WEBVTT 00:00:05.960 --> 00:00:08.980 Welcome to the Bitcoin Street Journal, your go 00:00:08.980 --> 00:00:11.779 -to podcast for daily live updates on the world 00:00:11.779 --> 00:00:14.519 of Bitcoin markets. With current live Bitcoin 00:00:14.519 --> 00:00:16.879 technical analysis, up -to -date information 00:00:16.879 --> 00:00:20.699 on Bitcoin, BTC price, market capitalization 00:00:20.699 --> 00:00:23.379 and market supply, you'll always be in the know 00:00:23.379 --> 00:00:25.500 on the latest happenings in the ever -evolving 00:00:25.500 --> 00:00:28.440 world of cryptocurrency. Be sure to hit the subscribe 00:00:28.440 --> 00:00:30.899 button to stay informed and never miss an episode. 00:00:31.179 --> 00:00:33.640 In today's episode, we'll cover the latest news 00:00:33.640 --> 00:00:36.820 on crypto exchanges and regulatory updates, followed 00:00:36.820 --> 00:00:39.060 by insights into cryptocurrency conferences, 00:00:39.619 --> 00:00:43.000 DeFi tokens, Ripple gains, and investment plans 00:00:43.000 --> 00:00:45.579 of some of the major players in the industry. 00:00:56.500 --> 00:00:59.539 FTX CEO John Wray has confirmed plans to restart 00:00:59.539 --> 00:01:01.939 the exchange. According to court documents, Wray 00:01:01.939 --> 00:01:04.159 has been working on the relaunch throughout April. 00:01:04.700 --> 00:01:07.040 Unsurprisingly, the price of FTT has increased 00:01:07.040 --> 00:01:10.159 by 13 percent. But that's not all. China's central 00:01:10.159 --> 00:01:12.079 television network has just announced that Hong 00:01:12.079 --> 00:01:14.280 Kong is allowing retail investors to buy Bitcoin. 00:01:15.019 --> 00:01:17.760 This is big news for the crypto market, although 00:01:17.760 --> 00:01:20.099 trading volumes across crypto exchanges are at 00:01:20.099 --> 00:01:22.799 their lowest levels since 2020, despite the surge 00:01:22.799 --> 00:01:25.790 in Bitcoin's price. Interestingly, Africa is 00:01:25.790 --> 00:01:27.569 leading in the number of Google searches for 00:01:27.569 --> 00:01:30.290 Bitcoin mining. It seems like the world is catching 00:01:30.290 --> 00:01:32.870 on to the potential of crypto. In other news, 00:01:33.049 --> 00:01:35.090 the top 10 largest stocks in the world are now 00:01:35.090 --> 00:01:38.890 worth a combined $13 .60 trillion. That's a lot 00:01:38.890 --> 00:01:41.390 of money. In terms of politics, the US default 00:01:41.390 --> 00:01:44.049 is off after Joe Biden and Republican Kevin McCarthy 00:01:44.049 --> 00:01:46.090 reached a tentative agreement to raise the national 00:01:46.090 --> 00:01:50.209 debt ceiling for two years. However, congressional 00:01:50.209 --> 00:01:52.150 approval is still needed to complete the deal. 00:01:52.750 --> 00:01:55.170 Did you know that the United Arab Emirates is 00:01:55.170 --> 00:01:57.010 the country with the highest percentage of its 00:01:57.010 --> 00:01:59.590 population owning crypto? Coming in at a close 00:01:59.590 --> 00:02:02.370 second is Turkey. However, with the rise of crypto 00:02:02.370 --> 00:02:05.290 comes the issue of security. A cumulative amount 00:02:05.290 --> 00:02:08.889 of nearly tilde dollar three. 45B has been stolen 00:02:08.889 --> 00:02:11.389 from crypto exchange custody from 48 recorded 00:02:11.389 --> 00:02:14.729 hacks since 2012. In other news, Congress has 00:02:14.729 --> 00:02:16.969 cut the proposed Biden Bitcoin and crypto mining 00:02:16.969 --> 00:02:20.430 tax from the debt ceiling deal. Finally, the 00:02:20.430 --> 00:02:23.030 supply of Tether USDT has reached an all -time 00:02:23.030 --> 00:02:25.990 high, surpassing its previous record of $83 .6 00:02:25.990 --> 00:02:29.169 billion. The stablecoin supply has spiked significantly 00:02:29.169 --> 00:02:46.099 on Tron due to its speed and low fees. Well, 00:02:46.280 --> 00:02:47.840 someone bought a loaf of bread with a Bitcoin 00:02:47.840 --> 00:02:51.180 wallet baked inside. While the conference's latest 00:02:51.180 --> 00:02:54.080 iteration was notably smaller and less exuberant 00:02:54.080 --> 00:02:56.620 than in past years, it still managed to break 00:02:56.620 --> 00:02:59.319 new barriers for extravagance. In other news, 00:02:59.659 --> 00:03:01.500 investors have seemingly lost interest in blue 00:03:01.500 --> 00:03:04.259 chip tokens like Uniswap and Maker, which helped 00:03:04.259 --> 00:03:07.439 kickstart the 2020 bull run. Blockchain data 00:03:07.439 --> 00:03:09.879 firm Glassnode reported a downturn in the interest 00:03:09.879 --> 00:03:12.979 of these tokens, largely due to Ethereum seducing 00:03:12.979 --> 00:03:15.870 investors with its new staking feature. With 00:03:15.870 --> 00:03:18.629 Ethereum's staking feature, investors can earn 00:03:18.629 --> 00:03:21.030 returns on the cryptocurrency with less risk 00:03:21.030 --> 00:03:25.469 and more reward, up to 4 % APR. In less savory 00:03:25.469 --> 00:03:28.169 news, authorities uncovered that a TikTok influencer 00:03:28.169 --> 00:03:31.810 used Bitcoin to launder more than $420 ,000 in 00:03:31.810 --> 00:03:34.750 COVID relief loans. Danny Devin allegedly used 00:03:34.750 --> 00:03:37.189 the money to settle debts and send money to his 00:03:37.189 --> 00:03:39.949 girlfriend. Despite these ups and downs in the 00:03:39.949 --> 00:03:43.539 crypto world, The Galaxy digital boss, Mike Novogratz, 00:03:43.759 --> 00:03:45.960 believes that crypto adoption is still on the 00:03:45.960 --> 00:03:48.939 rise despite declining interest from institutional 00:03:48.939 --> 00:03:52.080 investors. Additionally, Silvergate has been 00:03:52.080 --> 00:03:54.620 ordered to submit a liquidation plan within 10 00:03:54.620 --> 00:03:57.939 days to prioritize user payouts and restrict 00:03:57.939 --> 00:04:00.960 exit packages for executives. On the brighter 00:04:00.960 --> 00:04:04.120 side, CCTP is coming to Arbitrum after the launch 00:04:04.120 --> 00:04:07.060 of native USDC to eliminate withdrawal delays. 00:04:07.719 --> 00:04:11.099 Lastly, Gemini is seeking a UAE license to serve 00:04:11.099 --> 00:04:13.840 customers based in the Emirates, while CleanSpark 00:04:13.840 --> 00:04:16.480 confirms another heavy investment in mining equipment, 00:04:17.199 --> 00:04:19.339 adding to nine figures worth of machines purchased. 00:04:20.040 --> 00:04:22.100 It's been an eventful week in the world of crypto, 00:04:22.480 --> 00:04:33.829 with ups and downs, twists and turns. Thanks 00:04:33.829 --> 00:04:35.889 for tuning into today's episode, where we covered 00:04:35.889 --> 00:04:38.769 a range of topics including the FTX CEO's plans 00:04:38.769 --> 00:04:41.629 to restart exchanges, China's allowance of retail 00:04:41.629 --> 00:04:44.290 investment in Bitcoin, influential gains made 00:04:44.290 --> 00:04:46.949 by Ripple, CleanSpark's multi -million investment 00:04:46.949 --> 00:04:49.870 in Bitcoin mining machines, and much more. Don't 00:04:49.870 --> 00:04:51.310 forget to subscribe for future updates.