technical indicators while considering the broader 00:21:46.859 --> 00:21:50.519 market forces at play. Another major cryptocurrency, 00:21:51.059 --> 00:21:53.680 Ethereum, has experienced a significant drop 00:21:53.680 --> 00:21:57.200 in price. After weeks of consolidation below 00:21:57.200 --> 00:22:00.200 a key resistance level, Ethereum's price has 00:22:00.200 --> 00:22:02.440 finally made a substantial move to the downside. 00:22:03.059 --> 00:22:04.740 While there are still support levels to consider, 00:22:05.180 --> 00:22:08.819 the overall sentiment is not optimistic. Technical 00:22:08.819 --> 00:22:11.359 analysis indicates that things are looking challenging 00:22:11.359 --> 00:22:14.720 for ETH, and it remains to be seen how low the 00:22:14.720 --> 00:22:17.980 price may go. As always, the crypto market is 00:22:17.980 --> 00:22:20.559 known for its volatility and unpredictable nature, 00:22:20.980 --> 00:22:23.440 so it's crucial to stay informed and make decisions 00:22:23.440 --> 00:22:26.589 based on thorough analysis. In the legal realm, 00:22:26.769 --> 00:22:28.890 a group of Bitcoin developers is fighting back 00:22:28.890 --> 00:22:31.210 against a lawsuit brought by Craig Wright's crypto 00:22:31.210 --> 00:22:34.829 company. The lawsuit claims ownership of a substantial 00:22:34.829 --> 00:22:38.289 amount of BTC. The outcome of this legal battle 00:22:38.289 --> 00:22:40.549 could have significant implications for Bitcoin 00:22:40.549 --> 00:22:43.750 and the broader crypto community, testing the 00:22:43.750 --> 00:22:46.390 boundaries of ownership and decentralization. 00:22:46.710 --> 00:22:49.369 Taking a broader look at the crypto market, Bitcoin 00:22:49.369 --> 00:22:51.750 dominance has once again risen, while altcoins 00:22:51.750 --> 00:22:56.500 like ADA, BNB, Matic, and AVAX have retraced 00:22:56.500 --> 00:23:00.420 further. Interestingly, Akash Network's AKT has 00:23:00.420 --> 00:23:02.799 emerged as a new representative among the top 00:23:02.799 --> 00:23:06.579 100 altcoins after experiencing a 12 % daily 00:23:06.579 --> 00:23:09.900 surge. The altcoin market always presents opportunities 00:23:09.900 --> 00:23:12.660 for growth and volatility, and it's essential 00:23:12.660 --> 00:23:14.819 to keep track of these market movements to make 00:23:14.819 --> 00:23:18.279 informed investment decisions. Shifting gears, 00:23:18.299 --> 00:23:21.339 let's discuss the case against Ripple, XRP, and 00:23:21.339 --> 00:23:24.440 the potential mistake made by the SEC. A legal 00:23:24.440 --> 00:23:27.000 expert believes that the SEC committed a massive 00:23:27.000 --> 00:23:29.740 error in their case against Ripple. This case 00:23:29.740 --> 00:23:32.740 has significant implications for the future regulation 00:23:32.740 --> 00:23:35.380 of cryptocurrencies and the clarity surrounding 00:23:35.380 --> 00:23:38.319 the classification of digital assets. As the 00:23:38.319 --> 00:23:40.500 case unfolds, it will be interesting to see how 00:23:40.500 --> 00:23:43.000 it shapes the regulatory landscape for the crypto 00:23:43.000 --> 00:23:46.240 industry as a whole. Moving away from legal matters, 00:23:46.680 --> 00:23:49.440 let's delve into the world of decentralized autonomous 00:23:49.440 --> 00:23:53.849 organizations, DOs. Gitcoin, a prominent DO, 00:23:54.349 --> 00:23:57.210 recently faced backlash, reigniting the age -old 00:23:57.210 --> 00:23:59.970 debate of whether DOs are truly superior to traditional 00:23:59.970 --> 00:24:02.569 firms. The incident underscores the inherent 00:24:02.569 --> 00:24:04.950 challenges and complexities involved in governing 00:24:04.950 --> 00:24:08.589 decentralized systems. While DAOs bring new possibilities 00:24:08.589 --> 00:24:11.390 for collaboration and decision -making, they 00:24:11.390 --> 00:24:13.930 are not immune to controversy and complications. 00:24:14.730 --> 00:24:17.109 On a lighter note, let's talk about Seed Phrase, 00:24:17.470 --> 00:24:19.869 a DJ who wears a crypto -punk helmet while spinning. 00:24:20.299 --> 00:24:22.920 With their debut single Angels released, Seed 00:24:22.920 --> 00:24:25.240 Phrase aims to let the music speak for itself 00:24:25.240 --> 00:24:28.359 and overcome skepticism. The intersection of 00:24:28.359 --> 00:24:31.039 art and crypto continues to expand, providing 00:24:31.039 --> 00:24:33.460 unique experiences and expressions within the 00:24:33.460 --> 00:24:36.819 crypto community. Unfortunately, not all news 00:24:36.819 --> 00:24:39.859 in the crypto world is positive. Another crypto 00:24:39.859 --> 00:24:42.279 bridge has collapsed as a DeFi lender on the 00:24:42.279 --> 00:24:45.380 Optimism Network suffered a $7 million attack. 00:24:45.640 --> 00:24:48.220 The incident highlights the ongoing challenges 00:24:48.220 --> 00:24:51.000 of securing decentralized financial systems and 00:24:51.000 --> 00:24:53.900 the need for robust security measures. While 00:24:53.900 --> 00:24:56.440 the DeFi space offers immense opportunities, 00:24:56.980 --> 00:24:59.519 it is crucial to remain cautious and stay informed 00:24:59.519 --> 00:25:02.319 about potential risks. In social media news, 00:25:02.480 --> 00:25:04.940 Elon Musk, the founder of Tesla and a prominent 00:25:04.940 --> 00:25:07.700 figure in the crypto space, announced plans to 00:25:07.700 --> 00:25:10.519 eliminate Twitter's block feature. This decision 00:25:10.519 --> 00:25:13.200 has sparked an outcry among users who cite safety 00:25:13.200 --> 00:25:15.940 concerns on the platform. The move raises questions 00:25:15.940 --> 00:25:18.519 about the role of social media platforms in regulating 00:25:18.519 --> 00:25:21.880 user interactions and balancing freedom of expression 00:25:21.880 --> 00:25:24.940 with user safety. Lastly, let's talk about the 00:25:24.940 --> 00:25:27.680 recent flash crash in Bitcoin's price, which 00:25:27.680 --> 00:25:30.279 led to a downturn in the entire crypto market. 00:25:31.140 --> 00:25:33.359 Experts speculate on the various factors that 00:25:33.359 --> 00:25:35.980 triggered the crash, ranging from Elon Musk's 00:25:35.980 --> 00:25:38.859 tweets to concerns surrounding Evergrande, a 00:25:38.859 --> 00:25:41.420 Chinese real estate conglomerate. As Bitcoin 00:25:41.420 --> 00:25:43.759 experiences fluctuations, it's essential to keep 00:25:43.759 --> 00:25:46.519 a close eye on market trends and stay updated 00:25:46.519 --> 00:25:48.599 on the latest developments that may impact its 00:25:48.599 --> 00:25:52.180 price. In conclusion, the crypto world is a dynamic 00:25:52.180 --> 00:25:55.240 and ever -evolving space where anonymity, governance, 00:25:55.720 --> 00:25:58.579 investments and market trends intersect. The 00:25:58.579 --> 00:26:00.519 recent developments discussed here shed light 00:26:00.519 --> 00:26:02.559 on the complexities and opportunities within 00:26:02.559 --> 00:26:05.779 the crypto ecosystem. It is crucial to stay informed, 00:26:06.079 --> 00:26:08.500 conduct thorough analysis, and approach the crypto 00:26:08.500 --> 00:26:10.619 market with critical thinking to navigate its 00:26:10.619 --> 00:26:13.640 inherent volatility and make well -informed decisions. 00:26:32.000 --> 00:26:34.759 In other news, a joint university study has found 00:26:34.759 --> 00:26:37.160 an intriguing connection between belief in God 00:26:37.160 --> 00:26:41.660 and trust in artificial intelligence, AI. It 00:26:41.660 --> 00:26:43.660 seems that people who strongly believe in God 00:26:43.660 --> 00:26:46.500 are more willing to trust advice from AI rather 00:26:46.500 --> 00:26:49.200 than humans. It's quite an interesting finding 00:26:49.200 --> 00:26:51.440 and brings up some thought -provoking questions 00:26:51.440 --> 00:26:54.240 about the relationship between spirituality and 00:26:54.240 --> 00:26:57.569 technology. Speaking of AI, there's an exciting 00:26:57.569 --> 00:27:00.150 new exhibition in Los Angeles that showcases 00:27:00.150 --> 00:27:03.190 AI -generated poems inspired by Allen Ginsberg's 00:27:03.190 --> 00:27:06.049 photographs. It's like having an AI -powered 00:27:06.049 --> 00:27:08.690 Allen Ginsberg creating beatnik -style poems. 00:27:09.349 --> 00:27:11.369 The fusion of technology and art continues to 00:27:11.369 --> 00:27:14.569 evolve and create fascinating works. Now, let's 00:27:14.569 --> 00:27:17.730 move on to some legal matters. Sam Bankman Fried, 00:27:18.150 --> 00:27:21.109 the founder of FTX, is requesting a regular release 00:27:21.109 --> 00:27:23.769 from jail. His defense seems to be centered around 00:27:23.769 --> 00:27:26.549 blaming his lawyers for the situation. They argue 00:27:26.549 --> 00:27:29.109 that he needs better access to evidence. It's 00:27:29.109 --> 00:27:31.150 always interesting to see how legal strategies 00:27:31.150 --> 00:27:34.269 unfold, especially when lawyers themselves become 00:27:34.269 --> 00:27:37.049 part of the defense. In another legal battle, 00:27:37.509 --> 00:27:40.029 a token founder claims to have lost a significant 00:27:40.029 --> 00:27:43.230 amount of money and his house in a scam orchestrated 00:27:43.230 --> 00:27:45.309 by individuals pretending to be representatives 00:27:45.309 --> 00:27:48.319 of a major digital currency exchange. It's a 00:27:48.319 --> 00:27:50.819 cautionary tale reminding us to be vigilant and 00:27:50.819 --> 00:27:53.539 cautious in the crypto space. Now let's dive 00:27:53.539 --> 00:27:56.500 into the world of crypto Twitter. Last week, 00:27:56.779 --> 00:27:58.619 there were many rumors floating around about 00:27:58.619 --> 00:28:01.140 Tether's exposure to the bankrupt Chinese property 00:28:01.140 --> 00:28:04.480 giant Evergrande. As with any social media platform, 00:28:04.819 --> 00:28:07.339 unsubstantiated rumors are abundant, and it's 00:28:07.339 --> 00:28:09.039 important to take everything with a grain of 00:28:09.039 --> 00:28:11.799 salt. In a recent federal court case, the judge 00:28:11.799 --> 00:28:14.279 affirmed the sanctions imposed on Tornado Cash. 00:28:14.680 --> 00:28:17.339 Some users argued that these sanctions violated 00:28:17.339 --> 00:28:20.420 their First Amendment rights, but the judge dismissed 00:28:20.420 --> 00:28:22.900 those claims. It's an important decision that 00:28:22.900 --> 00:28:25.019 sets a precedent in the intersection of crypto 00:28:25.019 --> 00:28:28.259 and legal matters. Gemini, a major cryptocurrency 00:28:28.259 --> 00:28:31.160 exchange, is pushing back against a lawsuit filed 00:28:31.160 --> 00:28:35.099 by the SEC. Lawyers for Gemini argue that the 00:28:35.099 --> 00:28:37.559 SEC cannot prove that the company was selling 00:28:37.559 --> 00:28:39.940 securities to customers, and they are fighting 00:28:39.940 --> 00:28:43.230 to have the case dismissed. Legal battles between 00:28:43.230 --> 00:28:45.430 regulators and crypto companies are always worth 00:28:45.430 --> 00:28:48.109 keeping an eye on. Next, we have some unfortunate 00:28:48.109 --> 00:28:51.470 news in the NFT space. Despite raising $50 million 00:28:51.470 --> 00:28:54.650 in funding and having prominent backers, NFT 00:28:54.650 --> 00:28:56.769 platform Recur has announced that it will be 00:28:56.769 --> 00:28:59.609 shutting down. It's a reminder that even with 00:28:59.609 --> 00:29:02.609 substantial resources and support, success in 00:29:02.609 --> 00:29:05.569 the fast -changing world of NFTs is not guaranteed. 00:29:06.329 --> 00:29:09.029 In the world of decentralized finance, DeFi, 00:29:09.440 --> 00:29:11.980 Base network has been experiencing a surge in 00:29:11.980 --> 00:29:15.160 activity and fees. The crypto app linked to Twitter 00:29:15.160 --> 00:29:17.880 has been gaining popularity and attracting more 00:29:17.880 --> 00:29:20.500 users to the Coinbase incubated base network. 00:29:21.140 --> 00:29:23.680 It's exciting to see the growth of DeFi and its 00:29:23.680 --> 00:29:27.099 integration with social platforms. Now let's 00:29:27.099 --> 00:29:29.920 talk about meme coins. The market has been down 00:29:29.920 --> 00:29:32.720 and meme coins known for their higher risks have 00:29:32.720 --> 00:29:35.589 taken a significant hit. Additionally, the launch 00:29:35.589 --> 00:29:38.150 of Shibarium last week contributed to the drop 00:29:38.150 --> 00:29:41.789 in the price of Shibi. It's a reminder that meme 00:29:41.789 --> 00:29:44.569 coins can be subject to extreme volatility and 00:29:44.569 --> 00:29:47.250 unpredictable market dynamics. And finally, we 00:29:47.250 --> 00:29:49.670 have a lucky solo miner who recently achieved 00:29:49.670 --> 00:29:52.710 a major milestone. This miner was able to snag 00:29:52.710 --> 00:29:55.849 a Bitcoin block reward worth a staggering $160 00:29:55.849 --> 00:29:59.630 ,000. It's a testament to the potential rewards 00:29:59.630 --> 00:30:02.740 that can come from mining cryptocurrencies. even 00:30:02.740 --> 00:30:05.420 for individuals operating on their own. That's 00:30:05.420 --> 00:30:07.759 all for this week's news roundup. Stay tuned 00:30:07.759 --> 00:30:10.000 for more updates on the fascinating world of 00:30:10.000 --> 00:30:13.180 technology, crypto and AI. Take care and see 00:30:13.180 --> 00:30:22.319 you next time. Have you heard the latest news 00:30:22.319 --> 00:30:24.660 from the world of cryptocurrency? Let's dive 00:30:24.660 --> 00:30:28.500 right in. First up, we have an interesting story 00:30:28.500 --> 00:30:31.630 about Bitcoin mining. It seems that a lucky miner 00:30:31.630 --> 00:30:35.130 with a mere one PHS and hash power is enjoying 00:30:35.130 --> 00:30:37.789 far fewer resources than the major industrial 00:30:37.789 --> 00:30:41.190 scale mining pools. It just goes to show that 00:30:41.190 --> 00:30:44.009 even with limited resources, you can still make 00:30:44.009 --> 00:30:47.390 your mark in the world of Bitcoin. Moving on, 00:30:47.970 --> 00:30:50.089 China is making headlines once again with its 00:30:50.089 --> 00:30:52.430 plans to take its social credit system to the 00:30:52.430 --> 00:30:55.210 metaverse. Reports suggest that officials in 00:30:55.210 --> 00:30:57.970 China have proposed a government controlled internet. 00:30:58.119 --> 00:31:01.460 to a UN Metaverse focus group. This raises many 00:31:01.460 --> 00:31:03.759 questions about internet freedom and privacy, 00:31:04.019 --> 00:31:06.640 and it will be fascinating to see how this unfolds. 00:31:07.019 --> 00:31:09.380 In Ethereum news, there has been some activity 00:31:09.380 --> 00:31:12.539 involving ETH linked to Vitalik Buterin, the 00:31:12.539 --> 00:31:16.200 co -founder of Ethereum. Approximately $1 .3 00:31:16.200 --> 00:31:18.839 million in Ethereum has either been sent to an 00:31:18.839 --> 00:31:21.500 8 -year -old address or used to buy altcoins 00:31:21.500 --> 00:31:24.029 on Coinbase. It's always intriguing to follow 00:31:24.029 --> 00:31:26.329 the movements of influential figures in the crypto 00:31:26.329 --> 00:31:29.089 world. When it comes to global crypto regulation, 00:31:29.369 --> 00:31:31.890 things can get quite complicated. Traditional 00:31:31.890 --> 00:31:34.450 finance lenses struggle to assess cryptocurrencies 00:31:34.450 --> 00:31:37.589 accurately, and determining the responsible oversight 00:31:37.589 --> 00:31:40.549 agencies can be challenging. As the crypto industry 00:31:40.549 --> 00:31:44.069 continues to evolve, it will be crucial for regulators 00:31:44.069 --> 00:31:46.910 to keep up with the pace. In a recent development, 00:31:47.150 --> 00:31:49.750 Binance's euro transfers are still available, 00:31:50.049 --> 00:31:52.589 despite some confusion caused by an erroneous 00:31:52.589 --> 00:31:56.789 tweet. PaySafe, a payment service provider, confirmed 00:31:56.789 --> 00:31:59.410 that Binance users can conduct euro transactions 00:31:59.410 --> 00:32:03.150 via SIPA until September 25th. It's essential 00:32:03.150 --> 00:32:05.730 to clarify such information promptly to avoid 00:32:05.730 --> 00:32:08.190 any unnecessary panic within the crypto community. 00:32:08.950 --> 00:32:11.569 Now, let's delve into the world of AI investments. 00:32:12.710 --> 00:32:15.250 ARK, Cathie Wood's investment firm, believes 00:32:15.250 --> 00:32:17.710 that the market is not fully appreciating some 00:32:17.710 --> 00:32:20.910 AI investments. They caution against solely focusing 00:32:20.910 --> 00:32:24.250 on mega -cap tech giants and urge investors to 00:32:24.250 --> 00:32:26.410 consider other promising opportunities in the 00:32:26.410 --> 00:32:29.190 AI sector. It's always interesting to see where 00:32:29.190 --> 00:32:31.309 the next big breakthroughs in technology will 00:32:31.309 --> 00:32:34.769 come from. Speaking of AI, a recent report from 00:32:34.769 --> 00:32:38.089 the international labor organization, ILO, suggests 00:32:38.089 --> 00:32:40.910 that while AI won't lead to an unemployment crisis, 00:32:41.269 --> 00:32:45.200 jobs are still at risk. In fact, The ILO highlights 00:32:45.200 --> 00:32:47.480 that working women are more vulnerable to the 00:32:47.480 --> 00:32:50.339 threats posed by artificial intelligence. As 00:32:50.339 --> 00:32:52.839 society continues to embrace AI, it's crucial 00:32:52.839 --> 00:32:55.380 to have discussions about job security and equitable 00:32:55.380 --> 00:32:58.700 opportunities. In a concerning case, the SEC 00:32:58.700 --> 00:33:01.460 alleges that a crypto fund misled clients with 00:33:01.460 --> 00:33:05.240 promises of extraordinary returns. Titan, a crypto 00:33:05.240 --> 00:33:08.039 product, claimed to offer annual returns of over 00:33:08.039 --> 00:33:13.079 2 ,700%. But it is now facing legal action. This 00:33:13.079 --> 00:33:15.279 serves as a reminder to investors to thoroughly 00:33:15.279 --> 00:33:17.960 research any investment opportunities and exercise 00:33:17.960 --> 00:33:21.759 caution before diving in. Moving on to Bitcoin, 00:33:22.000 --> 00:33:23.920 we have news of institutional investors selling 00:33:23.920 --> 00:33:26.640 $55 million worth of Bitcoin in the past week. 00:33:27.160 --> 00:33:29.500 This happened amidst a widespread crypto sell 00:33:29.500 --> 00:33:32.559 -off and delays from the SEC regarding ETF decisions. 00:33:33.160 --> 00:33:35.180 The market sentiment plays a significant role 00:33:35.180 --> 00:33:37.619 in the movement of crypto assets, and it will 00:33:37.619 --> 00:33:39.799 be interesting to see how institutional investors 00:33:39.799 --> 00:33:42.660 navigate these fluctuations. Despite a ban on 00:33:42.660 --> 00:33:45.359 blockchain games on popular PC marketplace Steam, 00:33:45.980 --> 00:33:48.000 developers are finding ways to work around or 00:33:48.000 --> 00:33:51.259 within the rules. Crypto and NFT games are still 00:33:51.259 --> 00:33:54.000 launching on Steam, showcasing the resilience 00:33:54.000 --> 00:33:56.759 and adaptability of the gaming industry. It's 00:33:56.759 --> 00:33:58.940 exciting to see how blockchain technology is 00:33:58.940 --> 00:34:01.740 being integrated into the world of gaming. In 00:34:01.740 --> 00:34:04.539 a significant acquisition, Coinbase has purchased 00:34:04.539 --> 00:34:07.099 a stake in Circle, leading to the dissolution 00:34:07.099 --> 00:34:11.559 of the USDC Stablecoin Issuer Center. This consolidation 00:34:11.559 --> 00:34:13.739 of operations is an interesting development in 00:34:13.739 --> 00:34:16.019 the stablecoin space and could have implications 00:34:16.019 --> 00:34:19.559 for the wider cryptocurrency ecosystem. Now, 00:34:19.820 --> 00:34:22.659 let's talk about Friend .Tech, the latest obsession 00:34:22.659 --> 00:34:25.300 in the crypto world. Celebrities are signing 00:34:25.300 --> 00:34:28.179 up on this tokenized social media platform, which 00:34:28.179 --> 00:34:30.360 has already surpassed the popularity of Tron 00:34:30.360 --> 00:34:33.099 and Uniswap. However, some critics raise concerns 00:34:33.099 --> 00:34:35.280 about the sustainability of this Ponzi scheme. 00:34:36.019 --> 00:34:38.079 It's worth keeping an eye on FriendTech to see 00:34:38.079 --> 00:34:40.360 how it evolves and whether it can live up to 00:34:40.360 --> 00:34:43.219 the hype. The founders of FriendTech recently 00:34:43.219 --> 00:34:45.480 shared their plans for the tokenized social media 00:34:45.480 --> 00:34:47.980 platform. They discussed what's next for the 00:34:47.980 --> 00:34:50.500 platform and admitted that they need to catch 00:34:50.500 --> 00:34:52.980 their breath following the boom in popularity. 00:34:53.659 --> 00:34:55.920 It's always interesting to hear from the minds 00:34:55.920 --> 00:34:59.260 behind innovative crypto projects and see how 00:34:59.260 --> 00:35:01.880 they navigate the challenges that come with success. 00:35:02.280 --> 00:35:05.119 Moving on to the intersection of gaming and crypto, 00:35:05.659 --> 00:35:08.139 we have esports and gaming influencers earning 00:35:08.139 --> 00:35:11.360 significant amounts on friend .tech. FaZe Banks 00:35:11.360 --> 00:35:13.980 and Nadeshot, titans in the esports and gaming 00:35:13.980 --> 00:35:16.940 world, are cashing in on this buzzy social token 00:35:16.940 --> 00:35:19.480 app. It's an exciting time for the convergence 00:35:19.480 --> 00:35:21.559 of these two industries and the monetization 00:35:21.559 --> 00:35:24.440 opportunities it presents. K -pop fans, listen 00:35:24.440 --> 00:35:27.519 up. Blackpink, one of the biggest K -pop groups, 00:35:27.739 --> 00:35:30.019 has launched a metaverse experience on Roblox. 00:35:30.420 --> 00:35:32.760 Blackpink. The palace will provide fans with 00:35:32.760 --> 00:35:35.239 interactive experiences and is set to evolve 00:35:35.239 --> 00:35:37.860 over the next year. This showcases the growing 00:35:37.860 --> 00:35:40.280 integration of entertainment and the metaverse, 00:35:40.699 --> 00:35:42.719 offering fans unique ways to connect with their 00:35:42.719 --> 00:35:45.760 favorite artists. Lastly, we have an update regarding 00:35:45.760 --> 00:35:48.539 Friend .Tech, the red hot social crypto app. 00:35:49.000 --> 00:35:51.980 The app has renamed its token, likely in response 00:35:51.980 --> 00:35:55.360 to regulatory concerns. The term shares has been 00:35:55.360 --> 00:35:57.900 dropped, raising questions about the legality 00:35:57.900 --> 00:36:00.869 of the app. It will be essential to closely monitor 00:36:00.869 --> 00:36:03.610 any regulatory developments in this space to 00:36:03.610 --> 00:36:06.190 ensure investor protection and adherence to existing 00:36:06.190 --> 00:36:09.230 laws. And that's a wrap on the latest news in 00:36:09.230 --> 00:36:12.909 the crypto world. Stay tuned for more updates 00:36:12.909 --> 00:36:15.769 and exciting developments as the industry continues 00:36:15.769 --> 00:36:28.559 to evolve and capture our attention. First up, 00:36:28.619 --> 00:36:30.579 head over to Fountain .com and give us a thumbs 00:36:30.579 --> 00:36:33.239 up, share, or even better, hit that subscribe 00:36:33.239 --> 00:36:35.679 button. Then you can also find us on NosterBuild, 00:36:35.960 --> 00:36:40.400 Spotify, Amazon Music, RSS .com, Pandora, Samsung 00:36:40.400 --> 00:36:43.599 Podcasts, Apple iTunes, and iHeartRadio. Phew, 00:36:43.920 --> 00:36:46.039 we're all over the place, huh? So go ahead and 00:36:46.039 --> 00:36:48.139 show some love on whichever platform you prefer. 00:36:48.980 --> 00:36:50.900 We're grateful for any support that comes our 00:36:50.900 --> 00:36:54.300 way. It means the world to us. Whether you're 00:36:54.300 --> 00:36:57.059 liking, sharing, or subscribing, Every little 00:36:57.059 --> 00:36:59.300 action helps us grow and bring you more awesome 00:36:59.300 --> 00:37:01.920 content. So once again, thank you for listening 00:37:01.920 --> 00:37:04.260 and supporting the Bitcoin Street Journal. We 00:37:04.260 --> 00:37:20.880 appreciate you. In today's episode, we covered 00:37:20.880 --> 00:37:23.500 a range of topics, including the laughable non 00:37:23.500 --> 00:37:26.829 -potential benefits of EuroCBDC, the growth of 00:37:26.829 --> 00:37:29.389 Binance's user base, the latest updates in the 00:37:29.389 --> 00:37:32.070 Bitcoin market, regulatory developments surrounding 00:37:32.070 --> 00:37:35.010 Bitcoin ETFs, and the ups and downs of various 00:37:35.010 --> 00:37:38.090 cryptocurrencies and related markets. We also 00:37:38.090 --> 00:37:41.309 explored the intersection of crypto and AI, security 00:37:41.309 --> 00:37:43.769 concerns in the crypto industry, and interesting 00:37:43.769 --> 00:37:47.070 developments in the NFT space. Additionally, 00:37:47.210 --> 00:37:49.230 we discussed some fascinating stories related 00:37:49.230 --> 00:37:52.190 to AI, trust in technology, and legal battles 00:37:52.190 --> 00:37:55.239 in the crypto world. Thanks for tuning in. And 00:37:55.239 --> 00:37:57.559 don't forget to subscribe for more exciting episodes.