WEBVTT 00:00:05.900 --> 00:00:08.740 Welcome to the Bitcoin Street Journal, your daily 00:00:08.740 --> 00:00:11.820 source for live market updates, technical analysis, 00:00:12.240 --> 00:00:15.080 and breaking news regarding Bitcoin. Stay up 00:00:15.080 --> 00:00:17.399 to date with the latest Bitcoin trends, market 00:00:17.399 --> 00:00:20.140 capitalization and supply, as well as financial 00:00:20.140 --> 00:00:22.719 and economic news by subscribing to our podcast. 00:00:23.440 --> 00:00:25.679 Join us on the journey through the world of Bitcoin 00:00:25.679 --> 00:00:28.699 and its impact on our daily lives. In today's 00:00:28.699 --> 00:00:30.960 episode, we'll cover Binance US legal issues, 00:00:31.440 --> 00:00:34.840 Reddit protesting API changes, eToro halting 00:00:34.840 --> 00:00:37.520 purchases, Bitcoin exchanges moving holdings 00:00:37.520 --> 00:00:40.799 outside of the US, and SEC litigation with Binance 00:00:40.799 --> 00:00:51.280 WS affecting market activity. Hey there! Let's 00:00:51.280 --> 00:00:53.560 dive into the latest news in the crypto world. 00:00:54.200 --> 00:00:57.259 Binance US is taking action and hiring top talent, 00:00:57.520 --> 00:01:00.439 including an ex -SEC attorney, as they brace 00:01:00.439 --> 00:01:03.840 for potential federal charges. Meanwhile, Reddit's 00:01:03.840 --> 00:01:06.000 crypto communities went dark to show their support 00:01:06.000 --> 00:01:09.280 for a protest against API changes, while crypto 00:01:09.280 --> 00:01:12.260 Twitter carried on as usual. Itoro has decided 00:01:12.260 --> 00:01:15.359 to halt Polygon, Aligrand, Decentraland, and 00:01:15.359 --> 00:01:18.500 Dash purchases for U .S. customers after a similar 00:01:18.500 --> 00:01:20.959 pullback from stock and crypto trading app Robinhood. 00:01:21.439 --> 00:01:23.640 In exciting news, a group of crypto -friendly 00:01:23.640 --> 00:01:26.159 congressmen has drafted a bill to reform the 00:01:26.159 --> 00:01:29.000 SEC and potentially fire its current chairman. 00:01:29.319 --> 00:01:32.379 Plus, another solo Bitcoin miner hit the jackpot 00:01:32.379 --> 00:01:35.939 for $160 ,000 with some six -year -old hardware. 00:01:36.579 --> 00:01:39.920 However, beware of wallet -drainer attacks, as 00:01:39.920 --> 00:01:42.939 a convincing -looking BRC20 token swiped some 00:01:42.939 --> 00:01:46.640 $63 ,000 worth of Bitcoin from unsuspecting traders. 00:01:47.359 --> 00:01:50.079 In other news, the UK is investing £100 million 00:01:50.079 --> 00:01:53.780 to make AI a hub for safety purposes. Meanwhile, 00:01:53.980 --> 00:01:56.500 Binance is fighting back against the SEC lawsuit 00:01:56.500 --> 00:01:59.560 over alleged securities violations, with more 00:01:59.560 --> 00:02:02.319 than 20 motions and declarations filed on Monday. 00:02:03.040 --> 00:02:06.120 And finally, XRP tokens have soared after the 00:02:06.120 --> 00:02:08.860 release of the highly anticipated Hinman documents. 00:02:16.120 --> 00:02:18.620 Over the weekend, several cryptocurrencies reacted 00:02:18.620 --> 00:02:21.530 to last week's volatility in unique ways. In 00:02:21.530 --> 00:02:24.849 particular, ADA, Soel, and Shibie were able to 00:02:24.849 --> 00:02:28.969 recover 8 % of their losses. Meanwhile, XRP made 00:02:28.969 --> 00:02:32.030 a remarkable comeback and reclaimed 50 cents. 00:02:32.550 --> 00:02:35.110 On a different note, more than 50 % of Bitcoin 00:02:35.110 --> 00:02:37.650 on exchanges have been moved outside of the United 00:02:37.650 --> 00:02:40.370 States as a result of regulatory uncertainties, 00:02:40.710 --> 00:02:43.770 according to the latest data. Surprisingly, Arbitrum 00:02:43.770 --> 00:02:46.150 has become the most favored destination for moving 00:02:46.150 --> 00:02:49.069 capital away from Ethereum, also according to 00:02:49.069 --> 00:02:52.580 data. Furthermore, in response to the SEC's allegations, 00:02:53.280 --> 00:02:56.180 Polygon, Solana, and Cardano have joined forces 00:02:56.180 --> 00:02:59.120 in dismissing the SEC's claims. Additionally, 00:02:59.439 --> 00:03:01.460 Charles Hoskinson's private jet company has been 00:03:01.460 --> 00:03:04.000 servicing Metallica all this time. Did you know? 00:03:04.460 --> 00:03:07.139 In other news, EOS is celebrating its fifth anniversary 00:03:07.139 --> 00:03:09.659 thanks to its resilient community. At the same 00:03:09.659 --> 00:03:12.340 time, Robinhood has delisted CAD, Saul, and Matic 00:03:12.340 --> 00:03:15.310 following the SEC's claims. Moreover, Binance 00:03:15.310 --> 00:03:18.129 Coin, BNB, is currently at a six -month low, 00:03:18.550 --> 00:03:22.210 while Bitcoin, BTC, failed at $1 .26k. On a separate 00:03:22.210 --> 00:03:24.550 note, DeFi Protocol Sturdy Finance was recently 00:03:24.550 --> 00:03:28.889 exploited for $442 ETH, amounting to almost $1 00:03:28.889 --> 00:03:32.189 .800k. Amazingly, Bitcoin's short -term holders 00:03:32.189 --> 00:03:35.090 are not yet willing to cash out despite SEC FUD, 00:03:35.449 --> 00:03:37.909 according to recent data. With the recent crypto 00:03:37.909 --> 00:03:40.669 market volatility, Bitcoin, Ripple, and Ethereum 00:03:40.669 --> 00:03:43.330 are each starting at different levels. Here's 00:03:43.330 --> 00:03:45.650 a briefing of their current state. After the 00:03:45.650 --> 00:03:49.050 bloodbath, where is XRP headed next? Ripple price 00:03:49.050 --> 00:03:53.150 analysis. BTC sheds 3 % weekly amid massive altcoin 00:03:53.150 --> 00:03:56.009 weekend bleedout. Bitcoin price analysis. This 00:03:56.009 --> 00:03:58.949 is the next bearish target for ETH bears. If 00:03:58.949 --> 00:04:03.449 $1 .7000 falls, Ethereum price analysis. Binance 00:04:03.449 --> 00:04:07.050 chain will take over Venus Protocol's $150M position 00:04:07.050 --> 00:04:10.240 as loan approaches liquidation threshold. Additionally, 00:04:10.419 --> 00:04:13.439 a recent report shows that 38 % of users can't 00:04:13.439 --> 00:04:15.759 differentiate between human interactions and 00:04:15.759 --> 00:04:18.959 those of AI. Furthermore, Glassnode provides 00:04:18.959 --> 00:04:21.500 insight into investors' reactions to the SEC, 00:04:22.000 --> 00:04:25.060 Binance, and Coinbase fiasco. Meanwhile, according 00:04:25.060 --> 00:04:28.240 to Opinion, the SEC, Coinbase, and Binance lawsuits 00:04:28.240 --> 00:04:31.939 are super bullish for BTC and ETH. In other news, 00:04:32.220 --> 00:04:34.920 Tether's circulation has hit a new peak as confidence 00:04:34.920 --> 00:04:37.680 in Circle continues to decline. Additionally, 00:04:37.980 --> 00:04:40.060 Turkey residents have turned to cryptocurrencies 00:04:40.060 --> 00:04:42.839 due to the recent lira collapse. On the other 00:04:42.839 --> 00:04:46.839 hand, JP Morgan had to pay $290 million in settlement 00:04:46.839 --> 00:04:49.899 for serving Jeffrey Epstein. Many have criticized 00:04:49.899 --> 00:04:52.540 the SEC for making it impossible to know which 00:04:52.540 --> 00:04:55.060 tokens are securities, including Mark Cuban. 00:04:55.790 --> 00:04:58.629 Finally, a new explosive Bitcoin bull market 00:04:58.629 --> 00:05:01.110 may come rather quickly, and many predict next 00:05:01.110 --> 00:05:04.089 year's BTC halving will be the catalyst. Therefore, 00:05:04.230 --> 00:05:06.050 it's never a bad time to learn how to prepare 00:05:06.050 --> 00:05:08.750 for the next massive crypto bull market. You 00:05:08.750 --> 00:05:11.050 can watch a great video and check out 10 essential 00:05:11.050 --> 00:05:13.910 tips that everybody should know. Recent reports 00:05:13.910 --> 00:05:16.569 suggest that the SEC has requested a Binance 00:05:16.569 --> 00:05:19.129 asset freeze. Notably, the exchange has hired 00:05:19.129 --> 00:05:22.149 a former agency director as their lawyer. Median 00:05:22.149 --> 00:05:26.000 SUI recently exploded to 16 % daily. while Bitcoin 00:05:26.000 --> 00:05:30.079 remains shaky at $1 .26k. Meanwhile, Ripple's 00:05:30.079 --> 00:05:32.459 CEO believes that Hinman documents release was 00:05:32.459 --> 00:05:35.879 worth the wait. Following the SEC lawsuit, Binance 00:05:35.879 --> 00:05:38.459 US has seen a significant decline in market activity. 00:05:39.079 --> 00:05:42.540 To conclude, Bitcoin is spiking towards $26 .5k, 00:05:43.120 --> 00:05:45.639 indicating that it's still the biggest influencer 00:05:45.639 --> 00:05:48.910 in the crypto world. This follows new US CPI 00:05:48.910 --> 00:05:52.910 data that places the CPI at 4 % YOY and the core 00:05:52.910 --> 00:05:56.910 CPI at 5 .3 % YOY. As always, this brings about 00:05:56.910 --> 00:06:17.160 increased market volatility. and the SEC litigation 00:06:17.160 --> 00:06:20.579 with Binance .us slows market activity. Thanks 00:06:20.579 --> 00:06:22.279 for listening and we'll be back with more news 00:06:22.279 --> 00:06:24.100 soon, so please don't forget to subscribe.