Welcome to the Bitcoin Street Journal, your daily
source for live market updates, technical analysis,
and breaking news regarding Bitcoin. Stay up
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Join us on the journey through the world of Bitcoin
and its impact on our daily lives. In today's
episode, we'll cover Binance US delisting pairs,
SEC aiming to freeze assets, Coinbase's petition,
Han leading Argus Labs raise, Coinbase facing
cease and desist from 11 states, Kevin O 'Leary's
prediction of finance suffering, lawmakers questioning
Zuckerberg, and Louis Vuitton selling NFTs to
VIP clients. Binance US will delist about 100
trading pairs and OTC trading has been put on
pause while the SEC files a motion to freeze
cryptocurrency held by Binance, Binance US, and
CZ. Although the US crypto market share is still
dominant, it has dropped from 85 % at the beginning
of 2023 to 70 % today. Meanwhile, Binance DUS
has earned an impressive $410 million in revenue
since its inception. In other cryptocurrency
news, MicroStrategy's Bitcoin assets are close
to breaking even at the current value of BTC.
Interestingly, a new tool, known as AMBOSS, could
change the way businesses utilize the lighting
network by allowing a direct comparison to traditional
payment processors like Visa. Argus Labs is a
company building an Ethereum Layer 2 network
of gaming blockchains. The creator of the world
engine will let gamers code their unique on -chain
mods. The Amplify ETF's CEO believes failing
to pay attention to disruptive blockchain companies
is a fundamental mistake. Unfortunately, Coinbase
has been hit with pending cease and desist orders
from 11 states because its staking product does
not comply with securities rules. Coinbase plans
to fight the SEC lawsuit regardless and carry
on with business as usual. It's worth mentioning
that despite legal actions against the two largest
cryptocurrency exchanges, only two tokens saw
red candles today. Finally, the popular meeting
app Zoom has launched AI meeting summaries and
chat, adding to its impressive suite of features.
In the latest turn of the SEC's crackdown on
cryptocurrency trading, Shark Tank star Kevin
O 'Leary predicts that the agency's lawsuit against
Binance will leave the cryptocurrency giant starved
of oxygen. He's not the only one with concerns,
though. Top digital asset firms are being pressured
by regulators and may become nothing more than
a footnote in history books. Meanwhile, lawmakers
are questioning Meta CEO Mark Zuckerberg about
the release of the company's Llama AI model.
The advanced, uncensored language model has caused
alarm, and lawmakers are demanding answers about
how Meta plans to minimize the damage. In other
news, the creator of Black Mirror, an Emmy -winning
sci -fi series, has called out AI tool ChatGPT
for producing what he considers a shit script
for an episode. Even the best AI tools can't
always match the human touch. For luxury brand
Louis Vuitton, NFTs are the latest way to offer
elite clientele exclusive perks. The brand is
selling treasure trunks, NFTs that cost a cool
$41 ,000 each. Coinbase, the cryptocurrency exchange,
is also facing regulatory hurdles. The U .S.
Court of Appeals for the Third Circuit wants
clarification from the SEC regarding Coinbase's
rulemaking petition. The SEC has been given seven
days to respond. In better news, IKEA is using
AI to create a folding sofa that can fit in an
envelope. no more struggling with bulky furniture
up and down flights of stairs. Finally, former
Oasis rocker Noel Gallagher is turning to NFTs
to try and beat the Foo Fighters in the UK album
charts. It's a close race, and NFTs could be
the edge that Gallagher needs. Last but not least,
Terra co -founder Do Kwon allegedly backed a
political party in Montenegro. According to reports,
Kwon had financial ties to the party's leader.
On today's episode, we covered Binance -US delisting
pairs, the SEC freezing assets, Coinbase's petition
response, Argus Labs raising funding and legal
action against Coinbase, as well as Kevin O 'Leary's
predictions for Binance and Louis Vuitton selling
NFTs to VIP clients. Thanks for listening and
don't forget to subscribe.